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Financial Statements Audit simply means the examination, inspection, or review of an entity's financial statements[1]. The process of financial statement a...
The issues of auditing disclosures have been recently considered by the International Auditing and Assurance Standards Board (IAASB)[1]. Various factors su...
A venture's receipt of government grants is crucial for the preparation of financial statements for two reasons. First, an appropriate accounting strategy...
Profit and loss are two sides of a coin. However, incurring losses can be demoralizing for the business, but the Indian Income-tax law does provide taxpaye...
Businesses often face a financial crunch due to delayed payments by their customers and the inability of the businesses to collect those payments and other...
Today there are many entities offering accounting services to different businesses. Outsourcing the work of an accountant allows businesses to save a major...
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Financial fraud is quite frequent in an organisation regardless of strict regulatory requirements. Frauds are not always extraneous, like phishing; fraud c...
The recent amendments to the Foreign Exchange Management (Non-debt Instrument) Rules, 2019 (FEM...
Gifts amongst spouses in India are generally not subject to tax and, therefore, remain a very a...
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The capital market regulator, i.e., the Securities Exchange Board of India (SEBI), made signifi...
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