All posts by Swaraj Goyal - 2. page

Professional Tax Consultant and Article Writer

Branch Audit : If any company has a branch office, the accounts of that office shall be audited either by the auditor of the company or by any other person […]

Disqualifications of the Auditor : The following persons shall not be eligible for appointment as an auditor of a company- (i) a body corporate other than a limited liability partnership […]

Eligibility or Qualifications of the Auditor • A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant. • A firm […]

Mandatory Rotation of Auditors : The Companies Act, 2013 has introduced the system of rotation of auditors which is applicable to- • all listed companies; • all unlisted public companies […]

Remuneration of the auditors : The remuneration of the auditor of a company shall be fixed in its general meeting. The Board may fix remuneration of the first auditor appointed […]

WORKING PAPERS : Audit working papers are the documents prepared or obtained by the auditors and retained by him in connection with the audit. Audit working papers are used to […]

TYPES OF WORKING PAPERS The Auditors Working Papers are divided into two parts: 1. Permanent Audit file 2. Current Audit file Permanent File The data in these file are the […]

APPOINTMENT OF AUDITORS : The Board of Directors of a company shall appoint an individual or firm as the first auditor of a company, other than a Government company, within […]

Advantages of maintenance of working papers : 1. Working papers helps in proper planning and performance of audit. 2. Seniors can supervise the audit work performed by the juniors by […]

AUDIT EVIDENCE : The auditor has to obtain sufficient and appropriate evidence to substantiate his opinion on the financial statements. The audit evidence provides grounds for believing that a particular […]