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...
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
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
Introduction Navigating the intricacies of internal auditor compliance in the Indian Companies Act is crucial for businesses. Today, I want to shed light on the intricate requirements for appointing internal auditors in Indian companies. In this simplified guide, we’ll address key questions surrounding the appointment of internal auditors, ensuring clarity and understanding. Understanding the Basics Companies […]
Elevate cargo handling operations with a Risk-Based Internal Audit. Our step-by-step guide covers establishing objectives, assembling a skilled audit team, risk assessment, detailed planning, data collection, rigorous testing, comprehensive analysis, findings and recommendations, collaborative management reviews, continuous monitoring, and reporting. Enhance safety, compliance, and efficiency while minimizing risks. A robust internal audit process is crucial for a cargo handling company to meet industry standards, regulatory requirements, and ensure ongoing improvement.
Proposed amendments to Section 138 of Companies Act, 2013 by ICSI. Understand why Company Secretaries are equipped to conduct internal audits.
Objectives & detailed scope of internal audit, including areas like cash management, procurement, compliance, and more. Learn how it enhances organizational integrity and efficiency.
Dive into the comprehensive analysis of risk-based internal auditing, its steps, benefits, and how it aligns with organizational strategies.
