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Internal Audit

Latest Articles


Future trends of Internal audit

CA, CS, CMA : Explore the evolving landscape of internal audit with trends like privacy compliance, third-party risk management, company culture...

July 2, 2024 717 Views 0 comment Print

Shoring Up Your Forecasts: How Internal Controls Strengthen Financial Planning And Analysis

CA, CS, CMA : Strengthen your financial planning and analysis with internal controls. Ensure accuracy, reliability, and strategic decision-makin...

June 1, 2024 4833 Views 0 comment Print

Internal Audit’s role in managing disruption in an organization

CA, CS, CMA : Discover how internal audits play a crucial role in identifying and managing disruptions within organizations, ensuring smooth and...

May 21, 2024 696 Views 0 comment Print

Mandatory Appointment of Internal Auditor: Section 138 Companies Act 2013

Company Law : Understand the mandate of appointing internal auditors as per Section 138 of the Companies Act 2013. Explore the criteria for mand...

May 17, 2024 2145 Views 0 comment Print

Case Study on Internal Audit Case of NSEL

CA, CS, CMA : Explore the NSEL internal audit case, uncovering gaps in compliance, fraudulent practices, and the crucial lessons learned for cor...

April 3, 2024 1158 Views 1 comment Print


Latest News


CA Firms Engagement in PSBs: Recent Changes and Trends

CA, CS, CMA : Discover the latest developments in the engagement of CA firms by PSBs. Explore changes in concurrent audit policies, RBI directiv...

December 5, 2023 1299 Views 0 comment Print

Allow company Secretaries to do Internal Audit of Companies under Section 138: ICSI

CA, CS, CMA : Proposed amendments to Section 138 of Companies Act, 2013 by ICSI. Understand why Company Secretaries are equipped to conduct inte...

September 8, 2023 33792 Views 1 comment Print

FAQs: Professional ethics of members pertaining to Bank Assignments

CA, CS, CMA : Firm of Chartered Accountants cannot accept branch Audit of the Bank if one of the partners has taken the loan from any branch of ...

April 10, 2023 9552 Views 0 comment Print

ICAI clarifies on LFAR & Certification by Concurrent/Internal Auditor

CA, CS, CMA : The concurrent Auditor of a Branch can undertake the assignment of LFAR only with respect to Branches which are not subject to Sta...

April 10, 2023 7752 Views 0 comment Print

PFRDA to Appoint CA/CMA firm as Internal Auditor

CA, CS, CMA : Request for Proposal for Appointment of Chartered Accountant/Cost Accountants Firm as Internal Auditor of PFRDA for the F.Y.2021-2...

September 27, 2021 1341 Views 0 comment Print


Latest Notifications


MCA Imposes Penalty for Section 138 Violation: Internal Auditor not Appointed

Company Law : Tanman Jewels Private Limited penalized for not appointing an internal auditor. Know the penalty details and implications....

May 27, 2024 699 Views 0 comment Print

Non-appointment of Internal Auditor: MCA imposes ₹2.5 Lakh Penalty

Company Law : Government imposes a penalty of ₹2.5 lakh on Systematix Securities Ltd for not appointing an internal auditor during FY 2022-23,...

April 4, 2024 1122 Views 0 comment Print

Company Failed to Appoint Internal Auditor: MCA imposes Penalty of Rs. 4.50 Lakh

Company Law : Read the adjudication order on Kudos Finance & Investments Private Limited as MCA imposes a penalty of Rs. 4.50 lakh for violating...

February 9, 2024 399 Views 0 comment Print

Non-appointment of Internal Auditor (Section 138(1): MCA Imposes Penalty

Company Law : MCA imposed penalties on Muthootu Mini Nidhi Limited for non-compliance with provisions of Section 138 of Companies Act, 2013. Pen...

November 9, 2023 22227 Views 0 comment Print

Risk Based Internal Audit (RBIA) in NBFCs/UCBs

Fema / RBI : An independent and effective internal audit function in a financial entity provides vital assurance to the Board and its senior ma...

February 3, 2021 6039 Views 0 comment Print


Latest Posts in Internal Audit

Future trends of Internal audit

July 2, 2024 717 Views 0 comment Print

Explore the evolving landscape of internal audit with trends like privacy compliance, third-party risk management, company culture evaluation, and more. Learn how these trends shape the future of auditing.

Shoring Up Your Forecasts: How Internal Controls Strengthen Financial Planning And Analysis

June 1, 2024 4833 Views 0 comment Print

Strengthen your financial planning and analysis with internal controls. Ensure accuracy, reliability, and strategic decision-making in FP&A reports. Learn best practices now!

MCA Imposes Penalty for Section 138 Violation: Internal Auditor not Appointed

May 27, 2024 699 Views 0 comment Print

Tanman Jewels Private Limited penalized for not appointing an internal auditor. Know the penalty details and implications.

Internal Audit’s role in managing disruption in an organization

May 21, 2024 696 Views 0 comment Print

Discover how internal audits play a crucial role in identifying and managing disruptions within organizations, ensuring smooth and efficient operations.

Mandatory Appointment of Internal Auditor: Section 138 Companies Act 2013

May 17, 2024 2145 Views 0 comment Print

Understand the mandate of appointing internal auditors as per Section 138 of the Companies Act 2013. Explore the criteria for mandatory appointment and the procedural requirements.

Non-appointment of Internal Auditor: MCA imposes ₹2.5 Lakh Penalty

April 4, 2024 1122 Views 0 comment Print

Government imposes a penalty of ₹2.5 lakh on Systematix Securities Ltd for not appointing an internal auditor during FY 2022-23, violating the Companies Act, 2013.

Case Study on Internal Audit Case of NSEL

April 3, 2024 1158 Views 1 comment Print

Explore the NSEL internal audit case, uncovering gaps in compliance, fraudulent practices, and the crucial lessons learned for corporate governance and regulatory reform.

Evolving Role of Internal Auditors (IA) in NBFC Risk Management

March 13, 2024 1152 Views 0 comment Print

Explore the changing landscape of internal audit roles in Non-Banking Financial Companies (NBFCs), regulatory shifts, and their impact on risk management and governance. Learn about recent policy changes and their implications.

Tips for Internal Audit for scrap metal and other materials from different sections of manufacturing unit

February 13, 2024 1482 Views 0 comment Print

Learn how to conduct an internal audit on scrap metal and materials, ensuring compliance, efficiency, and accuracy with a comprehensive checklist.

Company Failed to Appoint Internal Auditor: MCA imposes Penalty of Rs. 4.50 Lakh

February 9, 2024 399 Views 0 comment Print

Read the adjudication order on Kudos Finance & Investments Private Limited as MCA imposes a penalty of Rs. 4.50 lakh for violating Companies Act rules. Details on the penalty, violation, and appeal process

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