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Audit

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Auditing Hotel Industry: Laws, Revenue, Expenses & Compliance

CA, CS, CMA : Comprehensive guide on auditing the hotel industry covering applicable laws, revenue generation, expenses, and compliance requirem...

July 4, 2024 1209 Views 0 comment Print

SA 706 (Revised): Emphasis of Matter & Other Matter Paragraphs in Auditor’s Report

CA, CS, CMA : Learn about SA 706 (Revised) and its guidelines on Emphasis of Matter and Other Matter paragraphs in auditor reports, enhancing cl...

June 22, 2024 2757 Views 0 comment Print

Audit Manual for Small & Medium Enterprises (SME) for Financial Year 2023-24

CA, CS, CMA : Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download edi...

June 13, 2024 6798 Views 0 comment Print

Audit Requirements & Criterion for Business & Profession (Section 44AB) Assessment Year 2024-24

Income Tax : Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including...

June 7, 2024 41229 Views 0 comment Print

Audit of Foreign Exchange Transactions

CA, CS, CMA : Understand foreign exchange audit: realized and unrealized gains/losses, accounting treatment, examples, and modern technology's r...

April 11, 2024 6294 Views 0 comment Print


Latest News


Expert Panel for Addressing queries related to Statutory Audit

CA, CS, CMA : Get expert support on auditing aspects for statutory audits. ICAIs Auditing and Assurance Standards Board (AASB) forms an expert p...

April 11, 2024 1662 Views 0 comment Print

Audit Plays Catalytic Role in Promoting Efficiency and Effectiveness: CAG

CA, CS, CMA : Discover the catalytic role of audit in enhancing efficiency and effectiveness, as emphasized by the Comptroller and Auditor Gener...

March 19, 2024 195 Views 0 comment Print

Exposure Draft SA 230 Audit Documentation

CA, CS, CMA : Explore the essential aspects of audit documentation, its nature, purposes, and compliance requirements. Learn best practices for ...

November 24, 2023 1710 Views 0 comment Print

Exposure Draft of SA 300: Planning an Audit of Financial Statements

CA, CS, CMA : Explore the significance of Standard on Auditing 300 in planning and executing financial statement audits. Learn the requirements,...

November 24, 2023 2154 Views 0 comment Print

Draft Standard on Auditing 210 Agreeing the Terms of Audit Engagements

CA, CS, CMA : Explore the importance of agreeing audit engagement terms, preconditions, responsibilities, and legal considerations. Learn from t...

November 24, 2023 1050 Views 0 comment Print


Latest Judiciary


CAG cannot carry compulsory service tax audit of private agencies after GST

Service Tax : The High Court in this regard stayed CAG audit of a private limited company providing warehouse and logistical support services in...

October 17, 2020 1923 Views 0 comment Print

Gujarat High Court stays Service Tax Audit under Rule 5A by CAG

Service Tax : Gujarat High Court granted stay on conducting audit of records of taxpayers under 5A of Service Tax Rules, 1994, by Officers of C&...

October 18, 2018 8340 Views 1 comment Print

CAG can audit Pvt. Companies if Govt Revenue is in question

Finance : The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Uni...

January 7, 2014 6154 Views 0 comment Print

Surplus arising to a partner from transaction of contribution of land held by it to a firm as capital contribution shall be taxable u/s 45

Income Tax : and contributed by the assessee to a firm towards capital contribution should be treated as stock in trade even during the course ...

January 24, 2010 2639 Views 0 comment Print

Deductibility of premium on forward contracts in the year of entering into such contracts

Income Tax : The Delhi High Court (HC) [2010-TIOL­42-HC-DEL-IT] in the case of CIT v. Industrial Finance Corporation of India (Taxpayer) which...

January 21, 2010 5600 Views 0 comment Print


Latest Notifications


Framework for conducting Joint Audit by CGST and SGST officers

Goods and Services Tax : Learn about the latest directive from the Ministry of Finance regarding joint audits by CGST and SGST officers. Understand the fra...

April 3, 2024 1350 Views 0 comment Print

NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...

June 26, 2023 10326 Views 0 comment Print

Regulations on Audit and Accounts (Amendments) 2020

CA, CS, CMA : (1) These Regulations may be called Regulations on Audit and Accounts (Amendments) 2020 (2) They shall come into force on the date...

August 20, 2020 10386 Views 0 comment Print

Practising CS can do Third Party Certification Audits in Haryana

CA, CS, CMA : Labour Department, Government of Haryana vide its Notification No. 11/38/2016-4Lab dated 10th August, 2016 formulated Third Party ...

September 9, 2016 7027 Views 0 comment Print

RBI issues revised guideline on Concurrent Audit System in Commercial Banks

Fema / RBI : As you are aware, guidelines on 'concurrent audit system in commercial banks' were issued by us vide our circular DOS.No.BC.16/08....

July 16, 2015 3382 Views 0 comment Print


Basics of Auditing: Some Important Ratios for Auditor

December 4, 2023 22107 Views 0 comment Print

Auditors: Learn about the Basics of Auditing and some Important Ratios to understand the changes in business conditions. Get the facts from our post!

Professional Skepticism in Auditing: Third Eye of Auditor

December 1, 2023 2457 Views 2 comments Print

Explore the significance of professional skepticism in auditing, its application, and the need for effective documentation. Understand its role in enhancing audit quality.”

Exposure Draft SA 230 Audit Documentation

November 24, 2023 1710 Views 0 comment Print

Explore the essential aspects of audit documentation, its nature, purposes, and compliance requirements. Learn best practices for effective preparation, retention, and assembly

Exposure Draft of SA 300: Planning an Audit of Financial Statements

November 24, 2023 2154 Views 0 comment Print

Explore the significance of Standard on Auditing 300 in planning and executing financial statement audits. Learn the requirements, strategies, and considerations

Draft Standard on Auditing 210 Agreeing the Terms of Audit Engagements

November 24, 2023 1050 Views 0 comment Print

Explore the importance of agreeing audit engagement terms, preconditions, responsibilities, and legal considerations. Learn from the comprehensive analysis

Draft Standard on Auditing 220 Quality Control for Audit of Financial Statements

November 24, 2023 1233 Views 0 comment Print

Explore the Standard on Auditing (SA) focusing on auditor responsibilities and quality control procedures for financial statement audits. Learn about leadership, ethics, and engagement performance

Intricacies of Operational Audit: Join Our Exclusive Webinar on November 18, 2023!

November 16, 2023 4122 Views 0 comment Print

Join our live webinar on Operational Audit, Nov 18, 1.30 pm IST, YouTube Live. Explore key components, real-world examples, and untapped opportunities. Register now!

Auditors in India: Roles, Regulations, and Responsibilities

November 7, 2023 4200 Views 0 comment Print

Discover the crucial role of auditors in India, from financial statement examination to compliance verification. Learn about regulations and career paths.

Redefining Auditing: The Secret Power of In-House Accountants & Auditors

October 30, 2023 870 Views 0 comment Print

Discover how in-house accountants and auditors in India are reshaping financial practices with cost-efficiency, regulatory adaptability, and data security, explained by Mr. Raj Doshi, a Fellow CA.

How to manage enterprise’s financial risks, controls and audits efficiently

September 16, 2023 621 Views 0 comment Print

Discover effective strategies for managing an enterprise’s financial risks, controls, and audits. Learn the importance of identifying and mitigating financial risks, implementing robust internal controls, and conducting regular audits for transparency and accountability. Establish a comprehensive framework supported by strong leadership, clear policies, and competent professionals. Explore collaboration with external experts to enhance risk management and stay informed about emerging industry practices. Safeguard your financial health and ensure long-term stability through proactive financial governance.

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