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Detecting and Preventing Errors and Frauds in Auditing: Guidelines & Responsibilities

August 10, 2023 14037 Views 0 comment Print

Explore the auditor’s role in detecting and preventing errors and frauds in auditing. Learn about responsibilities, challenges, and regulatory requirements.

Active Income and Passive Income – What do they mean?

August 10, 2023 1875 Views 0 comment Print

Uncover the distinction between active income and passive income, delving into earned income’s hands-on nature and the hands-off, continuous earnings of passive income. Explore how passive income sources, like investments or online ventures, offer financial freedom. Learn the principles of generating passive income, discover various streams, and understand the symbiotic relationship between active and passive income in achieving long-term financial stability.

Format of Consent Letter for Auditor Appointment: Companies Act 2013

August 10, 2023 33441 Views 0 comment Print

Learn about the vital consent letter for auditor appointment under the Companies Act 2013. Understand key requirements and format for compliance.

Secretarial Audit: Applicability, Benefits & Report

August 10, 2023 18459 Views 0 comment Print

Discover what a secretarial audit is, its benefits, applicability criteria, audit report details, and how it enhances corporate governance. Learn more here.

Late fee waiver capped at Rs. 500 for each GSTR-3B Return

July 15, 2020 10536 Views 1 comment Print

Lately, a lot of confusion has been seen regarding the ‘late fee waiver’ that was earlier notified by the CBIC for filing of GSTR-3B. A further simplification has been issued by the Government in this regard. What were the notifications in regard to late fee waiver? In the earlier Notification No. 52/2020-Central Tax dated 24th […]

Class Action Suits via NCLT (Second Amendment) Rules, 2019

May 12, 2019 6453 Views 1 comment Print

Central Government dictates details of Class Action Suits via National Company Law Tribunal (Second Amendment) Rules, 2019 Background At the time of Satyam scam, the Indian investors, as opposed to their counterparts in USA, could not file litigations against the fraudulent company. Owing to the peculiarity of weighty financial scam of Satyam in 2009, the […]

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