The National Financial Reporting Authority (NFRA) in India has imposed a penalty of ₹300,000 on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on taking up statutory or internal audits of any company, for alleged professional misconduct and lapses in the FY18 audit of the company.
Auditing Property, Plant, and Equipment (PPE) is an important task for any auditor. PPE is a significant asset for most companies and represents a substantial portion of their total assets.
Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business's working capital and represents the amount of cash that the business can expect to receive in the near future.
In this article author has discussed about the External confirmation and shared the sample format for obtaining Creditors Confirmations
Q 1: Whether a Firm of Chartered Accountants can accept Audit of a branch of a bank, while one of the partners of the said firm has taken loan from a different ..
With this article, the author intends to discuss the responsibility casted upon the Management for effective maintenance and safe custody or preservation of records including Audit Trail.
Applicability of Account Rules will commence on or after April 1, 2023.
Finance & Accounting field has seen a shift change in the last two decades. From basic manual-driven cars to cruise controls, and thereafter autonomous crui..
An audit trail is a documented record of the sequence of activities and events that are associated with a specific transaction, process or system.
An Audit Trail is a chronological record of all the events or transactions that have occurred within a particular system or process. It is used to track changes to data and document who made those changes, when they were made, and why.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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