Banks may send confirmation to the company, rather than to the auditor
Definition of audit may have to be changed if more procedures become part of the assignment
Audited STPI returns were available in the case of Satyam
Insight on the pattern of cashflow and margin in Satyam
Roll-over of fixed deposits is a norm in many IT companies
When is withdrawal of audit opinion justified
The auditors have followed the prescribed procedure
Will auditors be required to go to bank and confirm the balance
Importance of representation from management
Internal audit was in-house
Employee payments leave a trail
Reliance on the work of other auditors
Cash levels in companies are dependent on their strategy
Checks and balances when verifying transactions in the services business
Did the company run a parallel set of books
What typically happens in a restatement exercise
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