"I am a Chartered Accountant working with a nationalized bank in middle management. "
Explore fraud indicators in PSU and Government contract audits, including billing fraud, bribery, kickbacks, change order abuse, check tampering, and conflicts of interest.
SA 240 addresses misstatements in financial statements arising from fraud or error. Fraud involves intentional acts of deception by management, employees, or third parties for illegal advantage, manifesting as either asset misappropriation (employee fraud) or financial misrepresentation (management fraud).
Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, and evaluation.
Explore the journey of internal auditing from traditional practices to management audits, highlighting its role in business growth, compliance, and operational efficiency.
Explore the distinctions between business and profession, and how sales, turnover, and gross receipts are defined under the Income Tax Act for tax audit purposes.
Ensure your audit documentation aligns with SA 230 principles, laws, and overall audit objectives. Learn the essentials of proper record-keeping and audit evidence.
Explore financial inclusion initiatives in India & their importance in economic development. Learn about schemes, digital payments, & RBI programs for inclusive growth.
Article explains some intricacies and issues surrounding Pre-Shipment Export Finance (PSEF), particularly focusing on Pre-Shipment Export Credit (PSEC) and Running Account Packaging Credit.
Explore world of digital currency, including types like cryptocurrencies and CBDCs, their benefits, and future of digital currencies. Learn how digital currencies are revolutionizing finance.
Explore 10 crucial steps for auditing accounting estimates as per ISA 540 (Revised). Understand risks, controls, and evaluation process in this comprehensive guide.
