🔊 Play The distinction between the auditor and the compliance officer is not always apparent. There are obvious parallels, and the two have common characteristics with some overlap, so it is fair to confuse them with almost fusion. In certain instances, they must function together, but there are distinct variations. One interesting difference is that […]
Category: Auditing
Why is Internal Audit Important for Your Company in India?
🔊 Play INTERNAL AUDIT Internal audit process is executed in every company irrespective of its size and under which segment it is operating. Internal audit process helps in keeping an internal checks & balances on the company policies & management including corporate governance and accounting processes associated. Internal audit process also ensures that the company […]
STATUTORY AUDIT OF FINANCIAL STATEMENTS OF COMPANY
🔊 Play The audit is an independent examination of the financial statements of an organization by an auditor. It is conducted to ensure that the financial statements represent a true and fair view of the financial position of the organization. Auditor presents the independent auditor’s report to the stakeholders of the company. There are various […]
Internal Audit Requirement Under Companies Law in India
🔊 Play If we talk about audit compliance in India, You must be aware that every company shall appoint the auditor and get the audit of financial statement done every year. This shall apply irrespective of whether a company is newly established or whether an existing company is under loss. Today we will discuss the […]
What comes after incorporating a foreign subsidiary in India?
🔊 Play Among several ways to bring foreign investment in India setting up a foreign subsidiary is the most popular and one of the best alternatives. When we as consultants help our foreign client establish their business in India by incorporating a company in India, We always make sure that they have proper guidance on […]
Cost of audit service in India
🔊 Play Any company in India needs to get their accounts audited (statutory) on a mandatory basis. There are other audits such as tax audit and internal audit which has certain criteria on the basis of which it is decided whether these audits are needed. Individual practicing Chartered Accountants qualified to do the audit or […]
Difference in statutory audit and tax audit requirement in India
🔊 Play An audit is the inspection of an individual or any legal entity’s books and accounts. In any audit, accountants verify that a company’s business transactions were recorded accurately, and provide a true and fair reflection of that company’s financial situation. Two major audit comes to our mind which are ruled by company law […]
Audit of a new company
🔊 Play Audit of a new company is mandatory irrespective of its volume or turnover. If you are into a business then it is essential to know your compliance requirement. Apart from handling your daily operations, it is important to know what are the regulatory authorities to whom you need to submit certain information or […]
Compliance to be followed by company in India in 2018
🔊 Play Compliance to be followed by the company in India in 2018 If you have incorporated a private limited company, you must read this as we speak about the mandatory compliance to be followed by you in the year 2018, You may be a startup or an existing business in India understanding all the […]
Audit and Assurance Services
🔊 Play We are providing a range of Audit and Assurance Services and business services to a diverse client base ranging from small businesses & start-ups to substantial international groups and development sector. Tax Audit u/s 44AB of Income-tax Act, 1961:Audit of accounts of certain persons carrying on business or profession Tax Audit is compulsory […]