Cost & Management Accountant
Practicing Cost Accountants

Internal Audit

Broadly, Audit involves the following :

 
  • Indepth study of existing systems, procedures and controls for proper understanding.  Suggestions for improvement and strengthening.
  • Ensuring compliance with policies, procedures and statutes.
  • Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
  • Checking the genuineness of the expenses booked in accounts.
  • Reporting inefficiencies at any operational level.
  • Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. 
  • Issue of  Audit Reports under various laws.

 

Types of Audits conducted

 
  • Internal Audit
  • Concurrent Audits.
  • Stock Audit
  • Information System Audit

 


Notifications/Circulars

17/10/2019
Money Changers licensed by RBI and their franchise agents under clause (v) of the proviso to section 194N of the Income-tax Act, 1961​
Alteration in the name of "The Catholic Syrian Bank Limited" to "CSB Bank Limited"
CBDT exempts from TDS cash withdraws by Authorised dealer & FFMC
15/10/2019
Lending by banks to InvITs
12/10/2019
Revision in Proforma and Reporting of Bank / Branch details under CISB
Companies (Meetings of Board and its Powers) Amendment Rules 2019
10/10/2019
CBIC notifies Restriction on ITC in case of diffrence’ GTR 3B is a Return
Extension of due date for GSTR-1, GSTR-7 and GSTR-3B for Jammu and Kashmir
CBIC notifies GST Annual Return voluntary if Turnover is less than Rs 2 crores
Due date of GSTR-1 if aggregate turnover is exceeds Rs. 1.5 Cr
Due date of GSTR-1 if aggregate turnover is up to Rs. 1.5 Cr
Due date of GSTR-3B for October, 2019 to March, 2020
08/10/2019
Auction of Government of India Dated Securities