Audit Articles

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

Format of Auditors Report

CA.Tarun Maheshwari 10 February 2009 at 22:14

Auditor’s Report to the Members of ………………(name of the Company)We have audited the attached Balance Sheet of……………….(name of the Company), as at 31st March, 2XXX

dereciation rate as per companies act

CA Rahul Verma 10 February 2009 at 15:40

RATES OF DEPRECIATION UNDER COMPANIES ACTSCHEDULE XIV[See sections 250 and 350] RATES OF DEPRECIATION_____

Depreciation rate as per companies act

CA Rahul Verma 10 February 2009 at 15:11

RATES OF DEPRECIATION UNDER COMPANIES ACTSCHEDULE XIV[See sections 250 and 350] RATES OF DEPRECIATION__________________________________________________________________________ Single Shift Double Shift Triple Shift Nature of Assets