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...
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.
Explore the NSEL internal audit case, uncovering gaps in compliance, fraudulent practices, and the crucial lessons learned for corporate governance and regulatory reform.
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.
Learn how to conduct an internal audit on scrap metal and materials, ensuring compliance, efficiency, and accuracy with a comprehensive checklist.
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
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.
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
Explore pivotal relationship between Audit Committees and Internal Audit Departments. Learn roles, oversight responsibilities and key questions for effective collaboration.
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!
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
