Tag Archives: #RegulatoryAudit

Are LLP regulated?

Are LLP regulated Limited Liability Partnerships (LLPs) have gained popularity among entrepreneurs and professionals for their unique blend of flexibility and protection. However, a common question arises: Are LLPs regulated?   Understanding LLPs An LLP is a business structure that allows partners to manage the business while enjoying limited liability protection. This means that individual partners… Read More »

When LLP is required to audit ?

When LLP is required to audit     The requirement for LLPs to undergo an audit varies based on the jurisdiction and the specific regulations in place. Here are some general guidelines regarding when an LLP may be required to undergo an audit:  Size Criteria: In many jurisdictions, LLPs are required to undergo an audit… Read More »

No statutory dues certificate by Chartered Accountant?

  No statutory dues certificate Understanding the Significance A ‘No Statutory Dues Certificate’ issued by a Chartered Accountant serves as a declaration that the company has met all its statutory obligations concerning taxes, duties, and other dues within the stipulated timelines. This certificate is not merely a formality but a rigorous assessment of financial records… Read More »

What is an importance of audit report?

What is the Importance of an Audit Report?   An audit report is a crucial document that offers an independent evaluation of a company’s financial statements. It is prepared by auditors who review the company’s finances to ensure they are accurate, reliable, and compliant with relevant accounting standards. But why is this report so important?… Read More »

Audit assurance types?

Types of Audit Assurance Audit Assurance, There are several types of audit assurance engagements, each providing a different level of assurance to stakeholders. The main types of audit assurance engagements include: Financial Statement Audit: This is the most common type of assurance engagement. It involves an independent auditor examining an organization’s financial statements and providing… Read More »