Articles by CA Amrita Chattopadhyay

Appointment of joint auditor - Impact on the corporate world

CA Amrita Chattopadhyay 19 August 2019 at 11:42

In last couple of years, the audit profession has received the attention which no other profession has received due to corporate frauds which has surfaced, the ..

Audit documentation requirement and observation as per QRB

CA Amrita Chattopadhyay 10 July 2019 at 11:25

The audit profession has been in news in the recent times due to various frauds reported in the corporate world. Various questions have been raised on the profe..

Importance of risk assessment as required in auditing standard

CA Amrita Chattopadhyay 31 May 2019 at 18:03

Developments in business, regulation, corporate governance and user expectations drive change in auditing standards and methodologies, as do changes to the cont..

Key Changes made in Auditor's reporting Standard & Emphasis on Audit documentation

CA Amrita Chattopadhyay 26 April 2019 at 18:22

In the wake of the present financial crisis, the role of the auditor has been questioned by many stakeholders. One of the concern of the stakeholder was that th..

Role of practicing unit in peer review

CA Amrita Chattopadhyay 29 March 2019 at 18:35

The Peer Review Board of ICAI was established in 2002, recognizing the need to ensure the quality of services provided by practicing Chartered Accountants.The t..

Impact of GST on charitable trust

CA Amrita Chattopadhyay 06 March 2019 at 11:32

Notification No. 12/2017 �Central Tax (Rate) dated 28-06-2017 exempts services provided by entity registered under Section 12AA of the Income-tax Act, 196

Treatment of Gifts & Donations under GST

CA Amrita Chattopadhyay 05 July 2018 at 11:11

The taxability and availability of Input Tax Credit on Gifts and donations have always been a matter of discussion and confusion. With the implementation of GST..

General steps involved in Forensic Audit

CA Amrita Chattopadhyay 19 June 2018 at 11:14

Forensic audit has gained lot of importance recently due to rapidly changing landscape in the field of accountancy involving many online components. It has beco..

Why documentation is Important for Auditors?

CA Amrita Chattopadhyay 05 March 2018 at 11:11

In the wake of recent bank scams questions have been raised on the professional standards, quality, and commitments of Chartered Accountants. These allegations..

Cloud computing - A paradigm shift and associated risks

CA Amrita Chattopadhyay 04 October 2017 at 11:26

Cloud computing is one of the most talked about topic in the industry today. Basically cloud computing is internet computing where the cloud is metaphor for int..