Key highlights: • MSME Ministry introduces Artificial Intelligence (AI) and Machine Learning (ML) strengthening its Single Window System Portal 'Champions' to assist MSMEs of the country • Ministry implements AI & ML tools to get insights into MSME related issues and grievances for their quick and effective resolution; • AI & ML analytics can be seen at the “AI Corner” at following link on Ministry's champions port..
In a recent conversation, the Chief Accounting Officer of India’s largest private enterprise mentioned that a good financial consolidation software would be of great service to the accounting community. His statement implying indirectly that in his many years of managing accounting for an extraordinarily large and complex organisation, he has still not come across a suitable enterprise platform for consolidation. It is but natural to assume that organizations would rid themsel..
Introduction: From last two years, you might have heard a lot about blockchain but the moment you browse for it over the internet, you get typical and more technically result which may not be simple to understand by non technical person. Infact blockchain is pure technical concept thus getting technical theories on internet about it is very common. Nowadays much noise is in market for bitcoins that is why blockchain concept is in trend. So do blockchain a dynamic technology? Yes!!..
These days banking & financial systems are highly reliable on paper-based and traditional processes. Well carrying a pen to the bank has become as important as carrying an ID. The irony is that even though the banks are coming up with many digital options for its customers 80% of them still prefer the traditional processes I remember when I used to go for bank audits we used to verify bulks of files filled with the process forms and other authorization letters. The kind of delay..
In business, there is a policy of contingency that provides a ready cushion in case of unexpected events. However, a global pandemic is seldom on any one's contingency list. The world was thrown off balance due to Covid-19 and impacted many businesses severely due to the subsequent lockdown. Businesses that were once thriving were now scrambling to protect their employees, analyse the new risks to the market, and manage any further supply chain disruptions to curb the spread of ..
From the perspective of governance, risk, and compliance Clause 49 of Listing requirements states companies to lay down procedures to inform Board of Directors about the risk assessment, risk minimization procedures and it’s periodic review. On the same lines SEBI has directed all the concerned on the subject vide their Circular no. SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018 to build a powerful focus on Cyber Security and recovery process. The directions majorly require: ..
Due to the current challenging situation the whole world is facing, as a CA who is working somewhere or a CA who is running his/her own firm, it is particularly important to analyze your firm’s digital quotient and make it tech-savvy...
Also, in Blockchain one can trace the whole transaction from the start to its end. All the transactions linked together. And if anyone tries to hack or make mischief in any one transaction the whole block of a chain will be affected. ..
Even if machines can perform all the calculations or initial audit-related tasks, someone would be needed to verify that AI is doing its task correctly and is not faulty. Instead of being a victim of technophobia, let's work in harmony with technology as the amalgamation of both can reap Fruitful results...
Forensic Accounting and Auditing - An opportunity in today's world..
Windows 10 is becoming very popular nowadays and many of you might have bought a computer/laptop with the latest offering from Microsoft pre-installed. But, thi..