IEPF Amendment Rules, 2021 – Revised Form IEPF – 4 & IEPF-7

IEPF Amendment Rules, 2021 - Revised Form IEPF - 4 & IEPF-7 Ministry of Corporate Affairs notifies the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer, and Refund) Amendment Rules, 2021 to amend the IEPF Rules, 2016.  With…

Auditor and his role in a Company

Auditor and his role in a Company Audit is a corporate governance practice that is conducted to put a check on an entity. It is the thorough examination of complete books of accounts, transactions entered into by the company, physical…

Audit Programme

Audit Programme An audit programme is a set of instructions which are to be followed by the auditor for the proper execution of an audit. After the audit plan has been developed, a detailed audit programme is formulated and written.…

Audit Committee

Audit Committees Audit Committee plays a critical role by ensuring the independence of an audit process. Auditing the operations of a modern corporation is an intricate and complex process that would require the understanding of the rules and judgements taken…

Due Diligence

Due Diligence Any merger and acquisition have to be carefully planned and executed; therefore, before closing a deal and to make informed decisions, the buyer typically carries out specific agreed-upon procedures to address the agreement from commercial, financial, tax and…

Audit Report Format – Qualified Opinion

Audit Report Format - Qualified Opinion Audit report is a document prepared by the Auditor of the Company who must be a practising Chartered Accountant. All companies registered in India are required to appoint an Auditor and get the accounts…

Audit Report Format – Unqualified Opinion

Audit Report Format - Unqualified Opinion Audit report is a document prepared by a Chartered Accountant appointed by the Board of Directors of the Company after examining the accounts and operational records of a company. All Companies registered in India…

What is Audit Trail?

What is Audit Trail? Audit trails helps in the maintenance of a record related to system activity by means of system and application processes as well as by user activity of systems and applications.  In coincidence with appropriate tools and…

What is Continuous Auditing?

What is Continuous Auditing? Continuous auditing has been defined as a methodology or framework that enables auditors to present written results on the subject matter by means of one or a series of reports issued at the same time. The…

What is Internal Control?

What is Internal Control? Internal control offers guidance, practices and measures that the accounting system needs to operate within an enterprise. Internal control are intended to defend against fraud and abuse, guarantee accurateness and appropriateness of information, and ensure that…