Forensic Audits

• Banking Regulation Act 1949 & Forensic Audit
• Categorization of Accounts as Fraud
• Diversion and Siphoning of Funds
• Categorization of accounts as fraud by bank
• Cooperation vs Non-cooperation – trigger events for recognising a non-cooperative borrower
• Definition of Fraud
• Difference between Diversion of funds & Siphoning of Funds
• Indian Contract Act with relevant sections that are applicable in the drafting of Forensic Audit Reports
• RBI Circular on Wilful Defaulter
• Banking Regulation Act and Forensic Audits
• Ways to gather evidence and chain of custody
• Indian Contract Act with relevant sections that are applicable in drafting of Forensic Audit Reports

Indian Accounting Standards (IND AS)

• Ind AS 1 Presentation of financial statements
• Ind AS 2 Inventories
• Ind AS 7 Statement of cash flows
• Ind AS 8 Accounting policy, change in accounting estimates and error
• Ind AS 10 Events after the reporting period
• Ind AS 12 Income taxes
• Ind AS 16 Property, Plant & Equipment
• Ind AS 17 Leases
• Ind AS 19 Employee Benefits
• Ind AS 20 Accounting of Government Grants and Disclosure of Government Assistance
• Ind AS 21 The effects of changes in foreign exchange rates
• Ind AS 23 Borrowing Costs
• Ind AS 24 Related Party Disclosures
• Ind AS 27 Consolidated and Separate Financial Statements
• Ind AS 28 Investments in Associates and Joint ventures
• Ind AS 29 Financial Reporting in Hyperinflationary Economies
• Ind AS 32 Financial Instruments Presentation
• Ind AS 33 Earning Per Share
• Ind AS 34 Interim Financial Reporting
• Ind AS 36 Impairment Of Assets
• Ind AS 37 Provisions,Contingent Liabilities and Cotingent Assets
• Ind AS 38 Intangible Assets
• Ind AS 40 Investment Property
• Ind AS 41 Agriculture
• Ind AS 101 First time Adoption of Indian Accounting Standards
• Ind AS 102 Share Based Payment
• Ind AS 103 Business Combinations
• Ind AS 104 Insurance Contracts
• Ind AS 105 Non Current Assets held for sale and Discontinued Operations
• Ind AS 106 Exploration For And Evaluation Of Mineral Resources
• Ind AS 107 Financial Instruments Disclosures
• Ind AS 108 Operating Segment
• Ind AS 109 Financial Instrments
• Ind AS 110 Consolidated Financial Statements
• Ind AS 111 Joint Arrangements
• Ind AS 112 Disclosure of Interests in Other Entities
• Ind AS 113 Fair Value Measurement
• Ind AS 114 Regulatory Deferral Accounts
• Ind AS 115 Revenue From Contracts With Customers

Income Tax Act of India

• Filing of TDS Returns
• Double Taxation Avoidance Agreements in India (DTAA)
• Non Resident Indian (NRI) – Residential Status and Taxation

Incorporations & Compliances

• Annual Compliance of LLP
• Association of Persons
• Compliance for Corporates
• Limited Liability Partnership
• One Person Company
• Trust

Standards of Auditing

• Standard on auditing (SA) 200 Overall Objectives of the Independent Auditor and the Conduct of Audit in Accordance with Standards on Auditing
• Standard on auditing (SA) 210 Agreeing the Terms of Audit Engagements
• Standard on auditing (SA) 220 Quality Control for an Audit of Financial Statements
• Standard on auditing (SA) 230 Audit Documentation
• Standard on auditing (SA) 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
• Standard on auditing (SA) 250 Consideration of Laws and Regulations in an Audit of Financial Statements
• Standard on auditing (SA) 260 Communication with Those Charged with Governance
• Standard on auditing (SA) 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
• Standard on auditing (SA) 299 Joint Audit of Financial Statements
• Standard on auditing (SA) 300 Planning an Audit of Financial Statements
• Standard on auditing (SA) 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and it’s Envronment
• Standard on auditing (SA) 320 Materiality in Planning and Performing an audit
• Standard on auditing (SA) 330 The Auditor’s Responses to Assessed Risks
• Standard on auditing (SA) 402 Audit Considerations Relating to an Entity Using a service Organisation
• Standard on auditing (SA) 450 Evaluation of Misstatements Identified during the Audit
• Standard on auditing (SA) 500 Audit Evidence
• Standard on auditing (SA) 501 Audit Evidence – Specific Considerations for Selected Items
• Standard on auditing (SA) 505 External Confirmations
• Standard on auditing (SA) 510 Initial Audit Engagements – Opening Balances
• Standard on auditing (SA) 520 Analytical Procedures
• Standard on auditing (SA) 530 Audit Sampling
• Standard on auditing (SA) 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures
• Standard on auditing (SA) 550 Related Parties
• Standard on auditing (SA) 560 Subsequent Events
• Standard on auditing (SA) 570 Going Concern
• Standard on auditing (SA) 580 Written Representations
• Standard on auditing (SA) 600 Using the Work of Another Auditor
• Standard on auditing (SA) 610 Using the Work of Internal Auditors
• Standard on auditing (SA) 620 Using the Work of an Auditor’s Expert
• Standard on auditing (SA) 700 Forming an Opinion and Reporting on Financial Statements
• Standard on auditing (SA) 701 Communicating Key Audit Matters in the Independent Auditor’s Report
• Standard on auditing (SA) 705 Modifications to the Opinion in the Independent auditor’s Report
• Standard on auditing (SA) 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
• Standard on auditing (SA) 710 Comparative Information – Corresponding Figures and Comparative Financial Statements
• Standard on auditing (SA) 720 The Auditor’s Responsibilities Relating to Other Information
• Standard on auditing (SA) 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statements
• Standard on auditing (SA) 810 Engagements to Report on Summary Financial Statements

Indian Corporate Law

• Section 166 of the Companies Act
• Section 129 of the Companies Act
• Section 166 of the Companies Act
• Section 185 of the Companies Act
• Section 186 of the Companies Act
• Section 189 of the Companies Act
• Section 447 of the Companies Act
• Section 448 of the Companies Act