Simple way of checking the applicability of Section 148 with regard to applicability of maintenance of Cost records or cost audit for 2024-25 is to review the financials of 2023-24 &Check the Total turnover of the Company
Valuation of intangible assets under IFRS (International Financial Reporting Standards) involves assessing their fair value, which is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm's length transaction.
In the matter of M/s S. Prakash Aggarwal & Co., ICAI Firm Registration No. 06105C, under Section 132(4) of the Companies Act 2013 read with Rule 11(6) of National Financial Reporting Authority 2018 - Order No. - 009/2024
Understanding various flags and fixing the flags
In the sphere of organizational management, audits serve as indispensable tools for enhancing efficiency, ensuring compliance, and driving overall effectiveness. Among the array of audit types, two stand out prominently: systems audit and process audit.
Recently, MCA issued various notices after reviewing the cost audit reports, and now ICMAI has come up with an advisory, which we need to follow. We request that you ensure the accuracy of the data, the timely completion of the data, and the filing of the cost audit report.
In this article, we delve into the statutory auditors' responsibilities concerning fraud in a company, emphasizing the importance of vigilance and adherence to regulatory mandates.
HR audits are important because they help avoid legal problems and make sure employees are happy. By checking how things are done, companies can fix issues and prevent lawsuits or complaints.
In the vibrant realm of business, Small and Medium Enterprises (SMEs) serve as pivotal contributors, fostering innovation, generating employment, and stimulating economic growth.
In this article, we will discuss in depth about audit of branch of bank.
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