Manu Dwivedi

CPA (US) and ACCA (UK) qualified with a degree in MBA Finance . Ankit brings with him over 10 years of experience in the field of auditing with big 4 audit firms. He has an extensive exposure in statutory and Internal audits for both listed and private clients.

Auditor Independence: Safeguarding the Trust in Financial Reporting

Auditing / By

Auditor independence is imperative for the auditing profession and critical in maintaining public trust in financial reporting. It ensures auditors remain objective and unbiased in assessing an organisation’s financial statements. In this blog, we will delve into the relevance of auditor independence, its implications when compromised, and the importance of maintaining this fundamental principle. The …

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ICFR

Understanding Internal Control Over Financial Reporting (ICFR)

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Internal Control Over Financial Reporting (ICFR) plays a vital role in ensuring the accuracy, reliability, and integrity of a company’s financial statements. It encompasses the processes, procedures, and systems implemented by an organization to safeguard its assets, maintain reliable financial records, and mitigate the risk of financial misstatements. In this blog, we will delve into …

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Role of Auditors

Behind the Scenes: The Role of Auditors in the Bollywood Movie Industry

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Lights, camera, audit! While the glitz and glamour of the Bollywood movie industry captivate audiences worldwide, there is a lesser-known group of professionals working diligently behind the scenes to ensure financial transparency and accountability. In this blog, we’ll explore auditors’ vital role in the Bollywood movie industry and how they contribute to the success of …

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Adventures of Auditing

How NOT to Audit the Financial Statements: A Hilarious Guide!

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Auditing is a serious business, but sometimes, even the most experienced auditors can fall into hilarious traps. Today, we will take a lighthearted look at the art of auditing by exploring how NOT to conduct an audit. Remember, this is purely entertainment, so please don’t take these tips seriously! The Blindfolded Approach: Who needs to …

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Comedy in audits

Comedy in Audits:Funniest Auditing Experiences Ever Encountered

Auditing / By

Auditing is typically associated with seriousness, meticulousness, and a no-nonsense approach. However, every now and then, auditors stumble upon hilariously peculiar situations that inject a dose of humour into their otherwise diligent work. In this blog, we’ll delve into the realm of auditors’ anecdotes and share some of the most amusing and light-hearted audit stories …

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Risk based

Risk-Based Auditing in India: Enhancing Assurance and Efficiency

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In the dynamic and complex business environment of India, risk-based auditing has emerged as a powerful approach to enhance the effectiveness and efficiency of audits. By focusing on key risks, this methodology enables auditors to allocate resources and prioritize procedures in a targeted manner, ensuring that audit efforts are tailored to the most significant areas …

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Technological Advancement

The Future of Audit in India: Embracing Technological Advancements

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The audit profession in India is undergoing a significant transformation driven by technological advancements and regulatory changes. As businesses become more complex and dynamic, the traditional audit approach is evolving to meet the demands of a digital era. This blog will explore the future of audit in India, highlighting the key trends, challenges, and opportunities. …

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IND AS Updates: Navigating the Changing Accounting Landscape

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In the ever-evolving world of accounting, staying abreast of the latest updates to Indian Accounting Standards (IND AS) is essential for auditors and financial professionals. These updates, issued by the Institute of Chartered Accountants of India (ICAI), aim to align Indian accounting practices with global standards and enhance financial reporting transparency. In this blog, we …

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The Relevance of Audit Software for Conducting Good Audits by CA Firms

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In today’s digital age, the accounting profession is witnessing a significant shift towards automation and technology-driven solutions. With the increasing complexity of financial transactions and the need for accurate and efficient audits, Chartered Accountancy (CA) firms are turning to audit software to streamline their audit processes. Audit software offers a range of benefits that enable …

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