Category Archives: Audit

6 New / Revised Standards on Auditing by ICAI

By | May 18, 2016

 New / Revised Standards on Auditing Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report. Revised SA 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent… Read More »

Finacle commands for Bank Audit

By | April 4, 2016

Finacle commands Selective Finacle menu options / Finacle commands for your ready reference.Few commands vary from Bank to Bank but most of them are common to all Banks using Finacle as their as their CBS application SL COMMANDS/MENUS Function of the Finacle Menu 1. AALI A/c Abnormal Limits/Details Inquiry 2. ABMR Report of Accounts Below… Read More »

Forensic Audit

By | July 27, 2015

Forensic Audit   Introduction With the growing complexity of business environment and other complex issues of financial market, cases of scams and financial irregularities are on a spree. None the less, these scams are highly affecting the Indian business environment and thus act as a key factor for downgrading the Indian economy. Subsequently the number of… Read More »