Articles by CA Amrita Chattopadhyay

Audit Trail and Importance of Access Control

Posted by CA Amrita Chattopadhyay 04 May 2023 8767 Views

The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and Auditors) Amendment Rules, 2021 which made various changes in Rule 11 of the Companies (Audit and Auditors) Rules, 2014.

Automated Controls and Audit Trail

Posted by CA Amrita Chattopadhyay 07 April 2023 7800 Views

Finance & Accounting field has seen a shift change in the last two decades. From basic manual-driven cars to cruise controls, and thereafter autonomous crui...

Importance of Follow up procedure in Internal Audit

Posted by CA Amrita Chattopadhyay 09 February 2023 9296 Views

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

Additional methods for detection of fraud in the financial statement

Posted by CA Amrita Chattopadhyay 03 January 2023 6330 Views

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.

Highlights on Data Protection Bill, 2022

Posted by CA Amrita Chattopadhyay 05 December 2022 3647 Views

With the world going digital and geographical boundaries getting blurred day by day, data plays a very important role. The digital world contains `personal, p...

Implementing Governance, Risk & Compliance (GRC) in an organization

Posted by CA Amrita Chattopadhyay 12 November 2022 2997 Views

Most of the organization till date view the risk, governance and compliance in Silo resulting in miscommunication, inter-departmental tensions and lack of integrated approach which mostly results in inefficiencies.

Identification of Green flags in Audit of Financial Statement

Posted by CA Amrita Chattopadhyay 20 August 2022 13231 Views

While conducting the audit of financial statement and fraud investigation it is imperative for the auditor to focus his attention not only for the RED Flags but also to draw his attention towards the green flags in the financial statements and the operations in the organization.

Why interview skills are important during audit?

Posted by CA Amrita Chattopadhyay 02 July 2022 5007 Views

As an auditor who needs to conduct the audit as per the auditing standards prescribed by ICAI, it is important for the auditor to have proper planning of the audit, execution and collecting of evidences as per the audit plan and reporting the findings to the management or Those Charged with Governance.

Why should auditor of financial statement be concerned about cyber security?

Posted by CA Amrita Chattopadhyay 08 June 2022 4921 Views

With the fast-changing business environment and the fast-paced change in the technology and the way business is being conducted, it becomes important for the auditors to also keep in pace with the rapid changes taking place and adopt technology while conducting audits.

Auditing Social Media

Posted by CA Amrita Chattopadhyay 04 April 2022 3493 Views

The social media has emerged as a strong interactive platform and it has started to make a huge positive impact on the society. Almost everyone today has a Face...