CAclubindia Articles

Financial Due Diligence - Fictitious Revenue

Posted by Anurag 05 July 2023 2182 Views

Just like GoMechanic, Mojocare’s founders also recently admitted that they were misreporting revenue and fudging numbers, under the pressure to inflate GMV after raising $20 Mn in August 2022.

LIBOR: What, Why and Why Not?

Posted by CA Gyati Gupta 04 July 2023 3074 Views

In this article, I have tried to touch upon the concepts like what is LIBOR, why is it no longer in use, who has succeeded it. Before delving deep into this, let's see the current scenario worldwide and in India.

Importance of Internal Audit for SMEs

Posted by Sundaran.D 04 July 2023 4629 Views

This article highlights the importance of internal audit specifically tailored for SMEs and how it can contribute to their overall success.

Is Crypto Tax the Next Big Opportunity for Chartered Accountants in India?

Posted by CA Ruby Bansal 03 July 2023 2701 Views

Cryptocurrencies are an evolving landscape in India and so is crypto taxation.

Guidelines on TCS for Foreign Remittances under the Liberalised Remittance Scheme (LRS)

Posted by Rashmi 03 July 2023 3652 Views

On June 30, 2023, the Ministry of Finance released detailed guidelines regarding the applicability of Tax Collection at Source (TCS) on various foreign remittances under the Liberalised Remittance Scheme (LRS).

Appraisal of Internal Control Systems: Enhancing Efficiency and Security for SMEs

Posted by Sundaran.D 03 July 2023 1220 Views

In this article, we will explore the appraisal of internal control systems with specific reference to SMEs, highlighting its significance, key components, and best practices for implementation.

How to Authorize/Register as Representative on Income Tax e-Filing website

Posted by Shivani 01 July 2023 12962 Views

To avail the "Authorize/Register as Representative" service on the e-Filing portal, you need to meet the following prerequisites

Form 16A

Posted by Niyati 01 July 2023 7718 Views

Form 16A is a certificate that is issued under the provisions of the Income Tax Act, 1961.

Vital Role of Internal Audit for SMEs: Ensuring Efficiency, Compliance and Growth

Posted by Sundaran.D 01 July 2023 3384 Views

In this article, we will explore the importance of internal audit for SMEs, its benefits, and how it contributes to the success of these businesses.

Auditing Of Shared Services

Posted by CA Amrita Chattopadhyay 01 July 2023 5435 Views

The term "Shared Services" refers to a particular function / service which is generally used by various operating units in an organization. For exampl...