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Brief discussion on restructuring of loans: By CA Mahesh Bansal
A brief discussion on restructuring of loans – Debt restructuring is a method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantages. Sometimes, there may arise circumstances when a borrower may not be
Detail Guide on Forensic Audit
Requirement of forensic audit “A typical organization loses 5% of its revenue every year due to fraud” – Association of Certified Fraud Examiners (ACFE) With reference to the “Darwin’s theory of evolution”, along with the humans, even crimes have evolved. These frauds or “White
Guidance Note on Audit of Banks 2020: ICAI
Section A – Statutory Central Audit Section A of guidance note on audit of banks 2020 covers the personal banking and operations department. 1. Personal Banking and Operations Department Introduction 1.01 The area of operation/function of the Personal Banking and Operations Department is typically confined
My take on state of affairs of yes bank
State of affairs at Yes Bank and Govt’s efforts to save the bank at the cost of shareholders of SBI and Policy holders of LIC brings to focus some issues.Firstly why such efforts were not made to save the PMC Bank.Why the interests of deposit
Join our free webinar on 24th March(3 PM-5 PM) on Overview of Bank Audit by Amarjit Chopra Ji
About the course: In this webinar, CA Amarjit Chopra Ji will discuss the bank audit and its important provisions. About the course creator: Nominated to Bench 2 of Disciplinary Committee of ICAI by GOI and Joined the Board of Governors of IMS. Fees: It is
Compilation for Statutory Audit of Bank Branches (2019-20)
Compilation for Statutory Audit of Bank Branches (2019-20) General Information Branch Audit is a stepping stone to the Final Audit of the Bank which culminates into the generation of Annual Reports. The Bank’s financial statements are prepared under the historical cost convention, on the accrual
Statutory Branch Audit of Public Sector Banks (PSBs) FY 2019-20 – Revision in guidelines on account of COVID-19: RBI
The Chief Executives of all Public Sector Banks Madam/Dear Sir, Statutory Branch Audit of Public Sector Banks (PSBs) FY 2019-20 – Revision in guidelines on account of COVID-19 In view of the difficulties expressed by certain banks in the matter of conducting Statutory Branch Audit
Addendum to the Guidance Note on Audit of Banks, 2020 Edition: ICAI
Addendum to the Guidance Note on Audit of Banks, 2020 Edition Addendum to the Guidance Note on Audit of Banks, 2020 Edition with reference to RBI circular no.: RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020, on COVID 19 – Regulatory Package The RBI issued a circular
Science of Enhancing Quality of Audit And Assurance Service by CA
Science of Enhancing Quality of Audit And Assurance Service by CA History of Audit The word Audit is derived from a Latin word ‘Audrie’ which means to ‘hear’. During the medieval times when manual bookkeeping was prevalent, auditors in Britain used to hear the accounts
ICAI giving access to free digital audit tools
The audit is getting complex day by day. The responsibility attached to it is increasing. But so many changes in law and compliance make it very hard. ICAI is giving access to its members to free digital audit tools. It is under their capacity-building measures.
Nfra Consultation Paper-Charting the Strategy to Counter
In a move that could help MSMCs in their goals of becoming compliant with auditing standards, the NFRA has issued a ‘Consultation Paper’ to review how well these smaller companies are doing when it comes down to compliance. The stakeholders have been invited by November
Business AuditAudit Conducted by the Gst Department Under Section 65 of Cgst Act,2017(Updated till january 2024)
Dear colleagues, we have completed 4 years of GST Law. The Honorable Union Finance Minister made a proposal of “scrap GST Audit” in Union Budget,2021. The scope of GST Audit under Section 65 has been increased. As per information from the reliable source from the
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