Research paper & Material

This section gives details of Research Papers & Materials prepared by Mr. Chetan Dalal on the subject of Audit with special emphasis on fraud.

Audit practice and procedures with special emphasis on detection of frauds and compliance with accounting standards

This is a compendium of researched fraud cases from the point of view of an auditor. There are about 8 case studies covering various areas such as sales, expenses, assets, bank transactions etc. Each case study describes facts of a case (often based on a real life situation), the auditors' plan, special audit procedures where applicable, the findings and a conclusion summarising the finer points 

 

Audit in circumstances of incomplete records

This paper deals with unusual situations which an auditor / investigator often finds himself in. consequent to natural calamities such as fire, earthquake or unforeseen events such as rioting, vandalism, or seizure of records by authorities, or alteration of books by perpetrators. Standard audit practices usually do not have the penetration for obvious reasons. This paper deals with such situations and provides solutions which could
perhaps bring the investigator closer to the real facts. The research paper contains:
- Introduction to the situation
- Tools such as checklists and special procedures which could be applied
- Illustration
- Reporting within accounting standards in India

Use of software in audits

This is a research paper on use of data interrogation software used in audit and investigation assignments. The paper highlights the three stages- data access, data query and data evaluation whichare recommended. A full illustration of a case of audit where a fraud was discovered is included.The paper contains useful formats for audit working papers, reports and tips and suggestions for using software gainfully.