Tag Archives: #AuditTalk

Q10.26 Interchange of bookkeeping and accountancy: The term book keeping and Accountancy can be used interchangeably ?

Book keeping and accountancy in Marathi

 Interchange of bookkeeping & accountancy Interchange of bookkeeping and accountancy Website link Interchange of bookkeeping and accountancy: While bookkeeping and accountancy are related fields within the realm of financial management, they are not interchangeable terms. They refer to distinct activities and have different scopes of work. Bookkeeping primarily involves the systematic recording, organizing, and maintaining… 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 »