CA, CS, CMA : Key controls for inventory valuation in Oracle Fusion: compliance, quality testing, and accurate reporting to avoid discrepancies ...
Company Law : Learn about internal audit obligations under Section 138 of the Companies Act, 2013, including criteria, auditors, and penalties f...
CA, CS, CMA : Understand the importance and role of internal audit in strengthening corporate governance, risk management, and internal controls...
CA, CS, CMA : Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, ...
CA, CS, CMA : The COSO Framework helps organizations design and assess internal controls, enhancing risk management and compliance through five ...
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...
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...
Company Law : Tanman Jewels Private Limited penalized for not appointing an internal auditor. Know the penalty details and implications....
Company Law : Government imposes a penalty of ₹2.5 lakh on Systematix Securities Ltd for not appointing an internal auditor during FY 2022-23,...
Company Law : Read the adjudication order on Kudos Finance & Investments Private Limited as MCA imposes a penalty of Rs. 4.50 lakh for violating...
Company Law : MCA imposed penalties on Muthootu Mini Nidhi Limited for non-compliance with provisions of Section 138 of Companies Act, 2013. Pen...
Company Law : ROC Hyderabad penalizes Thrissur Expressway Limited and its officers Rs. 3.75 Lakhs for not appointing an internal auditor, violat...
Explore the vital role of internal audit in safeguarding data security. Learn how auditors assess controls, identify threats, ensure compliance, and provide recommendations for enhancing data security measures.
Explore the evolution of internal audit in India, its strategic role, and the emphasis on risk management, governance, technology, and sustainability. Learn effective strategies for risk mitigation.
Firm of Chartered Accountants cannot accept branch Audit of the Bank if one of the partners has taken the loan from any branch of that bank. The members should not place themselves in position which would either compromise or jeopardize their independence.
The concurrent Auditor of a Branch can undertake the assignment of LFAR only with respect to Branches which are not subject to Statutory Audit. With respect to Branches which are subject to Statutory Audit, the LFAR assignment shall be undertaken by the Statutory Auditor.
Nowadays, businesses around the world are transitioning to new and improved models. Learn more about the challenges & opportunities and explore global trend in internal audit positions.
Explore the significance of internal audit in day-to-day operations under the Companies Act, 2013. Learn about applicability, qualifications, types, and penalties for non-compliance with FAQs.
Explore the intricacies of Internal Financial Controls Over Financial Reporting (IFC) through an empirical lens, focusing on Series 7—Budget & MIS. Understand statutory sections u/s 134, 143, 177 of the Companies Act, 2013, delving into the essence of HR worker & staff processes. Unlock insights into planning, budgeting, and MIS, emphasizing their importance and effective implementation.
Explore how Costing Lens in Internal Audit can prevent fraud related to the use of poor-quality material in the manufacturing sector. Discover key checks, including input-output ratios, wastage/scrap ratios, process time analysis, and machine efficiency impact. Learn how to identify and address quality-related challenges to optimize efficiency and reduce costs.
Discover the significance of Internal Control in managing risks and achieving organizational objectives. Learn about the proactive approach that balances risk and control, its features, and the benefits it provides. Explore the components of Internal Control, including administrative and financial controls. Uncover the importance of Internal Controls in preventing fraud, ensuring compliance, and improving operational efficiency.
Understand the importance of internal financial controls over financial reporting, specifically focusing on inventory and scrap process in Series 6.
