Articles by CA Amrita Chattopadhyay

Review Of Internal Financial Control For Bank Branch Audit

Posted by CA Amrita Chattopadhyay 30 March 2021 23075 Views

The branches that are required to be covered for reporting on Internal Financial Control will be determined and scoped in by the Statutory Central Auditors.

Role Of Audit Committee In Internal Financial Control

Posted by CA Amrita Chattopadhyay 13 March 2021 6397 Views

Let us review the role of an audit committee and the applicability of the audit committee as per the Companies Act, 2013 to understand its importance in Corporate Governance & role in Internal Financial Control.

Data Analysis In Internal Audit - Payroll

Posted by CA Amrita Chattopadhyay 02 February 2021 5600 Views

It is very important to establish adequate controls in the payroll process. Further, it is also important to know that the controls established are working adequately.

Data analysis to review inventory

Posted by CA Amrita Chattopadhyay 08 January 2021 1499 Views

Proper inventory control enables successful cost control of operations. In this article, we discuss some of the potential risks, data analysis and exception tests that an organisation can implement, for effective inventory management.

Data analysis in internal audit of retail sector

Posted by CA Amrita Chattopadhyay 01 December 2020 4644 Views

The auditors have been using client data to form opinions and to understand financial transactions. In this article, we will discuss the data analysis of the retail sector.

Data analysis in accounts payable and accounts receivable - Audit perspective

Posted by CA Amrita Chattopadhyay 02 November 2020 12502 Views

For auditors, the main driver of using data analytics is to improve the quality of an audit. In this article, we discuss two important areas where the auditors need to concentrate.

Audit Procedures For Fraud Risks Identification In Internal Audit

Posted by CA Amrita Chattopadhyay 13 October 2020 5467 Views

The word 'Fraud” means wrongful or criminal deception intended to result in financial or personal gain. In this article, we have summarised four fraud risks and their corresponding audit procedures.

Restructuring of advances for MSME - Measure to overcome crisis due to pandemic

Posted by CA Amrita Chattopadhyay 07 September 2020 2808 Views

In a developing country like India, the role of MSME cannot be ignored if India wants to become a Self-Reliant India. It plays a vital role in employment generation in India

Accounting for corporate social responsibility

Posted by CA Amrita Chattopadhyay 10 August 2020 15291 Views

Section 135 of the Companies Act, 2013 requires the Board of Directors to constitute a Corporate Social responsibility Committee

Audit documentation requirement under COVID 19

Posted by CA Amrita Chattopadhyay 21 July 2020 13513 Views

Due to restrictions caused by the COVID 19 pandemic and the related lockdown, several restrictions are faced by the auditors in terms of visiting the client location, meeting with the client, obtaining of audit evidence