This article explores the key statutory books companies are mandated to maintain under the Companies Act, 2013, without delving into specific section numbers and rules.
Explore the dual challenge of balancing the costs of modernization with the imperative of environmental sustainability. Learn how environmental audits play a crucial role in assessing and mitigating the environmental impact of financial decisions. Join the discussion on strategies for quantifying environmental costs, sustainable financing, risk management, and stakeholder engagement. Share your insights and contribute to the dialogue on shaping a future where financial progress aligns with responsible environmental stewardship.
As we witness the takeover of jobs by AI, it’s imperative for finance professionals to understand the nuances of this transition and prepare for the future. In this article, we will delve into the impact of AI on accounting professionals and explore strategies to stay relevant in an evolving industry.
Navigate the world of digital reporting with AOC-4 XBRL. Understand the benefits, challenges, and how it transforms financial reporting. Streamline processes, enhance accuracy, and promote transparency.
Unlock the complexities of Transfer Pricing Rules for finance professionals. Dive into arm’s length pricing, methods, and compliance strategies. Stay informed to navigate the globalized business landscape.
India has made significant strides in improving the ease of doing business in the country over the past few years. The government’s efforts to simplify regulations, reduce bureaucracy, and promote entrepreneurship have created a conducive environment for businesses to thrive.
. One of the most significant changes is the requirement for CAs, CSs, and CMAs to report suspicious transactions to the Financial Intelligence Unit (FIU) within 15 days of identifying them, up from the previous requirement of 7 days. Failure to comply with this requirement could result in a penalty of up to Rs. 10 lakh.
As finance professionals, we are all familiar with the concept of prudence. In accounting, prudence is the principle of exercising caution when making estimates or judgments about uncertain events or transactions.
Demystify the legal jargon surrounding the appointment of auditors under the Companies Act 2013 in India. Explore qualifications, disqualifications, procedures, and compliance to ensure financial integrity. Understand the critical role auditors play in governance and management.
Under Companies Act, there are different forms of audit that companies are required to undertake, depending on their size, nature of operations, and other factors. In this article, we’ll provide a comprehensive guide to the various forms of audit under the Companies Act 2013 and the compliance requirements for companies.