Tag Archives: #FinancialInspection

Fund utilization certificate: How to Prepare Fund Utilization Certificate ?

Fund utilization certificate To prepare a fund utilization certificate, follow these steps: 1.Gather Information: Collect all relevant details related to the funds that have been allocated and utilized. This includes information about the funding source, project or program, budget, and expenditure records. 2.Understand Requirements: Familiarize yourself with the specific requirements or guidelines set by the… Read More »

Is net worth liquid?

Net Worth Liquid Net Worth Liquid does not consider liquidity. It represents the difference between a person’s or entity’s assets and liabilities. It is a measure of wealth, reflecting the value of the individual’s or entity’s assets after subtracting their debts or liabilities. While net worth indicates the value of one’s overall financial position,… Read More »

Difference between no dues Certificate and no Objection Certificate?

No Dues and No Objection Certificate A “No Dues Certificate” and a “No Objection Certificate” are two different types of documents used in various contexts. Here are the differences between them: No Dues Certificate: 1.Meaning: A No Dues Certificate, also known as a Clearance Certificate, is a document issued by an individual or organization to… Read More »

What is liquid net worth calculator ?

Liquid Net Worth Calculator A liquid net worth calculator is a tool or online resource designed to assist individuals in determining their liquid net worth. It automates the process of determining the value of liquid assets, calculating liabilities, and providing a final estimation of liquid net worth. These calculators are designed to simplify… Read More »

Why 15CA/CB is required?

Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »

Why TDS certificate required?

TDS Certificate Required TDS certificate required, TDS (Tax Deducted at Source) certificates are vital for providing conclusive proof of tax deduction at the source and play a critical role in enabling various procedures associated with income tax compliance. The following are key reasons highlighting the importance of TDS certificates: Proof of Tax Deduction: TDS certificates… Read More »

What is an external audit?

An External Audit An external audit, also referred to as an independent audit or statutory audit, involves an impartial auditor examining a company’s financial statements and accounting records. The main objective of this audit is to provide assurance to the stakeholders of the company, including shareholders, creditors, and investors. It verifies that the financial statements… Read More »

What is cost audit?

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Cost Audit Cost audit is a type of audit that focuses on the analysis of the cost structure of an organization. It aims to identify areas where costs can be reduced, efficiency can be increased, and profitability can be improved. This type of audit report is a detailed report that is prepared by the… Read More »