"Live Encounter with Audit" by CA Mansi Dangarwala
The seminar was conducted by CA Mansi Dangarwala, 36th rank holder in CA Final as well as CA IPCC exam, currently working with E&Y Audit firm.
Audit, the subject which students are familiar with, was presented by her from a practical aspect. She discussed on various types of audits and how each works starting with gaining knowledge about the company, reviewing previous audit trails and planning for an audit.
She shared her practical "on job" experiences about how an audit is conducted and the various situations faced by an auditor in the course of audit.
Light was thrown on the ways that client and auditor work and how "not so easy" situations are handled.
She concluded by addressing the students about how an audit is finished with experience on audit report drafting and discussion with the management of the company.
The students got an insight into the real audit world and learnt about the various working methods of audit in the session.