Audit Articles

Control Self-Assessment

Hari Iyer CA, MBA, CISA, FCPA 03 February 2015 at 10:43

BackgroundControl Self-Assessment (CSA) is a technique that was originally developed by Gulf Canada in 1987. In March 2000, the European Commission approved a white paper on CSA. In the United States when the Sarbanes-Oxley Act was implemented in 200

Checklist and universal audit tool for analysing performances of small, medium and large businesses

CA ANURADHA BISWAS 29 January 2015 at 11:05

Checklist and universal Audit Tool for Analysing performances of Small, Medium and Large Businesses:- Checklist in its basic from is a simple to do list and an advanced checklist acts asa schedule for businesses. This schedule will hel

Implications of New Cost Audit Rules on CMA's

Kapil Kaushik 23 January 2015 at 10:25

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Cost Records and Audit) Rules, 201

9 Steps for conducting audit

CA Vishal Sharma 21 January 2015 at 10:41

In our routine work of audit we facing lots of problems but the question arise how to deal these problems nobody knows. Every article knows to conduct the audit but the question is how to start it and what should be the steps to be taken for conduct

Value Dating check in relation to Concurrent Audit of Banks

Sahil Jolly 13 January 2015 at 10:19

Value Dating check in relation to Concurrent Audit of Banks Dear Professional colleagues, Concurrent Audit of Banks are fast gaining significance in the wake of increase in Non-Performing Assets (NPA) and other irregularities which have surfaced in t

Importance of vouching

DHARMENDRA SHARMA 03 January 2015 at 11:00

I have come across many articles assistant and on asking their experience of audit one thing which I found common is that they all hate vouching during audit. For them, Vouching is a boring and monotonous work. But after reading my article, I am sure

Tax audit puzzles

Guest 02 January 2015 at 11:26

RECENT CAG REPORT The Comptroller and Auditor General Report no.32 of 2014 has taken the list of Chartered Accountants who have signed tax Audit cases under Income tax Act of more than 400during FY 2012-13 and there are 22people in the list. ARBITRAR

Book Review 1 - Not Just An Accountant

Nikhil Kaushik 26 December 2014 at 10:56

Not Just An Accountant - The Diary of the Nation's Conscience Keeper - Vinod Rai7 January 2009 - A normal day with business as usual turned into one of the darkest day in the Indian corporate history. The company which had as recent as September

Complete Audit: A new look at social audit

DR. NEERAJ MEEL 27 November 2014 at 13:35

Abstract It is a Research paper. The purpose of this article is to evaluate the current state of social audit. Analyzed the importance of social audit in every social activity. Universal imperatives of social audit are shown with examples.

How to check purchases

Ankur Dudani 20 October 2014 at 11:48

Hi Friends,This article is about How to check Purchases in any organisation during Audit:-Remember that during audit whatever document you take from client take his signature on the same basically its a approval from client side that we provided the