What is an auditor and compliance officer? And difference between an auditor and a compliance officer Introduction Most people do not have a clear understanding of the basic difference between a compliance officer and an auditor of a company. The […]
4 key difference between Secretarial Audit and Statutory Audit Introduction A compliance audit is a secretarial audit. It is a component of an organization’s overall compliance management. On the other hand, a statutory audit is a legally mandated examination of […]
Everything You Should Know About Cost Audit and Its Applicability Introduction Cost audit is a crucial process for any business that helps ensure financial health and accountability. It involves a thorough examination of a company’s expenses and accounting records. This […]
Tax Audit Applicability and Tax Audit Return Filing Introduction A Tax Audit is not just about meeting a compliance requirement; it is about proving that your books are transparent and reliable. Under Section 44AB of the Income Tax Act, a […]
What is Secretarial Audit? Secretarial Audit Applicability and Appointment of Secretarial Auditor Introduction A compliance audit is a secretarial audit. It is an aspect of an organization’s overall compliance management. It is a useful tool for corporate compliance management, as […]
What is CARO 2020?, CARO 2020 Applicability, and the Difference between CARO 2016 and CARO 2020 The Ministry of Corporate Affairs (MCA) has issued the Firms (Auditor’s Report) Order, 2020 (CARO 2020), which is effective for audits of financial statements […]
First Auditor and Appointment of Auditor – Under Companies Act, 2013 Introduction Every entity in charge of the business is expected to conduct an audit on a daily, weekly, monthly, half-yearly, or annual basis. The Company must conduct an audit […]
How to Appoint an Internal Auditor for Your Company Introduction Appointing an internal auditor is an essential step for any business. Internal auditors play a crucial role in evaluating the accuracy of records and the effectiveness of operations. This process […]
Step-Wise Procedure for Auditor’s Resignation & Documents Required For Appointment of new Auditors The Companies Act 2013 prescribes a specific procedure for auditor resignation. The Auditor is appointed in the companies under section 139 of the Companies Act, 2013. If […]
