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Tag Archives: Auditing

Checklist for Statutory Audit of Banks

Things to check when you are on a Bank Audit

Checklist for Statutory Audit of Banks, Check Complete Check List for Doing Audit of Banks. Downlaod Checklist For Bank Audits. Use this check list for Doing Statutory Audit of Banks. Now you can scroll down below n check complete list of  “Checklist for Statutory Audit of Banks” Checklist for Statutory Audit of Banks Call for the following information / records / details …

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What Every Statutory Branch Auditor of a Bank Should Do

What Every Statutory Branch Auditor of a Bank Should Do

What Every Statutory Branch Auditor of a Bank Should Do. This article is an attempt to suggest some critical basics – minimum must do’s – addressing these requirements, to be taken into account by the auditors in their statutory bank branch audits. Now check more details for “What Every Statutory Branch Auditor of a Bank Should Do” from below…. What Every …

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Corporate Frauds and Auditors Responsibility

Corporate Frauds and Auditors Responsibility

Corporate Frauds and Auditors Responsibility , The Companies Act, 2013, has introduced several new reporting requirements for statutory auditors. Section 143(12) requires statutory auditors to report to the government about frauds/suspected fraud committed against the company by the officers or employees of the company. The ministry of corporate affairs has also introduced the Companies (Auditor’s Report) Order, 2015, which also …

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Punishment for fraud under Companies Act

Punishment for fraud under Companies Act

Punishment for fraud under Companies Act, Section 447 deals with the provision related to punishment for fraud. It says: ‘Without prejudice to any liability including repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term …

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Fraud reporting under Companies Act

Fraud reporting under Companies Act

Fraud reporting under Companies Act The new act has given a lot of responsibility on the auditor to report frauds to the board of directors and the government. It means that even for a small fraud in any large multi-location enterprise, the onus would be on the concerned chartered account, or cost and management accountant to report frauds. The provision has …

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Audit Program – A Detailed Audit Program with Sample Draft

Audit Program - A Detailed Audit Program

Audit Program – A Detailed Audit Program with Sample Draft, Check A Detailed Audit Program for CA Articles Assistance and Professionals. An audit program consists of an appropriate audit procedure to achieve audit objectives.In this article you can find everything you want to know about for Audit Program like – A detailed audit program, Audit Assertions, How to start audit at client office, …

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Audit Program for In depth Scrutiny of Ledgers

Audit Program for In depth Scrutiny of Ledgers CAknowledge

Audit Program for In depth Scrutiny of Ledgers. Check Compete Audit Program for Scrutiny of  Various Ledgers like – Scrutiny of Debtors, Scrutiny of Creditors, Scrutiny of Fixed Assets and Depreciation, Scrutiny of Fixed Deposits, Scrutiny of Secured loans/Term loans/Cash Credit, Director’s Account Scrutiny, Scrutiny of Other Assets, Scrutiny of Investments, Scrutiny of Loans and Advances Given etc. Now you can scroll down …

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Audit Program for Vouching and verification of Transaction

Audit Program for Vouching and verification of Transaction

Audit Program for Vouching and verification of Transaction, Find Complete audit Program for Vouching and How to Verify of all Transaction, In this article you can find Complete audit program for Vouching and verification of Transaction like – Audit Program for Purchases and Sales, Checking of Bank reconciliation, Confirmation of Balances, Audit program for Journal Vouchers, Advance to Employees, Check the Cash/Bank transactions. …

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Auditor’s Report on Consolidated Financial Statements

Auditor’s Report on Consolidated Financial Statements

Auditor’s Report on Consolidated Financial Statements, While reporting on the consolidated financial statements (CFS) of a company under the Companies Act, 2013, the auditors may seek guidance from the illustrative formats of the auditor’s report on standalone financial statements of a company as issued by the Auditing and Assurance Standards Board (herein after referred as AASB) of the ICAI and …

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