CAclubindia Articles

"The Audit Landscape: 2001-2007" -ABROAD

riya 18 September 2007 at 21:51

Big Four Audit Firms Feel the Effects of Post SOX Inroads As Audit Fees SkyrocketThe Corporate Library today has released summary findings from its seminal study of the changes in the audit industry post Sarbanes-Oxley. In-depth analysis and data und

HOUSING SOCIETIES TRANSFER FEES TAXABLE

CMA Gul S 17 September 2007 at 22:43

HOUSING SOCIETIES in the city that disputed the applicability of income tax on transfer fees - collected by a society when a flat is sold by a member - may have to pay up. The Income-Tax (I-T) Department has begun issuing notices to such housing soci

Period of Preservation of Accounts

CMA Gul S 17 September 2007 at 22:43

Central ExciseDaily Stock Account of goods produced must be maintained for 5 years immediately after the financial year to which such records pertain Maharashtra Value Added Tax Rules Every Registered Dealer must preserve all books of account, regis

Case study on IS Audit

Ravi Satpal 16 September 2007 at 01:16

Case study on IS Audit You are chartered accountant in practice who has recently passed the ISA Exam. Your firm has received an inquiry from a Public Sector Bank for submitting a proposal for IS Audit. Key highlights of the inquiry are:Software Packa

Identifying Risk

CA Nikita 15 September 2007 at 15:07

Identifying RiskBy Kallman, James Creating a risk management program is a critical prerequisite to measuring risk. But once we have a clear understanding of our organization's goals, the risk associates who will help and the standard operating

Do's & don'ts of working with Auditoes

CA Nikita 15 September 2007 at 15:05

The Do's and Don'ts of Working with Auditors by Carol WoodburySOX, PCI, ISO.. You're going to have to work with auditors eventually. Whether you're working with an auditor who's performing an internal \nor external Sarbanes-Oxley (SOX) audit, a Paymen