Audit Articles

FAQ's on Appointment of Cost Auditor by Companies

Posted by sunil 11 May 2011 19385 Views

Frequently Asked Questions on Appointment of Cost Auditor by Companies Q.1 Has the Government prescribed a new procedure for appointment of cost auditor by the companies? Ans. Yes. The procedure has been modified by the Cost Audit Branch

Few points on Internal audit

Posted by Raghavendra 28 April 2011 52281 Views

1) A plan once prepared should be continuously reviewed by the internal auditor to identify any modifications required to bring the same in line with the changes, if any, in the audit environment. However, any major modification to the internal audi

Auditor's Nightmare

Posted by Dilip K Raina 25 April 2011 15541 Views

Believe it or not, with every breaking news with respect to fraud/misappropriation/or untenable and unreasonable demands of different government authorities, the most affected and harassed person, now a days, is the auditor or the auditing firm who

Critical analysis of section 44AD

Posted by PINKESH JAIN 08 March 2011 174597 Views

Critical Analysis of New Section 44AD (inserted by Finance (No 2)Act, 2010) Till the 31st March,2010, the Chapter Profit & gains of Small business on Presumptive Basis was having majorly 3 sections for Indian entities. Section 44AD civil construct

Audit Sampling (boon to auditors)

Posted by CA Yashwanth Lathore 07 March 2011 19183 Views

Introduction: Traditionally, an audit was conducted to check all the transactions without any exception in the programme. Obviously it was a wasteful exercise since the time and cost involved in it and the result obtained out of it was not that much

Audit Programme of Small Bank Branches

Posted by CA KRISHNA KUMAR DARUKA 02 March 2011 23710 Views

AUDIT PROGRAM OF SMALL BRANCHES OF BANKS By CA Krishna Kumar Daruka Friends the bank audit time is nearing.

Audit Procedure for the Manufacturing Concerns

Posted by CA Madhukiran Reddy 19 February 2011 178394 Views

Hi Friends this is my first article which I writing about audit procedure to be followed to while carrying audit to the Manufacturing Companies. So Without any other deviation/discussion, let us directly go into the procedure 1) Has to know

An Auditor for 60 years

Posted by Arijit Ghose 07 February 2011 23269 Views

Though a conversation of about 7 minutes does not merit a detailed article, I thought it would be appropriate to jot and share a few lines about an interesting acquaintance and small conversation I had a couple of days earlier. I have a certain

Banks NPA and Impact on Indian Economy

Posted by nandini mishra 12 January 2011 93494 Views

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

Posted by Dilip K Raina 07 January 2011 15986 Views

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