Due Diligence Report Format by Company Secretary for Bank
DILIGENCE REPORT To, The Manager, (Name of the Bank) I/We have examined the registers, records, books and papers of Limited
Read MoreAudit
Guidance Note on Accounting for Derivative Contracts: ICAI
Guidance Note on Accounting for Derivative Contracts issued by ICAI. Download the Guidance Note on Accounting for Derivative Contracts. Download the
Read MoreFormat of Auditor’s Report on Consolidated Financial Statements under the Companies Act, 2013
AUDITOR’S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 The Auditing and Assurance Standards Board, under the authority of
Read MoreGuidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013
Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 The Auditing and Assurance Standards Board of
Read MoreICAI Issued Guidance Note on audit of Banks
The Guidance Note provides an insight into the banking industry in India and how they carry out their day to
Read MoreRBI asks bank auditors to have a stringent monitoring process
Pointing to the gaps in the auditors’ work, the Reserve Bank of India (RBI) has asked banks to adopt a
Read MoreDelay in Tax Audit/ tax audit not done & Penalties Leviable
Tax audit is made compulsory u/s.44AB of the Income tax Act, 1961 for those a) carrying on business having sales, turnover
Read MoreSignificant reasons for adopting SARBANES-OXLEY ACT (SOX)
A variety of complex factors created the conditions and culture in which a series of large corporate frauds occurred between
Read MoreBackground of SARBANES-OXLEY ACT (SOX)
Sarbanes–Oxley was named after sponsors U.S. Senator Paul Sarbanes (D‑MD) and U.S. Representative Michael G. Oxley (R‑OH). As a result of SOX, top management
Read MoreRISK BASED AUDIT OF BANKS
Historically, the audit system in banks has been concentrating on transaction testing, testing of accuracy and reliability of accounting records
Read More