Forensic Accounting has picked up its pace in recent times because of the depth in investigation that it brings to the table. It is a process of accounting wherein the professional forensic accountants use their investigation acumen to look into possible fraud or other such criminal activity. The data is used in the legal proceedings…
Author: AKGVG & Associates
Implications Of COVID On Valuations For Financial Reporting
The pandemic COVID-19 outbreak and subsequent lockdown has severally affected global economies which have resulted in business disruption, volatility and significant fall in revenue of the companies worldwide. Valuers while doing valuation for financial reporting or other purposes are required to take impact of this significant global event and arrive at fair value after due…
Challenges in Conducting Internal Audit During COVID Times
We are more than aware of the challenge that the ongoing COVID19 situation has thrown at us. The impact has been so sudden that the business as well as audit teams were compelled to change the fundamental way of working overnight. As the auditing teams were working remotely, the other vital cogs within the auditing…
Analyzing a Payroll Service Provider
Gone are the days of having traditional, inconvenient in-house payroll systems. There are more reasons than one to do so with major reasons being they’re repetitive, complicated and prone to human error. If you switch to a payroll solution, it can reduce costs, minimize mistakes and lets you plan your business better toward growth. That…
What is marketing audit and its advantages?
It comes as no surprise that marketing whether traditional or digital, shapes up the businesses. In order to get consistent results from all the marketing put in place, it is important to have a regular evaluation with regards to how well your programs are doing to drive the inbound sales which can eventually lead to…
Foreign Exchange Management Act (FEMA), Its Meaning And Regulations
FEMA stands for ‘Foreign Exchange Management Act’. This is an official act amends and implements laws regulating foreign exchange in India. FEMA was established with the objective of “facilitating external trade and payments and promoting the orderly development and maintenance of foreign exchange market in India”. This act was a replacement of the Foreign Exchange…
Studying Coso’s 4 Components Of Internal Control Over Financial Reporting
One of the first requisites for a company’s management is the formulation of reliable financial data. If the business is handled efficiently, it can have a logical consequence which can give access to accurate information that determines the decision making for its operations. What is Internal Control Over Financial Reporting? Internal Control Over Financial Reporting…
GST in the Real Estate Sector
When it comes to meeting tax obligations, homebuyers along with property taxes, also have to pay the applicable GST on their property purchase. Over the last few years, several changes have been made to the GST regime directed towards the real estate sector. Potential investors and homebuyers must scrutinise the implications of GST on real estate to…
What is inventory management and its advantages?
Inventory management is the method with which the company can keep track of a company’s stocked goods and monitoring their weight, dimensions, amounts, and location. The primary objective of inventory management is to give the business owners a pointer to minimize the cost of holding inventory and also to let them know when it’s time…
Presenting Yourself Before Audit Committee
No one would like to be on a sticky wicket or get caught off guard when delivering a presentation — and the stakes are high when you have to conduct the presentation in front of the Audit Committee. Audit Committee members are no one to mess around with; they are sharp, accomplished, and busy professionals…