Company secretary audit Company secretary audit, on the other hand, is a specialized field that involves the examination and verification of financial records, statements, and processes of an organization. Audits are typically conduct by qualified professionals known as auditors, who may be external to the organization or employee within an audit firm. While a… Read More »
Introduction Audits play a crucial role in ensuring transparency, accuracy, and compliance in financial reporting. Businesses and organizations undergo different types of audits to verify their financial records. Among the most common are statutory audits and tax audits. Though both serve regulatory purposes, they have distinct objectives, applicability, and legal requirements. This article explores… Read More »
Types of Accounting standard Types of Accounting standard, 1.International Financial Reporting Standards (IFRS): These are a set of accounting standards developed and maintained by the International Accounting Standards Board (IASB). They are use by companies in more than 140 countries, including India, to prepare their financial statements. 2. Generally Accepted Accounting Principles (GAAP): These are… Read More »