Category: Audit and Assurance

Reporting of the financial data of the company is very important for both the management of the company as well as the investors of the company. we have seen many instances in which the company tried to cheat its way...

The importance of capital is known to every businessman. The way the capital of a business is structured plays a very important role in the growth and development of a business. a good capital structure of a business not only...

Business Valuation is the process of acquiring the worthy status of your company. It means that the established company has to keep checking on their company’s assets, share values, liability, income, and management to make up their mind about their...

Regular internal audits of a company help the business understand its internal operations, specific product/ project financials and help prevent financial fraud or mismanagement.(Read all the importance of internal audit) In this article, we’ll look at the Internal audit plan, its...

Association of two or more people to carry out business for profit-making purpose is termed as Company. The Company got a separate legal identity in the eyes of the law but cannot perform the business activity on its own, to...

The Audit of a company will provide a comprehensive picture to the investors about the business. To properly prepare the audit reports, the auditors are required to find the relevant data. This in a nutshell is an Audit Evidence gathering...

A company’s financial statement analyzes a company’s finances over time. A country’s law requires companies to keep records of their economic activity to track their finances and prevent financial mismanagement. Financial Statement Analysis Financial statement analysis involves analysing a company’s...

A scheduled internal audit allows you to gauge the effectiveness of your business’s internal control system. An internal audit occurs once or twice every year. An internal audit helps uncover internal control weaknesses and evidence of fraud, wastage or abuse...

An organizations financial reporting standard determines the transparency that the company maintains with its board members and primary shareholders, but what it lacks to determine is the crucial intricacies in outlining the cashflows both in terms of influx and outflow...

Be it a small mom and pop business, a retail chain, a Fortune 500 company, a government programme or a financial agency, all of them require regular, strategic, and comprehensive audits to track an organisation’s financials. Below are the major differences...