Corruption causes high financial damage to companies every year. In addition, there is regularly a considerable loss of reputation for the institution concerned. The topics of preventing and fighting corruption have therefore been in talks for years. More and more frequently, companies are not only faced with the question of what to do if corrupt…
The formal influence of the compliance officer is often limited. Although he may write the Code of Conduct or approve gifts, he often does not have any major decision-making powers beyond that. What then is its function? Is it primarily for publicity? As a fig leaf? Or does he play a completely different role? External…
For most internationally active companies, the topic of trade compliance has become indispensable. The export and import of goods and any services abroad may be subject to various government restrictions. Many companies face difficulty in behaving and acting by the law in foreign trade. Current status of trade compliance According to surveys and studies, the…
Internal controls are crucial to the success of any business and even more critical when it comes to financial reporting, which deals with an organization’s assets & finance. Internal Controls for Financial Reporting serve as the primary source of information to make decisions about everything from expenditures to investments to hiring. If you are new to…
Businesses need to adapt to the constantly changing demands, preferences, and of their customers’ behaviour to be profitable, viable, sustainable, and successful. Over 50% of the world’s population now uses the internet, and the number is rising. Businesses must launch their online presence and develop their web applications as more people go online, interact with…
Mobile devices, tablets, and smartphones with desktop-computer capabilities are what computers and communication will look like in the future. They will be a perfect size operating system with applications and groundbreaking processing power to operate from any location with an internet connection. Every piece of hardware equipped with these advanced software capabilities turns into a…
How much is the value of your company? That is not a speculative query or one that calls for a ballpark guess as a response. Accurately assigning a company’s value is a crucial component of continuing business strategy. Why do businesses invest in valuations? FUNDING AND INVESTMENTS It can be challenging to demonstrate the potential…
Delhi is one of the biggest metropolitan cities in the nation that serves both as the nation’s capital and the administrative center of the state. It serves as India’s hub for trade, culture, and literature on a global scale. The country’s economy depends heavily on Delhi-based small businesses. For this reason, governments are also taking…
The current era is the era of trade, business, and commerce. It results in constant business expansions as it grows and becomes more sophisticated. The establishment of accounting long back resulted from realizing that an organization cannot remember all of its interactions for a given period and must maintain a written record of each commercial…
Undertaking a tax department implies facing a whole complex taxation system. Facing the tax authorities is a constant challenge. And an inattention to standardized procedures can lead to problems with tax authorities. Unfortunately, complying with all tax legislation and always behaving focused on lawful activities can be difficult tasks to balance. In this scenario, accounting…
