AUDIT SAMPLING & MATERIALITY

INTRODUCTION With the economy growing at a tremendous speed, number of transactions have been increasing in multiples. The responsibilities of the Profession have also increased manifold. This has brought difficulties for the Chartered Accountants to cover every single entry. Here is where we require some techniques to lessen the work load yet maintain the much […]

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New/Revised Standards on Auditing_May 17, 2016

Institute of Chartered Accountants of India has revised 5 Standards on Auditing and a released New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. Link to Download the same are as follows:- Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the […]

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