Tax audit is one of the most relevant and demanded types of auditing services in India. During such an audit, the correctness of tax accounting is checked, the formation of a tax base for all taxes and fees, the correctness of the preparation and submission of tax returns, the timeliness of the transfer of taxes and…
The company audit process is necessary to assess whether the defined procedures are respected in the various areas and activities of a “company system” if the roles and duties are clear if the company objectives and policies are correctly managed and pursued. For companies structured under the provisions of regulations, this process of investigation and verification of…
By law, some organizations are required to have their financial statements audited by top audit firms in India. However, despite this legal obligation, the audit represents a strategic expense to guarantee sound management and ensure the profitability of a business or its good management. This is the reason why several organizations, proceed themselves to take the help…
An audit consists of the review, by an accounting expert, of the accounts of a company to prove, before third parties, the reasonableness of the veracity and reliability of its content. The most common audit is the one that is carried out, compulsorily, on the company’s annual accounts and concludes, after review by the audit…
The internal auditor must always have a clear understanding of what is happening in the company and where it must come to become more successful. New technologies, growth in the volume and speed of data exchange, global economic development- all these changes are the requirements for companies. New challenges and risks appear. The internal audit…
Although the concept of auditing tends to generate a bit of fear, the benefits that are achieved by auditing different areas of productive activity are numerous. Audit companies can do a lot for your business, they are an ally! The concept of audit refers to an analysis or examination that is carried out on a…
The profession of an internal auditor is very interesting, but at the same time, it is responsible and requires a significant amount of knowledge, skills in working with arrays of often unstructured information, systematic thinking, understanding, and adherence to professional ethics, and much more. It is no secret that in the process of performing their…
In addition to control tasks, internal auditors can perform economic diagnostics, develop a financial strategy, conduct marketing research, and management consulting. Internal audit is an independent study and assessment of all aspects of an organization’s activities: improving the efficiency of the internal control system, as well as the risk management system and the corporate governance…
The accounting records in a company are essential for its success, since, in addition to helping in making strategic decisions, it is the way to constantly evaluate the state of its finances and guarantee its profitability. The importance of keeping proper accounting in the company is such that without it you would not know how…
A few years ago, it was not accepted to talk about internal audit as a profession. In many companies, employees of internal audit services or specialists acting as internal auditors have held positions of economists, financial analysts, and accountants. Gradually, internal audit is being formalized into a full-fledged profession with all its attributes and…
