Audit Archives - Tax Heal

CARO 2020 New Book for Auditors

CA Satbir Singh — Sat, 14 Mar 2020 03:55:02 +0000

CARO 2020

Taxmann’s CARO 2020 – A Para-wise Commentary on Companies (Auditor’s Report) Order 2020 (6th Edition 2020)

by CA Srinivasan Anand G. (Author)

A Para-wise Commentary on Companies (Auditor’s Report) Order 2020

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Paperback: 384 pages
Publisher: Taxmann; 6th Edition 2020 edition (13 March 2020)
Language: English

Also Refer

Bank Audit-A Practical Guide for Bank Auditors (5th Edition 2020)

Practical Workbook for Bank Statutory Branch Auditors 2020 Edition

CA Satbir Singh — Fri, 13 Mar 2020 05:02:14 +0000

Taxmann’s Practical Workbook for Bank Statutory Branch Auditors -In Accordance with ICAI Standards and RBI Guidelines (4th Edition 2020) Paperback – 12 Mar 2020

by CA Ishwar Chandra (Author)

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Paperback: 368 pages
Publisher: Taxmann; 4th Edition 2020 edition (12 March 2020)

Description

Covering:

Procedures for Accepting/Planning/Performing and Reporting Audit
Audit of Advances with special emphasis on
- Audit of Agricultural and MSME Advances
- Audit of Income Recognition/Asset Classification and Provisioning (IRACP) including Agricultural and MSMEs Advances
- Audit of Restructuring of Advances to MSMEs and natural calamity affected borrowers
- Prudential Framework for Resolution of Stressed Assets
- Interest Subvention to KCC and MSME borrowers
Audit Procedures for Branch Audit/LFAR, Tax Audit and Special-Purpose Certifications
Reference of Relevant Laws/RBI Notifications and ICAI Standards on Auditing (SAs)
Useful CBS Reports generally available in Finacle 10/B@NCS & Flexcube environments
Suggested Branch Audit Formats for collection and evaluation of information for Planning/Performing and Reporting the Audit
Suggested Audit-Hints

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New GST Audit Committee set up by GST Council

CA Satbir Singh — Sun, 08 Mar 2020 15:09:13 +0000

GST Audit Committee by GST Council

F.No. 350/Future Initiative/GSTC/2019/2050 Dated 21.02.2020

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Guidance Note on Audit of Banks 2020 edition

CA Satbir Singh — Wed, 04 Mar 2020 13:37:36 +0000

Guidance Note on Audit of Banks 2020 edition

A. Forward and Preface of Past Years

B. Text of Guidance Note on Audit of Banks, 2020 edition

C. Appendices of the Guidance Note on Audit of Banks, 2020 edition

D. Text of Master Circulars Issued by RBI

E. Text of Master Directions Issued by RBI

F. Text of Relevant Notifications, FAQs and General Circulars

ICSI issuesd 4 Auditing Standards mandatory from 1st April, 2020

CA Satbir Singh — Fri, 10 May 2019 04:01:00 +0000

ICSI issues four Auditing Standards which are mandatory from 1st April, 2020

ICSI issues four Auditing Standards on Audit Engagement; Audit Process and Documentation; Forming of Opinion and Secretarial Audit

The Council of the Institute of Company Secretaries of India (ICSI) has approved the issuance of four ICSI Auditing Standards and the same were released on May 6, 2019 at the ICSI House, New Delhi.

The Standards are required to be observed by the Company Secretaries undertaking Audits. The Standards seek to promote best auditing practices, uniformity and consistency while conducting audits.

The four Standards are :

CSAS-1: Auditing Standard on Audit Engagement; Click here

CSAS-2: Auditing Standard on Audit Process and Documentation; Click here

CSAS-3: Auditing Standard on Forming of Opinion, and Click here

CSAS-4: Auditing Standard on Secretarial Audit Click here

These standards are applicable on recommendatory basis on Audit engagements accepted by the Auditor on or after 1st July, 2019; and mandatory for Audit engagements accepted by the Auditor on or after 1st April, 2020.