Audit Articles

An insight into Forensic Audit

MEENAL BANSAL 02 March 2019 at 11:26

I have been hearing and reading about Forensic Audit lately, so decided to write this article.As the name suggests Forensic Audit means independent and comprehe..

Standards on internal audit: A Bird's Eye View

CA Rubneet Anand 11 February 2019 at 13:27

The Internal Audit Standard Board of the ICAI has, with other pronouncements, issued five Standards on Interna

Impact of Ind AS 116 on Leases - When it is Operative

P.R. Sethuraman 29 January 2019 at 11:26

Introduction: Ind. AS 116 on Leases

Equity share capital and Balance Sheet

P.R. Sethuraman 09 January 2019 at 11:45

Introduction:A glance through of the Ind. AS will highlight a hell of a difference of treatment of Equity share Capital from IGAPP as well

Artificial Intelligence in tracking Expenses Reimbursement Frauds

Pawan 31 December 2018 at 11:30

Artificial Intelligence is exposing Employees Reimbursement FraudsIntroductionAI abbreviation of Artificial Intelligence is widening its base in the Audit as we..

How Audit will change in next 5 years?

Pawan 26 December 2018 at 11:52

Transparency in Audits � How audit is conducted vs How it is presented to the Stake HoldersA gap exists between how an audit is conducted and how the data

Queries deserving attention for consideration for Auditors

P.R. Sethuraman 17 November 2018 at 14:40

Merited attention is invited to Para D 8 of Ind. AS 101 - on First Adoption of Indian Accounting Standards. Clause (b) of Para D 8 of the above said Stand

A cakewalk on October amendment to Schedule III

P.R. Sethuraman 25 October 2018 at 11:08

A cakewalk on recent Amendments (11th Oct 18) to Schedule III (Division I & II) and considered induction of Division III ear marked for NBFC under the crux of Ind AS

5 things you must know about tax audit

CA. Brijesh Baranwal 24 October 2018 at 11:17

1. As per the provisions of section 44AB/44ADof the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs.1Cr./ 2 Cr. (as the case ma..

Changes in Schedule III

CA Akhil Rastogi 23 October 2018 at 11:12

The amendments are applicable to all financial statements authorised for issue on or after 11 October 2018, irrespective of the period to which these financial ..