Himalayan Stand-Off Makes It an Awkward G-20 for Xi and Modi

Himalayan Stand-Off Makes It an Awkward G-20 for Xi and Modi

Himalayan Stand-Off Makes It an Awkward G-20 for Xi and Modi Things could have been a little annoying when China’s President Xi Jinping and Indian Prime Minister Narendra Modi were observed within the framework of the Group of 20 meeting in Germany. Away from leading luxury events in Hamburg, China and India, they face a […]

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Bank Audit

the general ledger leading to the crucial situation of final accounts not being in agreement with the books of accounts. When new channels like Automated Teller Machine (ATM) are added: New channels linked recently are sometimes not tested substantially. An example of ATM itself will clear the point. In any bank, the books are closed […]

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Bank Audit Conducting Bank Branch Audit in CBS Environment

Bank branch audits are one of the significant segments of chartered accountants’ audit practice. The increased technology adoption by the banks during last decades has created both challenges and opportunities for the auditors. While the branch auditor cannot be expected to be an IT’s maestro, ignorance to the existence of IT system cannot be afforded […]

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Bank Audit

Identification of Non-Performing Assets by the Branch is a very crucial area where the Central Statutory auditors heavily depend upon the Branch Auditors. The Memorandum of Changes (MOCs) issued by the Branch Auditors are closely looked into by the Central Statutory Auditors. Appropriate notes and reports should accompany such MOCs, which will help the Central […]

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Presentation of Write-Back of Provisions No Longer Required in the Statement of Profit And Loss

  Facts of the Case A public sector company under the Ministry of Steel, Government of India, is primarily engaged in rendering design & engineering, technical consultancy, and project management services for various clients in India and abroad. The company is also executing Engineering, Procurement and Construction (EPC)/turnkey projects involving supply of equipment, erection, commissioning […]

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