Audit Articles

Challenges in Finalization of Accounts for the year 2011-12

CMA Navneet Kr Jain 17 January 2012 at 12:18

Challenges in Finalization of Accounts for the year 2011-12 post new Cost Accounting Records Rules By Navneet Kumar Jain FICWA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA Ministry of Corporate Affairs has done a remarkable job for the indus

Statutory Audit of Branch of The Bank

CA Satish Badve 13 January 2012 at 12:24

The bank branch statutory audit is a yearly task and has a vital importance due to following reasons. 1. Time for completion of audit is very limited and the audit had to be completed on or before specific date. 2. Increase in instances and new te

Basic of Stock Audit

CA Satish Badve 08 January 2012 at 15:35

Preface: The exercise of stock audit was initiated by the banks in way back 1992 onwards, after Harshad Metha Scam. The idea is to verify the security offered to the banks against

Investigative Techniques

Member (Account Deleted) 06 January 2012 at 12:06

INTRODUCTION: I take the privilege to present the paper on Investigative Techniques in fraud investigation. In todays scenario, there is a growing need for fraud awareness

Risk Management Induction Training To Business Teams

Sonia Jaspal 16 December 2011 at 12:18

I had joined a new company and was taking the induction training. I thought it would be a good idea to get fellow participants perspective.So I asked a young employee How did you find the risk management

The Assignment called Con-Current Audit

CA Satish Badve 13 December 2011 at 12:01

My Views.I remember these assignment had started in the year 1996 onwards. EARLIER: At that time since it is a new area,

Storytelling for Risk Managers

Sonia Jaspal 28 November 2011 at 13:18

When I started writing my blog "Sonia Jaspal's RIskBoard", a few writers and fellow bloggers gave me an ego deflating feedback Your posts read like research papers, you should write more stories. My reaction was

Inventory Valuations and Board of Director's Responsibility

CMA Navneet Kr Jain 28 November 2011 at 13:17

INVENTORY VALUATIONS AND BOARD OF DIRECTORS RESPONSIBILITY 2011-12 ONWARD UNDER NEW COST ACCOUNTING RECORD RULES-2011: By Navneet Kumar Jain, Practising Cost Accountant, Delhi Inventory valuation is one of the most important task in the accou

Embezzlement-Arthshastra, Audit and Tax

Lekshmi 28 November 2011 at 13:14

Fraud, embezzlement, concealment of material facts, misappropriation, the list seem endless when the auditor is involved in the examination of financial statements. Chanakya who lived in India, is considere

10 Steps for Restructuring Risk Management Function

Sonia Jaspal 28 October 2011 at 11:27

Don't judge each day by the harvest you reap but by the seeds that you plant. By Robert Louis Stevenson Last decade altered the risk profile of the world. Look it from any lens - financial, technological, political, leg