Audit Articles

Planning /Selecting Performance Audits

riya 28 September 2007 at 22:18

By Turksema, Rudi van der Knaap, PeterAll performance auditors share the same goal: to auditthe most relevant problems using the right people andthe most appropriate methods and techniques at theright moment and to use the audit findings to make amea

Audit Documentations

Ravikumar.G 24 September 2007 at 23:09

"The skill of an accountant can always be ascertained by an inspection of his working papers." Robert H. Montgomery, Montgomery's Auditing, 1912. During the performance of an audit, it is obvious that the auditor may have come across issues which we

"The Audit Landscape: 2001-2007" -ABROAD

riya 18 September 2007 at 21:51

Big Four Audit Firms Feel the Effects of Post SOX Inroads As Audit Fees SkyrocketThe Corporate Library today has released summary findings from its seminal study of the changes in the audit industry post Sarbanes-Oxley. In-depth analysis and data und

Case study on IS Audit

Ravi Satpal 16 September 2007 at 01:16

Case study on IS Audit You are chartered accountant in practice who has recently passed the ISA Exam. Your firm has received an inquiry from a Public Sector Bank for submitting a proposal for IS Audit. Key highlights of the inquiry are:Software Packa

Do's & don'ts of working with Auditoes

CA Nikita 15 September 2007 at 15:05

The Do's and Don'ts of Working with Auditors by Carol WoodburySOX, PCI, ISO.. You're going to have to work with auditors eventually. Whether you're working with an auditor who's performing an internal \nor external Sarbanes-Oxley (SOX) audit, a Paymen

Sarbanes- Oxley Act of 2002

Mr. PURNA P 12 September 2007 at 13:59

Summary of SOXThe Act has 11 Titles.SECTION 1. SHORT TITLE; TABLE OF CONTENTS.(a) SHORT TITLE.-This Act may be cited as the ''Sarbanes-Oxley Act of 2002''. (b) TABLE OF CONTENTS.-The table of contents for this Act is as follows: Sec. 1. Short title;

AAS

Kaustuv 05 September 2007 at 21:48

I. As the members are aware, the Institute of Chartered Accountants of India has tilldate issued 35 (thirty five) Auditing and Assurance Standards (AASs). It may be reiterated that all the Standards are mandatory in nature. This means that while carr

BANK AUDIT NORMS ::

CA.Saibaburao Nanduri 24 August 2007 at 16:02

Implementation of revised empanelment norms for appointment of statutory auditors of public sector banks select all India financial institutions & RBI.CLARIFICATION AS REGARDS THE MEANING OF THE TERM 'AUDIT STAFF' ISSUED BY RBI The Reserve Bank o

Process for conducting Internal Audit!!

CA Nikita 08 August 2007 at 06:45

Although every audit project is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report, and Follow-up Review. Client involvemen

Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07

CA Nikita 06 August 2007 at 05:22

RBI/2007-2008/101DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 July 25, 2007To,The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration pa