Category Archives: Audit & Assurance

Cost Optimization Post Covid-19

As businesses suffer from lack of revenues, lack of resources, bad debts etc. post COVID-19, many companies are focusing on cost optimization more than before. For details, please refer the attached document: Cost Optimization During Covid-19 Disclaimer:- The information contained herein … Continue reading

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Role of Internal Audit in Business Resilience during COVID-19

There is no doubt that businesses are hugely hit by the impact of covid-19. Risk Management and recommending controls over high risk areas is the expertise of internal audit teams. In here there are various ways through which internal audit … Continue reading

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Business Continuity And Managing Risk In COVID-19 Era

Business enterprises have faced huge impact due to Covid 19 such and consequent lockdown exposing the business to risk of continuity. So hereunder we have enumerated certain ways and practices, if adopted by the entity then it will be lot … Continue reading

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Going Concern – Key Considerations For Auditors Amid COVID-19

The Board of Directors of every company are required to make a statement in the Directors’ Responsibility Statement referred to in Section 134(5) of the Companies Act, 2013 that the annual accounts are prepared on a going concern basis i.e. … Continue reading

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Auditing Guidance by ICAI on “Subsequent Events – Key Audit Considerations amid COVID 19”

In the series of Auditing Guidance on COVID-19 issued by ICAI, latest is Auditing Guidance on “Subsequent Events– Key Audit Considerations amid COVID 19” issued by ICAI on 13th May 2020 for the benefits of its members. Considering the uncertainties … Continue reading

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