Audit Articles


Auditor's Horrible Nights

Posted by Dilip K Raina 07 January 2011 15983 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



Practical approach on internal audit

Posted by Murtuza Roshan 05 January 2011 61123 Views

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

Posted by nandini mishra 02 December 2010 11007 Views

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

Posted by CA. Chikkerur C R 02 October 2010 76704 Views

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..

Posted by CA.ViVeK M ACA 29 September 2010 18568 Views

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

Posted by SIVARAM CHOUDHURY 03 September 2010 15843 Views

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



Report on Satyam Fiasco

Posted by Vijay Kalia 30 August 2010 12025 Views

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



Long Form Audit Report - LFAR

Posted by Anish Lakshman S 31 August 2010 66944 Views

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



Bank Branch Audit - at a Glance

Posted by Raghavendra Bhat 21 August 2010 21758 Views

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



Points to be considered while acquiring a company

Posted by Manikanta Raju CA,CWA,(CS) 16 June 2010 31988 Views

Now a day’s cross border transactions, mergers and acquisitions became quite common in a regular business phenomenon. In this article I will discuss a few points as a course of initial observations to be considered while acquiring company- 1)




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