Companies secretarial audit is mandatory Companies secretarial audit is mandatory, The requirement for secretarial audits varies across jurisdictions, and the specific companies for which it is mandatory depend on the applicable laws and regulations. However, here are some common scenarios where secretarial audit is typically mandated: 1. Listed Companies: In many countries, listed companies… Read More »
Secretarial compliance for Pvt Ltd Co Here are some common secretarial compliance obligations for a private limited company: 1.Company Formation and Registration: Ensuring proper formation of the company by registering with the appropriate government authorities, obtaining the necessary permits and licenses, and complying with the legal procedures for incorporation. 2. Maintenance of Statutory… Read More »
Company Required Secretarial Audit Company Required Secretarial Audit, The requirement for secretarial audit varies across jurisdictions, and the specific companies mandated to undergo secretarial audit depend on the applicable laws and regulations. Here are some common scenarios where secretarial audit is typically require: 1. Listed Companies: In many jurisdictions, listed companies are require to… Read More »
Statutory Audit and Tax Audit Tax audit and Statutory audit are two distinct types of audits conducted for different purposes. Statutory audit Statutory audit aims to verify a company’s financial statements to ensure they present a true and fair view of its financial position. It is a legal requirement under the Companies Act, 2013,… Read More »
Contingent Liabilities Contingent liabilities can verify by reviewing the company’s financial statements and related disclosures. Companies are required to disclose significant that liabilities in their financial statements, along with a description of the nature of the liability and the likelihood of it being realized. The notes to the financial statements may also include information about… 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 »
Corporate Audit A Corporate Audit is a comprehensive and systematic examination of a company’s financial records, Corporate Audit policies, procedures, and internal controls to evaluate their accuracy, reliability, and effectiveness. The objective of a is to provide an independent and objective opinion on the financial health of the company, identify potential areas of risk, and… Read More »
Is Internal Audit important An internal audit is a crucial function for any organization as it delivers independent and unbiased assurance regarding the effectiveness of the organization’s risk management, control, and governance processes. Here are some reasons why internal audit holds significance: 1.Enhance operations:It can be identifies inefficiencies, inconsistencies, and areas of improvement in the… Read More »
