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My Idos Audit Trail

247 views 1 replies

Nausheen Fatima

1 Points Joined March 2023

Hi,
Audit trail is not an option anymore.
With the central government Companies (Accounts) Rules, 2014, it’s mandatory for all companies to maintain audit trails from April 1, 2023.
Sorting through hefty paperwork should be less stressful now.
Join our “All about Audit Trail” webinar to learn the ways to unlock the full potential of audit trails using AI.
To know how AI powered Audit trails can get you more clients and more revenue, join the webinar. Register now for free

https://myidos.com/all-about-audit-trails-the-360-ai-oversight-for-your-business/

#incometax#CA#finance professionals#

Replies (1)

Aashok Kumar Sharma

Manager - Finance & Accounts

58504 Points Joined June 2010

Hey Nausheen! Thanks for sharing this update about audit trails.

Just to clarify for others reading:

Audit Trail maintenance has indeed become mandatory for all companies from April 1, 2023, as per the Companies (Accounts) Rules, 2014 (latest amendments).
It helps in tracking all financial transactions in a detailed, transparent way.
The removal of "audit trail" as an option might be related to software or platform changes, but the legal requirement remains.
Using AI-powered audit trails can definitely make compliance easier, reduce manual work, and improve accuracy.