Audit Articles

Banks NPA and Impact on Indian Economy

nandini mishra 12 January 2011 at 12:36

BANKS NPA AND IMPACT ON INDIAN ECONOMY Introduction:- A well organized and efficient banking system is a pre-requisite for economic growth. Banks play an important role in the functioning of organized money market. in order to meet the banki

Auditor's Horrible Nights

Dilip K Raina 07 January 2011 at 12:47

Believe me or not with every breaking news with respect to fraud/misappropriation/ or untamed demands of different government authorities relating to earlier years the most effected and harassed person you will find is the auditor or the auditing

Practical approach on internal audit

Murtuza Roshan 05 January 2011 at 12:11

INTERNAL AUDIT FUNCTIONS Internal Audit is an audit conducted for & on the behalf of the management. The objective of the Audit is to Assist the management to discharge its responsibility effectively. Auditor wil

Fraud, Fraudster and Failure of System

nandini mishra 02 December 2010 at 13:00

Fraud, Fraudster and Failure of System Introduction:- My of article is based on only 3 words Fraud, Fraudster and Failure of system, means what is fraud, who is fraudster and what is the loophole in

Tax Audit for Individual Tax payers

CA. Chikkerur C R 02 October 2010 at 14:12

Article on Tax Audit for Individual Tax payers – for Beginners September month is a Tax audit month. Tax audit is popularly known 44AB audit. This article is intended to give insight on 44AB & help individual Tax payers (other than professi

Be aware your November exam is approaching..

CA.ViVeK M ACA 29 September 2010 at 11:13

Dear friends and members How you can success the forthcoming exam? Please borne in mind that better be late than never. This means even if you not did your studies well till this moment and start studies even today have also the chance of success.

Audit and fraud

SIVARAM CHOUDHURY 03 September 2010 at 17:01

WHAT IS FRAUD: In simple terms fraud is a mistake with a reason. To explain more Fraud is an activity by a person who does his duty in a wrong way or refrains from doing his duty for some favors i.e. financial, tangible, or anythin

Long Form Audit Report - LFAR

Anish Lakshman S 31 August 2010 at 13:37

Long Form Audit Report - LFAR Documents required to be kept in Audit file for Peer Review purpose 1. Cash Retention Limit duly certified by the Branch Manager; 2. A certificate from the Branch Manager stating that the excess cash holding is being re

Report on Satyam Fiasco

Vijay Kalia 30 August 2010 at 12:00

ICAI‘S SATYAM REPORT OF LITTLE USE – MCA DISMISSES- NEED WE BE COMPLACENTThe news is most disturbing and most of us seem to have taken it in their stride but being a senior member of the chartered accountant community, the news has shaken

Bank Branch Audit - at a Glance

Raghavendra Bhat 21 August 2010 at 15:16

The rapid advancement in information technology has revolutionised the Indian banking sector—perhaps one of the largest in the world as far as its extensive branch network is concerned. Not a day passes without a new ATM being opened or a new