DEAR FRIENDS, This is one area where many of us and the world at large is interested. But only a few are successful in making money from STOCK MARKET. What is the reason? The reason is very simple. We play in the stock market but do not follow the simple rules of buying and selling.There [...]

Management audit is a comprehensive and complete examination of all managerial functions and the effective use of their total resources in achieving the goals of an organization. According to Taylor and Perry “Management auditing is a method to evaluate the efficiency of management at all levels throughout the organization in order to ascertain whether sound [...]

To be successful, an auditor should possess certain desirable qualities, besides having his formal qualification. His qualification requires that he should be a qualified chartered accountant. Besides, he should possess the following qualities: – 1. Tactfulness 2. Cautious approach 3. Firmness 4. Good temperament 5. Integrity etc. He should be tactful in doing the job [...]

This statement is correct that the auditor is a watchdog and not a bloodhound. To understand the meaning of this statement we must know what is the difference between a watchdog and a bloodhound. A watchdog keeps a strict vigil on the house of the owner and the does not allow any outsider to enter [...]

There are certain basic principal that should be followed while doing an audit. They are as follows:- • Skill & Competence • Confidentiality • Independence • Objectivity • Responsibility Skill & Competence The basic principle of audit is that a competent and skilled person should conduct it. only a qualified for an auditor is that [...]