Audit Articles

DISCLOSURE REQUIREMENTS AS PER SCHEDULE VI (PART II) Co. Act

CA.Parsun Garg 30 November 2009 at 23:08

PROFIT & LOSS ACCOUNT DISCLOSURE REQUIREMENTS AS PER SCHEDULE VI (PART II) OF THE COMPANIES ACT, 1956 Sr. No. Sr. No. Particulars 1.

Empanlment of Audit work

Aditya 24 November 2009 at 14:14

Today, when a new member comes in the practice, there is very little scope of work for him more particularly for members practicing in small cities. There is need for generating the practice work for new members and for the members practicing in smal

VOUCHING IS THE ESSENCE OF AUDITING

Member (Account Deleted) 05 November 2009 at 19:49

VOUCHING IS THE ESSENCE OF AUDITINGVouching is said to be the very essence of auditing. The whole success of an audit depends on the intelligence and thoroughness with which this part of the work is done.Vouching means the verification of entries in

KNOTTY ISSUES IN AUDIT OF T.P.CLAIMS IN INSURANCE COMPANIES

Vijay Kalia 23 September 2009 at 13:39

KNOTTY ISSUES IN AUDIT OF T.P.CLAIMS IN INSURANCE COMPANIIESIntroduction: The audit of divisional offices of the insurance companies is primarily an audit of trial balance and it involves checking of claims under different types of business undertake

Cash Management: The role of the Internal Auditor

Vikas Kalyanshetty, ACA 27 August 2009 at 19:57

According to many industry experts the basic reason why many successful companies have collapsed is improper cash management. Having surplus cash in the current accounts are considered as a sign of efficiency of the companies but sitting on such larg

Internal Audit of Sub Con Dept of Engg Cos

Vikas Kalyanshetty, ACA 24 August 2009 at 13:59

Sub Contractor: A subcontractor is hired by a general contractor (or prime contractor) to perform a specific task as part of the overall project. The most common concept of a subcontractor is in building works and civil engineering. The incentive to

Resolutions, Notices, letters related with Statutory Auditor

Ankur Garg 17 August 2009 at 19:04

Dear All, Please find below all the resolutions, notices, letters connected with Statutory Auditor under Section 224, 225, 228, 233A and 233B the Companies Act, 1956 at one place for your reference and record. Kindly excuse me if you find any typing

TRUE & FAIR AUDITING - AN INSIGHT!!

CA. Harsh Rathi 25 July 2009 at 13:36

”TRUE & FAIR” AUDITING – AN INSIGHT! BY: CA. HARSH RAMNIWAS RATHIM. NO. 126391AHMEDABAD Imagine the following scenario: A multinational multilocational Fortune 500 company is being audited by one of the top auditing firms in the

Audit Sampling

suparna k s 12 May 2009 at 17:06

Audit sampling Scope and objective of Audit samplingThe scope of sampling is determined by audit objectives, audit evidence and audit procedures. The purpose of this standard is to establish standards on the design and selection of an audit sample a

AUDIT UNDER COMPANIES ACT,1956

Jaideep 20 March 2009 at 14:25

AN OVERVIEW RELATING TO AUDIT UNDER THE COMPANIES ACT, 1956 Audit of Annual Accounts of a company is compulsory and is indispensable part of incorporated business. Those who carry on business with the other people’s money have to be accountab