Identifying fictitious sales can be a challenging task, but there are several ways to detect red flags that may indicate the presence of fictitious sales.
Charitable Institutions refer to those organizations which are constituted and worked for the purpose of public charity.
Internal audit is a process which provides assurance to the management regarding company’s risk management, control procedures and their operational efficiency.
Forensic Accounting is an emerging field for professionals. It is somewhat different than other conventional accounting and auditing practices.
DHFL has diverted Rs 34,615Cr borrowed from banks. The CBI has alleged that DHFL‘s promoters formed 87 shall companies, created more than 2,60,000 "Fictitious borrowers' and set up "Virtual Branch "to divert money borrowed from banks".
An appointment of a cost auditor refers to the process of appointing an independent expert to review and assess the costs incurred in a legal matter.
Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.
An audit report is a document that presents the findings of an audit. Audits are conducted to assess the accuracy and compliance of financial statements and records and an audit report is the written documentation of the auditor's findings and conclusions.
The new way of conducting the business has forced auditors to adopt new thinking, new multi-dimensional approach and new tools to conduct the audit of financial statement.
A statutory audit is an independent examination of an organization's financial records and statements by an external auditor.
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