Tag Archives: #AuditProficiency

Bookkeeping Accounting Principles?

Bookkeeping Accounting Principles

Bookkeeping Accounting Principles   Bookkeeping Accounting Principles are closely intertwine terms that encompass the meticulous documentation, arrangement, and communication of financial transactions and data for a business or organization. Despite their interconnections, these two concepts hold separate significance. Going Concern Principle: This principle assumes that a business will continue its operations in the foreseeable future.… Read More »

Company secretary audit :Can a company secretary do audit ?

Company secretary audit

Company secretary audit A company secretary typically does not perform audits. The role of a Company secretary audit primarily involves ensuring compliance with legal and regulatory requirements, providing support to the board of directors, maintaining company records, and facilitating corporate governance processes. Auditing, on the other hand, is a specialized field that involves the examination… Read More »

What is the difference between statutory audit and tax audit?

Risk Management

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 »