Audit Articles

Internal Audit Basics

CA Satish Badve 21 March 2012 at 12:18

Internal Audit Basics The

Service Vs Business

Dintakurthi Tirumala 13 March 2012 at 12:17

This is my first Article in this i would like to share some thing about Service Vs Business. To differentiate between Service and Business is very important because 1) services are liable for Service tax whereas business is liable for Sale tax, Vat,

Audit Plan/Tutorial: Audit of Purchase Department

Chiranjiv Singh 12 March 2012 at 12:00

AUDIT PLAN/TUTORIAL: Audit of Purchase Department of a Manufacturing Company A manufacturing company is that where a raw materials are converted into final product by applying certain manufacturing process. Thus, from the above definition, w

Risk Based Internal Audit

CA Prashant Gupta 12 March 2012 at 11:12

Parallel to the great upsurge another factor that hunting the board room of the corporate are Risk. There can be any type of the risk whether it is liquidity risk, fraud risk, reputation risk, competition risk and sundry other risks. T

Art of Internal Auditing!

Selvakumar Selvaraj 07 March 2012 at 11:27

Now, the world is in twenty first century, everywhere changes could be visualised but with respect to accounting, auditing etc, where is the change? Modern organisations have become more sophisticated and thus resulted

Innovative assurance and advisory services

Sonia Jaspal 11 February 2012 at 15:34

The business teams mental picture of an auditor is of a guy focused on nitpicking financial accounts. The excessive focus from regulators on internal controls in finance processes has stereotyped auditors. However, in these dynamic economic cond

Audit program for purchases by manufacturing organizations

Third Eye Advisory 06 February 2012 at 13:39

Whether purchase planning is centralised or decentralised. Check the role of Head Office/Works in formulating the p

Master audit program of administration expenses

Third Eye Advisory 02 February 2012 at 16:40

COURIER CHARGES 1.Check whether comparative quotations have been called for or not see whether the best quotation has been selected - Annual rate contract can be checked.

Auditing in CIS environment

Chiranjiv Singh 30 January 2012 at 11:04

INTRODUCTION Now-a-days, the corporate world is getting more and more inclined towards the use of Information technology (IT) and computer information system (CIS) in their daily operations. This has changed the manner in which the org

Strategy To Execution - A Risky Path

Sonia Jaspal 27 January 2012 at 16:03

Some companies fail and some succeed spectacularly in the same market conditions. The question for successful companies is what did they do differently? On the other hand, failure is attributed to either poor strategy or pathetic operation