Audit and assurance

Overview Audits are first and foremost intended to give comfort to shareholders or investors on the integrity and quality of a company’s financial statements. – Audit engagement leaders are often required to carry out a number of business duties at any one time, which can impact strongly on an engagement.

Significance of Maintenance of Cost Accounting Records: Most of the companies in present day business scenario may be maintaining the cost records only for internal purpose or to comply with the statutory requirements. But maintaining the cost records in formal and systemic manner helps the companies to cater various other

The Famous Five The volume and breadth of differences between Indian GAAP and Ind AS is enormous. Further, its impact will vary by industry and for each company. Ind AS will cover every area comprising reported revenues, expenses, assets, liabilities and equity. Before we get into the details of the

What and Why Ind AS: To know what and why Ind AS, we need to first understand what and why IFRS: IFRS (International Financial Reporting Standards) International Financial Reporting Standards (IFRS): International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts

Chapter – IX – Section 138 deal with the provisions 01.04.2014.  Section-138: of the Companies Act, 2013, together with the rules made thereunder, as to Internal Audit of Companies – Notified to be effective from  The Section reads as under:  “138. (1) Such class or classes of companies as may