Audit Articles
steps necessary to Plan/Start the Audit Engagement
chetan soni 18 March 2008 at 22:55Obtaining an understanding of the entity's business and the industry in which it operates. Inquiries concerning the entity's accounting principles, policies and practices. Inquiries concerning the entity's procedures for recording,
What is Professional Skepticism
Kaustuv 28 January 2008 at 10:32Professional skepticism § Professional skepticism is a key element of a quality audit § Professional skepticism means: · Not accepting the evidence you have gathered at face value· Continuing to pursue all avenues of inquiry on the topic at hand
5 tips for surviving an audit
Mr. PURNA P 03 November 2007 at 12:525 tips for surviving an audit If you are being audited, don't panic. Be prepared and know your legal rights.1. Do your homework. Before you go into the auditor's office, get organized. Get all your papers together. Go over your return carefully. Beco
Auditing needs to become global
Aisha 29 October 2007 at 17:15European investors today regularly invest across national borders. In order to safeguard their interests, the European Commission (EC) is concerned about the regulation of non European Union (EU) audit firms and has proposed principles for such regul
Eliminating The Audit Expectations Gap: Reality or Myth?
CA. Rayan Sequeira 08 October 2007 at 21:33A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee
MAT Credit - An overview of its rationale and impact
CA. Rayan Sequeira 06 October 2007 at 16:15"There was an era when the corporate entities mocked at the income tax department, since they had sizeable profits as per the accounting books but ended up contributing nothing to the coffers of the department. Taking the tax provisions to their adva
Professional Ethics - An Introductory Course in Value Education
CA. Rayan Sequeira 06 October 2007 at 16:15Ethics generally means the science of conduct or morality. Ethics are a blend of customs and cultures followed by people and are important in all kind of work we do, be it business or profession.Equally it applies even to our profession and we cannot
Eliminating The Audit Expectations Gap: Reality or Myth?
CA. Rayan Sequeira 06 October 2007 at 14:15A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee
Its Tax Audit Time
CA. Rayan Sequeira 05 October 2007 at 23:55--Concept, emergence and prolongation of tax audit.The year 2007 marks the completion of 22 years of Tax Audit"It's not enough that we do our best; sometimes we have to do what's required", a quot
SOX Act of 2002: Overview
Ankit Dangayach 05 October 2007 at 23:55The Sarbanes-Oxley Act of 2002 (SOA or SOX) "The Act does not differentiate between U.S. and Non U.S. companies in its application."What is Sarbanes Oxley Act of 2002?Legislation passed by the US Congress providing new corporate governance rules, re
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