What is Cost Audit?, Features of Cost Audit, Cost Audit Applicability, and Types of Cost Audit Introduction Cost auditing is an important and ongoing procedure that a business must follow throughout its life cycle. It generally entails a detailed examination […]

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 […]

Tax Audit Applicability for Traders and information on Tax Audit Return Filing for Traders Introduction Tax audits have always been a source of consternation, particularly among investors and traders. A practicing Chartered Accountant examines and assesses a taxpayer’s books of […]

“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 […]

“What is Form ADT-1?”, Documents needed to File Form ADT-1, and Fees structure for Form ADT-1 According to the Companies Act 2013, when a company appoints an auditor, it is required to notify the ROC (Registrar of Company) of the […]

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 […]

Company Auditor- Company Audit Ceiling Limit under the Companies Act 2013 The companies registered under the Companies Act, 2013 needs to abide by the provisions of the act. The Act has prescribed certain compliance which the company so incorporated needs […]