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Significance of SA 500, 330, 240, 315, 450 & 402

Significance of SA 500, 330, 240, 315, 450 & 402 SA 500 – Audit Evidence, SA 315 Risk Assessment Procedure and Related Activities & SA 330 the Auditor’s Responses to Assessed Risks are three most important Standards on Auditing. On detail scrutiny student may come to following conclusion. SA 500 ...

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Audit Procedure & Audit Evidences Notes and Tips

Audit Procedure & Audit Evidences Notes and Tips

Audit Procedure & Audit Evidences Notes and Tips What is Audit Procedure for Obtaining Audit Evidences? Answer : generally in case of big audits or in case of Company Audits, the following steps are followed to obtain Audit Procedures. Risk Assessment Procedured (Discussed in SA 315) Inquiries of the management ...

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Internal Audit Check list for Finance Department

Internal Audit Check list for Finance Department  Internal Audit Check list for Finance Department :- A Stock Check that :- 1 Ageing of FG is done on monthly basis by the stores keeper and authorised by Manager stores 2 Physical verification is done monthly by unit staff 3 Proper classification ...

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Reporting on Fraud by Auditor : Companies Act 2013

Reporting on Fraud by Auditor : Companies Act 2013   Reporting on Fraud by Auditor  As per Section 143(12) of Companies act 2013, If in the course of performance of his duties as auditor, the auditor has reason to believe that an offence involving certain fraud is being or has ...

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Prohibition of Non-audit services : Companies Act 2013

Prohibition of Non-audit services : Companies Act 2013 Prohibition of Non-audit services According to section 144 of Companies act 2013, there is a prohibition on auditor rendering specified non-audit services to the auditee company/ it’s subsidiary/holding. Existing companies to get a transition period till the end of the financial year ...

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What is CAP, FLOOR & Collor

What is CAP, FLOOR & Collor What is CAP, FLOOR & Collor Common points for all three: • These are Over the Counter type of Option derivatives. • These are useful for those who borrow or lend on Floating rate of Interest. I.WHAT is Cap: • Useful for those who ...

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IPCC Auditing and Assurance Study Material Practice Manual for May 2015 Exams

IPCC Auditing and Assurance Study Material Practice Manual for May 2015 Exams Download IPCC Audting and Assurance Study Material Practice Manual for May 2015 Exams. Hey guys today we present you the Latest Study material issued by the Institute of Chartered Accountant of India for its students. By this post ...

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Internal Audit Program Checklist

Internal Audit Program Checklist The Internal Audit Program includes following contents are as under: Vouching Statutory Requirements Ledger Scrutiny B.R.S. (Bank Reconciliation Statement) Cash verification Internal Control System Reconciliation (of others items) Checking of MIS Report System Audit After that the following points were discussed in detail on the each ...

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Major Activities of Finance Department in an organization

Major Activities of Finance Department in an Organisation Today we are sharing with you all the Major Activities of Finance Department in an organization. Major Activities of Finance Department : Receive Invoices. Verify authentication of records. Make entries in Books of Accounts. Payment to vendors as per credit policy Investment of ...

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CA IPCC Audit Notes – Download

Download CA IPCC Audit Notes. Hey Guys we are back with new notes for you at CA IPCC level. Here is Notes for Auditing and assurance for CA IPCC group two. These notes are prepared for revising the whole syllabus in a very short time period. The author has used ...

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