CA, CS, CMA : Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, ...
CA, CS, CMA : Explore a sample format for creditors confirmations, crucial for auditing to validate balances. Learn about positive confirmation ...
Finance : Any Check/Procedure/Action developed in Business Organizations with an intent to safeguard assets/reduce chances of fraud and erro...
CA, CS, CMA : SA 701 & SA 570: Auditor special considerations with respect to covid-19 pandemic In light of the corona virus pandemic variou...
CA, CS, CMA : Internal auditors strive to identify audit issues and report them to the Governing bodies/Audit Committees, however, many times su...
CA, CS, CMA : The term Those Charged with Governance (TCWG) refers to either an individual, or a body of individuals, or a separate legal entity...
CA, CS, CMA : Compliance is a key concept in Internal Audit and this Standard seeks to clarify both, the concept and the responsibility of the I...
CA, CS, CMA : Governance is a key concept in Internal Audit and this Standard seeks to clarify both, the concept and the responsibility of the I...
Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, and evaluation.
Explore a sample format for creditors confirmations, crucial for auditing to validate balances. Learn about positive confirmation requests and get insights on illustrative letters for creditors, ensuring accuracy in financial records. Optimize your audit processes with this comprehensive guide.
Any Check/Procedure/Action developed in Business Organizations with an intent to safeguard assets/reduce chances of fraud and errors/ generation of reliable financial Information are called Internal Control Systems.
SA 701 & SA 570: Auditor special considerations with respect to covid-19 pandemic In light of the corona virus pandemic various tragedies and sufferings are currently faced by the community and there is also economic slowdown having significant impact on the economy resulting in halt down the GDP of the country, the users of the […]
Internal auditors strive to identify audit issues and report them to the Governing bodies/Audit Committees, however, many times such issues are placed on the back burner by the Governing authorities as time elapses and new priorities emerge.
The Institute of Chartered Accountants of India (ICAI) has recently issued exposure draft on Standard of Internal Audit (SIA)- 150- ‘Compliance with laws and Regulations’. Here in this article we would briefly understand the Internal Auditor’s Responsibility with regard to Compliance with Laws and Regulations.
Definition:- Internal audit provides independent assurance on the effectiveness of internal controls and risk management processes to enhance governance and achieve organisational objectives What is key terms/features of Internal Audit Independence: Internal audit shall be an independent function, achieved through the position, organization structure and reporting of the internal auditor. An internal auditor is expected […]
The term Those Charged with Governance (TCWG) refers to either an individual, or a body of individuals, or a separate legal entity with the responsibility for overseeing the strategic direction and accountability of the organisation.
Compliance is a key concept in Internal Audit and this Standard seeks to clarify both, the concept and the responsibility of the Internal Auditor, Management and other Stakeholders, with respect to Compliance with Laws and Regulations (CLR), in line with their professional obligations.
Governance is a key concept in Internal Audit and this Standard seeks to clarify both, the concept and the responsibility of the Internal Auditor, Management, and other Stakeholders, with respect to governance, keeping in mind their legal, regulatory, and professional obligations.
