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

23/08/2019
Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019
GST Council notifies creation of State Benches of GSTAT
IBBI orders IP to work for six months under senior IP to improve his knowledge
22/08/2019
Processing of e-mandate on cards for recurring transactions
Real Time Gross Settlement (RTGS) System – Increase in operating hours
Clarification under section 232(6) of the Companies Act, 2013
21/08/2019
Due Date for GSTR 3B for the month of July extend to 22nd Aug 2019
E-Way Bill Rule 138E implementation deferred to 21st Nov 2019
17/08/2019
Gold Monetisation Scheme, 2015
Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019 – Acceptance of Deposits by issue of Commercial Papers
16/08/2019
Usage of ATMs – Free ATM transactions – Clarifications
Appointment of Registered Valuer - Valuation under the Insolvency and Bankruptcy Code, 2016