Table of Contents Overview Applicability of CARO 2020 Detailed Reporting under each clause of CARO 2020 Overview The Ministry of Corporate Affairs (MCA) has announced a new format of statutory audits of companies. The MCA has notified Companies (Auditor’s Report) Order, 2020 on 25 February 2020 (CARO 2020). The order (CARO 2020) replaces the earlier […]
Companies (Auditor’s Report) Order, 2020(CARO,2020) Read More »
Table of Contents Introduction Importance of Auditing Limitation of Audit Advantages and Limitations of Different Types of Audits Management Audit Performance Audit Secretarial Audit Transfer Pricing Audit Information System Audit Forensic Audit CSR Audit Operational Audit Cost Audit Internal Audit Statutory Audit Tax Audit GST Audit Conclusion Introduction For checking of financial statements of any
Table of Contents Introduction Objectives of the Auditing Standard Role of International Auditing and Assurance Standards Board Role of Auditing and Assurance Standard Board Classification of the SAs Conclusion Introduction As we know that checking and verification of financial information by an authorized auditor is known as auditing which assures the reliability and authenticity of
Overview of Standards on Auditing (SAs) Read More »
Table of Contents Introduction History and Evolution of Auditing Meaning of Auditing Scope of Audit Objectives of Auditing Types of Audits Introduction As it is well known that business organizations began to grow during the industrial revolution, not just in India but globally, and because of globalization, business organizations started increasing the scale of their
Audit: History, Meaning, Scope, Objective and Types Read More »
Table of Contents Introduction The Auditor’s Assurance Regarding Prospective Financial Information Acceptance of Engagement Knowledge of the Business Examination Procedure Introduction The objective of this Standard on Assurance Engagement (SAE) is to establish standards and provide guidance on engagements to examine and report on prospective financial information, including examination procedures for best estimates and hypothetical
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