Audit Articles

Detecting Fictitious Sales: A Guide to Identifying Red Flags and Protecting Your Business

Rashmi 28 February 2023 at 08:44

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.

Audit of Charitable Institutions

Abhishek Kumar 20 February 2023 at 08:54

Charitable Institutions refer to those organizations which are constituted and worked for the purpose of public charity.

Importance of Follow up procedure in Internal Audit

CA Amrita Chattopadhyay 09 February 2023 at 12:47

Internal audit is a process which provides assurance to the management regarding company’s risk management, control procedures and their operational efficiency.

Forensic Accounting vs Normal Auditing: A Comparative Analyses

SAMIR CHAUDHARY 07 February 2023 at 11:39

Forensic Accounting is an emerging field for professionals. It is somewhat different than other conventional accounting and auditing practices.

Comments On Publication Of Annual Transparency Reports By Auditor/Audit Firms

kotte murali krishna 24 January 2023 at 12:13

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".

Appointment Process Of Cost Auditor

Chetan Chauhan 13 January 2023 at 17:23

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 & its Process

Suhasini 13 January 2023 at 17:23

Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.

Audit Report & its Format

Suhasini 12 January 2023 at 16:35

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.

Additional methods for detection of fraud in the financial statement

CA Amrita Chattopadhyay 03 January 2023 at 13:07

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.

An Overview Of Statutory Audit

Chetan Chauhan 26 December 2022 at 16:48

A statutory audit is an independent examination of an organization's financial records and statements by an external auditor.