Internal Audit: Essential for Businesses of All Sizes
Internal auditing is crucial for businesses—whether
small startups or large enterprises—to manage risks, ensure compliance, and
boost operational efficiency. While often viewed as a function for large
corporations, internal audits are equally beneficial for small and medium-sized
enterprises (SMEs).
- 31st Jan 2025
- Category: Auditing
- views: 80
Statutory Audit under the Companies Act
A statutory audit is a mandatory audit of a
company’s financial records as per legal requirements. Under the Companies Act,
2013, every company registered in India, whether public or private, must
undergo a statutory audit to ensure the accuracy of financial statements and
compliance with various laws and regulations.In this blog, we will delve into
the statutory audit requirements, its purpose, who it applies to, and the
process involved under the Companies Act.
- 30th Sep 2024
- Category: Auditing
- views: 122
Trust Audit Under Section 11 &12 of the Income Tax Act
Mandatory requirement in the case of
Charitable/Religious Trusts.Apply only for those trusts who are claiming
exemptions u/s 11 and 12 of the Income Tax Act.
- 24th Sep 2024
- Category: Auditing
- views: 106
Limited Liability Partnership Conversion
Any existing partnership firm that is willing to get converted into LLP will need to apply through Form 17
- 11th Dec 2021
- Category: Auditing
- views: 269
