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Internal Audit

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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 903 Views 1 comment Print

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

CA, CS, CMA : Explore the changing landscape of internal audit roles in Non-Banking Financial Companies (NBFCs), regulatory shifts, and their im...

March 13, 2024 366 Views 0 comment Print

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

CA, CS, CMA : Learn how to conduct an internal audit on scrap metal and materials, ensuring compliance, efficiency, and accuracy with a comprehe...

February 13, 2024 765 Views 0 comment Print

How to Check Purchase/Procurement Expenses & Process Simplification

CA, CS, CMA : In this comprehensive article, the author unveils a strategic checklist tailored for navigating the intricate landscape of purchas...

January 27, 2024 2073 Views 0 comment Print

Internal Audit: Freight Expenses Checklist & Process Simplification

CA, CS, CMA : Unlock the secrets of internal audit for freight expenses with CA. Ramanujan Sharma's insightful checklist. From onboarding vendor...

December 28, 2023 6741 Views 0 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 1209 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 33339 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 8742 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 7536 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 1323 Views 0 comment Print


Latest Notifications


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 327 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 21810 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 5742 Views 0 comment Print

Internal Audit Procedure of Registration Process of Charitable Trusts

Income Tax : It has been recommended by the Hon'ble Public Accounts Committee that the process of the Registration Process of Charitable Trusts...

December 14, 2018 3315 Views 0 comment Print

SEBI circular on Internal Audit for Credit Rating Agencies

SEBI : It is clarified that for the half-year October 2009 - March 2010, the CRA shall receive the report of the internal audit by May 31...

January 6, 2010 807 Views 0 comment Print


Latest Posts in Internal Audit

Case Study on Internal Audit Case of NSEL

April 3, 2024 903 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 366 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 765 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 327 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

How to Check Purchase/Procurement Expenses & Process Simplification

January 27, 2024 2073 Views 0 comment Print

In this comprehensive article, the author unveils a strategic checklist tailored for navigating the intricate landscape of purchase-related transactions within the internal audit function.

Internal Audit: Freight Expenses Checklist & Process Simplification

December 28, 2023 6741 Views 0 comment Print

Unlock the secrets of internal audit for freight expenses with CA. Ramanujan Sharma’s insightful checklist. From onboarding vendors to expense booking precision, dive into the details for efficient and compliant operations. Read the article for comprehensive guidance. Disclaimer: Information provided is for general purposes, and readers should verify details independently

What Audit Committees are looking for Internal Audit Departments!!!

December 22, 2023 816 Views 0 comment Print

Explore pivotal relationship between Audit Committees and Internal Audit Departments. Learn roles, oversight responsibilities and key questions for effective collaboration.

RBI Guideline for Internal Audit of Banks

December 11, 2023 1851 Views 0 comment Print

Discover what RBI Guideline for Internal Audit of Banks is and why organisations rely on it. Internal audit provides assurance on the effectiveness of internal controls and risk management processes for the bank’s system of governance. Know more!

CA Firms Engagement in PSBs: Recent Changes and Trends

December 5, 2023 1209 Views 0 comment Print

Discover the latest developments in the engagement of CA firms by PSBs. Explore changes in concurrent audit policies, RBI directives, and the number of firms involved over the past 3 years

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

November 9, 2023 21810 Views 0 comment Print

MCA imposed penalties on Muthootu Mini Nidhi Limited for non-compliance with provisions of Section 138 of Companies Act, 2013. Penalties are a result of company’s failure to appoint an internal auditor