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: Limits, Due Dates and Filing Rules Introduction Tax Audit Applicability determines whether a business or professional is required to get its books of accounts audited for income-tax purposes. The requirement depends on factors such as annual turnover, [...]
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 […]
Auditor Resignation and Appointment in a Company: Explained Introduction Auditor Resignation and Appointment is a compliance-sensitive process because the outgoing auditor and the company have separate responsibilities under the Companies Act, 2013. When a statutory auditor resigns before completing the […]
