CAclubindia Articles

Implications of New Cost Audit Rules on CMA's

Posted by Kapil Kaushik 23 January 2015 28631 Views

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Cost Records and Audit) Rules, 201

The challenges in auditing SAP

Posted by Hari Iyer CA, MBA, CISA, FCPA 23 January 2015 35059 Views

Many businesses use SAP application to help them plan their resources and activities. Its flexibility and range makes it a challenge to audit. Hari Iyer offers some advice: SAP is highly configurable and implementations often vary, even within variou

Comparison of IND AS 1 and existing AS 1

Posted by Aadarsh Gupta 23 January 2015 41042 Views

Accounting Standard 1 i.e. Disclosure of Accounting Policies deals with disclosure of significant accounting policies followed in preparing and presenting financial statements whereas IND AS 1 i.e. Presentation of Financial State

ERP Programme Assurance

Posted by Hari Iyer CA, MBA, CISA, FCPA 22 January 2015 17554 Views

ERP programme assurance key to saving moneyBy Hari IyerThe mantra for every senior management is to ensure that every penny counts in the management of their company. Instead of looking for various cost saving measures, one could increase the return

GST: Things you Need To Know

Posted by Damandeep Singh 22 January 2015 52708 Views

One of the major Indirect Tax reforms that India is going to face is in form of Goods & Services Tax (GST), which will replace the current Multiple Indirect Tax regime. GST is being debated over in India for about more than a decade and it has go

HRA: An effective tax planning tool

Posted by kunal 22 January 2015 26444 Views

IntroductionAccording to Section 14 of Income Tax Act, 1961, the income of a person is classified under various defined heads of income. Thus, for the purpose of computation of total income, the income is first categorized under the heads of income a

Exam Results: Kahin Khushi Kahin Gham

Posted by Nimish Goel 21 January 2015 36770 Views

I write this article on 20th January 2015, one day after the CA Final results were declared. As with any result there were moments of ecstasy on one side and then there were also the moments of sorrow and crying for those who didn't clear. Thos

9 Steps for conducting audit

Posted by CA Vishal Sharma 21 January 2015 48021 Views

In our routine work of audit we facing lots of problems but the question arise how to deal these problems nobody knows. Every article knows to conduct the audit but the question is how to start it and what should be the steps to be taken for conduct

CA Pass - CA Fail

Posted by CA KiranKumar.K 21 January 2015 50008 Views

Congratulations to all those who cleared CA exams and entering in to the members world. All the best to those who could not clear this time, but I am sure they can fly with colors in the next attempt. This is the time we often

5 Easy steps to convert Private Limited Company into LLP

Posted by JOY SHARMA 21 January 2015 24060 Views

5 Easy steps to convert Private Limited Company into LLP .STEP 1:- Decide PartnersAs only members can be the partners of proposed LLP. At least 2 partners should be designated partner. In case of Body Corporate who was the member of