The National Financial Reporting Authority (NFRA) recently issued an order highlighting significant deficiencies in the audit conducted by CA Rakesh Puri, who served as the Engagement Partner (EP) for the statutory audit of Sun and Shine Worldwide Limited (SSWL).
Some stress is inevitable, and there is no way one can remove all shreds of stress from one's being. But, one can follow the given pointers to make sure that last-minute stress is minimized.
The appointment of directors is done in the General meeting of the Company by passing Ordinary Resolution.
One of the most disputed or major areas of concern for both taxpayers and authorities in the earlier regime was "works contract".Earlier this was the tricky area because it was taxed under both VAT and service tax as a good and service respectively and also a works contract tax used to be levied.
16 November 2022
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The Central Govt. has notified revised method of classification of micro, small and medium enterprises w.e.f. 1st July 2020.
Preference shares as the term implies are the shares that having priority over the equity shares. These shares contain a preferential right to receive the dividend as are declared by the company on first priority basis.
The verification of a Bank Reconciliation Statement is to be done in all types of audit and is considered a basic task to be carried out by the auditors.
Discussing Section 50: Interest on delayed payment of tax, Section 42(10): Matching, reversal and reclaim of ITC, and Section 43(10): Matching, reversal and reclaim of reduction in output tax liability.
Discussing the concept of signing of Financial Statements of a Company including OPC, Small Company, Private, Public and Listed Companies including the role of directors and chairman in the same.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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