Internal Audit

According to Accounting Standards 200 (SA 200), basic principles of auditing or the basic principles governing an audit describe the basic principles which...

Both the terms Audit Report and Audit Certificate have been used a lot in common parlance and often used interchangeable. However, there exists a lot of di...

Introduction   Confusion always looms over the difference between internal audit and statutory audit in terms of the appointment of auditors, the...

Introduction   All the organizations want safety of their organizations for which they appoint an internal audit team as an integral part of thei...

What comes to your mind when we talk about audit. Some may think of it as a painful and gruelling session to uncover mismanagement. But that can be mislead...

While planning for an audit, it requires establishing an overall audit strategy for engaging and developing an audit plan. The auditor’s role is to devis...

The Companies Act, 2013 under Section 138, states that a class or classes of companies as prescribed would be required to appoint an internal auditor who w...

DAAB (Digital Accounting and Assurance Board) constituted by ICAI to find a solution of all the issues arising regarding the valuation and internal audit i...

With the lack of a standardized process for forensic accounting and investigation, the Institute of Chartered Accountants of India[1] is developing the fir...

A fraud risk assessment is used by management to identify and understand risks in its business. It also checks and controls the weaknesses that can cause a...

Internal Audit is an Independent function carried out by the Internal auditor which involves the risk management, continuous monitoring, accounting, Corpor...