CA, CS, CMA : Comprehensive guide on auditing the hotel industry covering applicable laws, revenue generation, expenses, and compliance requirem...
CA, CS, CMA : Learn about SA 706 (Revised) and its guidelines on Emphasis of Matter and Other Matter paragraphs in auditor reports, enhancing cl...
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...
Income Tax : Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including...
CA, CS, CMA : Understand foreign exchange audit: realized and unrealized gains/losses, accounting treatment, examples, and modern technology's r...
CA, CS, CMA : Get expert support on auditing aspects for statutory audits. ICAIs Auditing and Assurance Standards Board (AASB) forms an expert p...
CA, CS, CMA : Discover the catalytic role of audit in enhancing efficiency and effectiveness, as emphasized by the Comptroller and Auditor Gener...
CA, CS, CMA : Explore the essential aspects of audit documentation, its nature, purposes, and compliance requirements. Learn best practices for ...
CA, CS, CMA : Explore the significance of Standard on Auditing 300 in planning and executing financial statement audits. Learn the requirements,...
CA, CS, CMA : Explore the importance of agreeing audit engagement terms, preconditions, responsibilities, and legal considerations. Learn from t...
Service Tax : The High Court in this regard stayed CAG audit of a private limited company providing warehouse and logistical support services in...
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&...
Finance : The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Uni...
Income Tax : and contributed by the assessee to a firm towards capital contribution should be treated as stock in trade even during the course ...
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...
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...
Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...
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...
CA, CS, CMA : Labour Department, Government of Haryana vide its Notification No. 11/38/2016-4Lab dated 10th August, 2016 formulated Third Party ...
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....
An audit is a systematic and independent examination of financial statements, records, and other relevant documentation to provide assurance that they are free from material misstatement. In order to ensure that audits are conducted effectively and efficiently, auditors often use audit checklists and documentation.
Explore the comprehensive procedure and criteria for Chartered Accountant firms to apply as Concurrent Auditors for State Bank of India, including eligibility, submission guidelines, and selection process.
Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business’s working capital and represents the amount of cash that the business can expect to receive in the near future.
Discover the origin, benefits, and legal aspects of Social Audit. Learn about its history in India, objectives, and its significance in various sectors, including MGNREGA and corporate responsibility. Stay informed on the evolving landscape of social accountability and how organizations can contribute positively to society.
Explore the crucial differences between auditing co-operative societies and joint stock companies. Learn about the extensive responsibilities of auditors in co-operative audits, including adherence to statutory rules, valuation, examination of overdue debts, and more. Stay informed about the unique challenges and obligations faced by auditors in the co-operative sector.
EY ban in Germany has sent shockwaves through auditing profession, with EY facing a two-year ban from taking on audits of new public interest entities as a result of its failures as auditor of Wirecard.
Explore the comprehensive study of Audit Planning under ISA 300. Understand the importance of preliminary planning activities, development of audit strategy and plan, changes during the audit, and the role of direction, supervision, and review. Learn about documentation requirements and the special considerations for initial audit engagements and small entities. Stay informed about the changes from previous ISA and the vital role of obtaining knowledge of the entity’s business in risk assessment procedures.
Date : ……… Stock Audit of… Objectives of the Stock Audit To ascertain whether physical stock tally with the stock as per books/stock registers as of ……. To ensure proper internal control over stock management. To ensure proper preservation/storage and handling of stock. To identify whether there exists any obsolete/expired stock & if yes, whether […]
This report summarizes our procedures, findings, and recommendations as it relates to our assistance with the evaluation of bookkeeping, records and internal control irregularities at Company in determining the fraud risk and the amount involved therein.
Learn about audit assertions – the claims that financial statements are fairly represented. Explore transaction-level, account balance, and presentation & disclosure assertions.
