CA, CS, CMA : The article explains why oversight of auditors is essential to maintain public confidence in financial reporting. It highlights th...
CA, CS, CMA : Discover the 8 key mental skills top auditors use: remembering patterns, understanding the business story, connecting financial da...
CA, CS, CMA : This guide compares auditor report wording and structure across major global jurisdictions, including the US, UK, EU, and India....
Company Law : Learn the rules for auditor appointments under the Companies Act, 2023, including first auditor, subsequent appointments, casual v...
CA, CS, CMA : एनएफआरए सूचीबद्ध कंपनियों में वित्तीय धोखाधड़ी ...
Company Law : The concept of Auditor independence requires the auditor to carry out his or her work freely, with integrity and in an objective m...
CA, CS, CMA : It is requested to kindly consider amendment in the explanation to Section 288(2) of the Income 'lax Act. 1961 'so as to include t...
CA, CS, CMA, Company Law : 1. Revised SA 700, Forming an Opinion and Reporting on Financial Statements. 2. New SA 701, Communicating Key Audit Matters in the...
Finance : The world's four biggest accounting firms are to appoint non-executive directors after coming under growing pressure from regulato...
Finance : That being the case, some of the people that you knew while they were in public accounting have completely disappeared never to he...
Company Law : Challenge to constitutional validity of section 140(5) of Companies Act, 2013 fails and it is observed and held that section 140(5...
Company Law : ROC Kanpur imposed a ₹40,000 penalty on SEN HON LEE TECHNOLOGIES and directors for violating Section 118/146, stemming from the ...
Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...
CA, CS, CMA : NFRA imposes monetary penalty of Rs Five Lakhs upon CA Rajiv Bengal In addition he is debarred for Five years from being appointed...
CA, CS, CMA : The Finance Ministry revises remuneration for RRB statutory auditors, detailing audit fees, travel allowances, and expense norms f...
Understand the types of financial frauds perpetrated by companies and how an auditor can help detect them. Learn more with this article from India
The digital age has brought with it a host of new opportunities, including the ability to conduct business electronically. However, with this newfound convenience comes the potential for fraud, which can have a devastating impact on an organisation’s finances and reputation.
जब भी कहीं आयकर रेड पड़ती है तो सीए पैशेवरो को शक के दायरे में लाना दुर्भाग्यपूर्ण है. व्यापारी कमाता है, कर चोरी करता है, काले को सफेद भी बनाता है और टैक्स पेनल्टी भी वो ही भरता है लेकिन पैशेवर द्वारा उनका साथ देना या मदद करना पैशे को दागदार करता है. सीए पैशेवर […]
Discover the importance of using an auditors expert in the audit process. Learn about evaluating competence, capabilities, and objectivity for reliable audit evidence.
NFRA imposes monetary penalty of Rs Five Lakhs upon CA Rajiv Bengal In addition he is debarred for Five years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate.
Part I – Law(s) Governing the eForm ADT-3 Rule Number(s) eForm ADT-3 is required to be filed pursuant to Section 140(2) of the Companies Act, 2013 and Rule 8 of the Companies (Audit and Auditors) Rules, 2014 which are reproduced for your reference. Section 140: (2) The auditor who has resigned from the company shall […]
APPOINTMENT OF FIRST AUDITOR BY BOARD OF DIRECTORS: The First Auditor of a company (other than a Government Company) shall be appointed by the Board of Directors within 30 days from the date of registration/Incorporation of the company. TENURE OF FIRST AUDITOR: First auditor shall hold office till the conclusion of the First Annual General […]
The concept of One Person Company (OPC) is well understood by all of us and doesn’t need any introduction. We all are aware of the privileges enjoyed by an OPC in comparison to other forms of companies, like non-requirement of holding general meeting, non-requirement of holding board meeting (in case there is only one director), […]
SA 240 defines fraud as an intentional act by one or more individuals among management , those charged with governance , employees or third parties involving the use of deception to obtain an unfair or illegal advantage. Frauds can be of two types fraudulent financial reporting and misappropriation of assets. Fraud risk factors refers to […]
The auditors play a very important role in overseeing the company’s financial matters. As per S. 141 of the Companies Act, 2013 (‘Act’) only chartered accountants can be auditors. S. 143 provides that the auditor of a company shall have access to the books of accounts of the company at all times.
