Corporate Law : AI is reshaping internal audit by replacing manual testing with continuous risk monitoring and automated analysis. The key takeawa...
Company Law : Private limited companies with turnover above ₹200 crore or borrowings exceeding ₹100 crore must appoint an internal auditor u...
CA, CS, CMA : This article explains how risk-based internal audit prioritises high-impact business areas over routine verification. It highlight...
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 : 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 : ROC Delhi imposed penalties under Section 450 after a company failed to appoint an internal auditor despite crossing prescribed fi...
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...
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.
Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, and evaluation.
The COSO Framework helps organizations design and assess internal controls, enhancing risk management and compliance through five key components.
Explore the journey of internal auditing from traditional practices to management audits, highlighting its role in business growth, compliance, and operational efficiency.
Understand Section 128 of the Companies Act 2013 on book maintenance, penalties, and the importance of internal auditors in enhancing company operations.
Learn how to apply the 5W1H method in internal audits to improve accuracy, identify issues, and streamline processes. Enhance your audit effectiveness today!
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.
