Tag Archives: #AuditProficiency

What are 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 »

Can a company secretary do audit?

Company secretary audit

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 »

What is the difference between statutory audit and tax audit?

Risk Management

  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 »