Audit and Assurance Audit and Assurance are related concepts but are not the same thing. Assurance is a broader term that encompasses various activities aimed at providing confidence to stakeholders regarding the reliability, accuracy, and compliance of information. It involves evaluating and expressing an opinion or conclusion on a subject matter, which could be… Read More »
Tax Audit Tax audit is a process mandatory by the Indian Income Tax Act, 1961, designed to verify the accuracy of an individual or business’s financial records and tax returns. It is an examination of income and tax deductions to ensure that taxpayers comply with applicable tax laws. The tax audit serves as a… Read More »
GST Audit It involves a thorough examination of a taxpayer’s GST records and returns by a qualified chartered accountant. The purpose of this audit is to ensure that the taxpayer has complied with the provisions of the GST Act, 2017. Under the GST Act, certain taxpayers obligate to undergo by it. To visit https://www.gst.gov.in/ The… Read More »
