CA, CS, CMA : This explains how internal audit focuses on ongoing risk prevention while forensic accounting investigates suspected fraud. The ke...
Company Law : Learn which companies must appoint internal auditors under Section 138, the eligibility criteria, and the statutory compliance ste...
CA, CS, CMA : Discover how internal auditors use financial management concepts like inventory, cash, and capital management to assess efficiency...
CA, CS, CMA : A practical guide to integrating AI into internal auditing, covering its applications in risk assessment, fieldwork, reporting, an...
CA, CS, CMA : Explore how cost accounting methods enhance internal audit through variance analysis, marginal costing, CVP, and risk-based auditi...
CA, CS, CMA : A public sector bank has invited quotations to appoint external auditors for reviewing its internal audit and compliance functions...
CA, CS, CMA : Discover the latest developments in the engagement of CA firms by PSBs. Explore changes in concurrent audit policies, RBI directiv...
CA, CS, CMA : Proposed amendments to Section 138 of Companies Act, 2013 by ICSI. Understand why Company Secretaries are equipped to conduct inte...
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 ...
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...
Company Law : The issue involved non-compliance with mandatory internal auditor appointment requirements. The authority imposed penalties as the...
Company Law : ROC Mumbai held that once delay in appointing an Internal Auditor was compounded by the Regional Director and default rectified, n...
Company Law : ROC Chennai held that listed companies must appoint an internal auditor under Section 138. Non-compliance over multiple years resu...
Company Law : The adjudicating authority held that non-appointment of an internal auditor despite crossing the statutory turnover threshold viol...
Company Law : The appeal was dismissed as no documentary evidence of internal auditor appointment was produced. The key takeaway is that statuto...
A practical guide to integrating AI into internal auditing, covering its applications in risk assessment, fieldwork, reporting, and continuous monitoring for efficiency.
Explore how cost accounting methods enhance internal audit through variance analysis, marginal costing, CVP, and risk-based auditing strategies.
Learn how to prepare an effective internal audit report that goes beyond compliance to add value. The guide covers structure, key components, and reporting techniques.
ROC Cuttack imposes penalties on Hari Machines Ltd. and its directors for violating the Companies Act by failing to appoint an internal auditor from the financial year 2015-16 onwards.
Learn the 8-step process for conducting IFC testing, from identifying key business processes to documenting findings, to ensure financial transparency and compliance.
Internal Audit has shifted from compliance to value creation. Learn how proactive auditors, auditee participation, structured planning, and clear communication drive effective internal audit.
Key controls for inventory valuation in Oracle Fusion: compliance, quality testing, and accurate reporting to avoid discrepancies and ensure proper inventory management.
Konoria Plaschem faced penalties for failing to appoint an internal auditor from 2014-2020. The fine was reduced on appeal. Read the case details.
Learn about internal audit obligations under Section 138 of the Companies Act, 2013, including criteria, auditors, and penalties for non-compliance.
Understand the importance and role of internal audit in strengthening corporate governance, risk management, and internal controls in organizations.
