Tag Archive
CORPORATE GOVERNANCE: AN INDIAN OVERVIEW- I
It was in 1990’s when India opened its doors to the world. Since then India is the one of the largest growing economy in the world. Despite of opportunities there had been a significant rise in financial frauds which resulted Indian government to enact stringent laws. In 1998 the Confederation of Indian Industries (CII) [...]
HALF YEARLY INTERNAL AUDIT MANDATORY
Half yearly internal audit has been made compulsory for stock brokers by SEBI. SEBI a premier body which regulates the securities related issues. The internal audit should be done only by an independent qualified Chartered Accountant, company secretaries, or cost and management accountants who do not have any conflict of intrest. For more log [...]
FINANCIAL AUDIT –A TOOL TO AVOID FINANCIAL FRAUDS -III
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Vat Audit
Vat Audit is a popular concept in foreign countries. Countries like France & Korea have made VAT audit compulsory to keep a check on tax evasion. The concept of VAT audit is new for India. But most of the states have incorporated the audit provisions since inception. Especially some states like Maharashtra, Karnataka [...]
FINANCIAL AUDIT –A TOOL TO AVOID FINANCIAL FRAUDS
In today’s economic environment, information and accountability have vital role for any business to flourish. The information which the business organization provides should be accurate and reliable. To ensure the reliability and the accuracy, audit is not only necessary but is also indispensable.The most general definition of audit is an evaluation of a person, [...]