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 accounting of the company is not the only thing for the tax advisor or the business accountant. Four actors are interested in knowing the status of the business’s accounting: the company, the company’s partners, the company’s advisor, and the State. The company Everyone in a company has an interest in knowing the status of…
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…
You open a company, commission an agency to create a brand for your business, you like it, you feel it yours. Meanwhile, the business grows, the turnover too. Your name begins to circulate. Years of work are finally rewarded by the success you had always hoped for: a brand well positioned on the market and…
Checking the internal control system is the most frequent task. Several types can be distinguished here: financial audit, operational audit, compliance audit (compliance audit), audit of information technology (information systems), audit in the field of environmental protection. A financial audit is an audit of the accounting and financial reporting control system. It aims to ensure…
If you have a car, a flat, you always register it to make sure that it is your property. So why don’t we do the same when we have a company? To inform a public body that you are the owner, and prevent another from using it, what you have to do is register it…
This section has been inserted by Finance Act 2021 which will be effective from 01-July-2021. Applicability The buyer is liable formaking payment of a sum to the resident seller and related payment is to be make for the purchase of goods of the value/aggregate of the value exceeding INR 50 Lakhsin any previous year, shall,…
The Finance Act 2021 always came up with several amendments to the existing provisions. One new amendment has beenintroduced by the Finance Act 2021with respect to the scope of Slump Sale and Computation of Capital Gain in the case of Slump Sale. With this amendment, the Central Board of Direct Tax (CBDT) has brought some…
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…
