Audit Articles

Concrete Insights: A Comprehensive Audit Approach For The Cement Sector

CA Amrita Chattopadhyay 19 February 2024 at 09:41

The Indian cement industry is one of the largest in the world, both in terms of production and consumption. The sector has been experiencing steady growth due to infrastructure development, housing projects, and increased demand from the real estate sector.

Audit Trail: A Key Element of Financial Audits

CA Rakesh Ishi 17 February 2024 at 12:05

An audit trail is a chronological record of all changes made to financial transactions within an accounting system. It helps maintain the integrity and accuracy of financial records.

A Complete Guide ESG in Auditing

Sai Kiran 10 February 2024 at 09:12

Here's a guide on ESG (Environmental, Social, and Governance) in auditing as per discussions and recommendations from UNO

Essential Tools for Auditing Digitally

Sai Kiran 08 February 2024 at 08:57

Auditing digital systems requires specialized tools designed to navigate complex digital landscapes, analyze data, and ensure compliance with regulatory requirements.

The Role of Internal Audit in SMEs

Sundaran.D 01 February 2024 at 08:32

Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.

Crucial Role Of Reliance On Third Parties And Experts In The Audit Process

CA Amrita Chattopadhyay 27 January 2024 at 12:51

In the ever-evolving landscape of finance and business, auditors find themselves navigating through turbulent seas, facing challenges that are as dynamic as the markets they scrutinize.

Unveiling Professional Misconduct: NFRA's Order on Seya Industries Limited's Statutory Audit

CA Kunal Jain 19 January 2024 at 14:20

In a recent development, the National Financial Reporting Authority (NFRA) has issued a consequential order shedding light on the statutory audit of Seya Industries Limited for the financial years 2018-19 and 2019-20.

Case of the Uncooperative Auditor and a Lesson in Professional Responsibility

CA Aman Rajput 11 January 2024 at 09:00

Few days ago, I appealed ICAI to raise professional misconduct fund, even posted at my LinkedIn handle regarding ICAI to bring some insurance scheme to cover risks of CA from paneities and fines up to 50 lac to 1 crore with a nominal premium every year

Company Secretary as a Forensic Auditor

FCS Deepak Pratap Singh 26 December 2023 at 08:52

Forensic Audit represents an area of finance that combines detective skills and financial acuity.

Understanding of Standard on Quality Management SQC 1

Ninad Mankar 13 December 2023 at 10:33

SQC 1 deals with the firm's responsibility for having a system of quality management. The SQC is the mechanism that creates an environment that enables and supports engagement teams in performing quality engagements.