The tax system is the backbone of a country’s economy, maintaining a constant income, managing economic growth, and fueling its industrial activity. India’s three-tier federal structure consists of the Union government, the state governments and the local authorities that are empowered to collect various taxes and fees in the country. Local authorities include local councils …
Computer security, information technology security (IT security) or cyber security is the protection of computer systems and networks from information disclosure, theft or damage to the hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide. “Cyber security” focuses on protecting computer systems from unauthorised access or being otherwise damaged or made inaccessible. …
With people’s growing interest and knowledge in the field of investment, trading in stock markets has grown significantly in recent years; as a result, it’s become critical to understand how various stock market profits are taxed under the Income Tax Act of 1961. Various stock market earnings and their tax implications Intraday share trading Intraday …
A forensic audit examines and analyses a company’s or an individual’s financial records in order to use them as evidence in court or in legal proceedings. It provides as a foundation for proving commercial fraud in a high-risk setting. Expert knowledge of accounting and auditing methods, as well as expert knowledge of the legal framework …
This SA covers the auditor’s responsibilities when using expert work (person or organisation) for purposes other than accounting or auditing, which necessitates gathering sufficient and suitable audit evidence. The responsibility of the auditor The auditor bears sole responsibility for the audit opinion given in the audit report, which is unaffected by the use of an …
The Securities and Exchange Commission (SEC) of the United States is a federal government watchdog that was founded during the Great Depression. Its purpose is to promote transparency and create reliable information in order to protect investors, the market, and everyone else interested in securities. The SEC is also responsible for enforcing securities laws and …
Auditing is important as it ensures the business’s financial records are accurate and in accordance with applicable rules (including accepted accounting standards), regulations, and laws. It is a process performed by the auditors to analyze the correctness of the business’s financial records. A company can have auditors as an employee, which is called an internal …
An audit grant is usually carried out partway or towards the end of grant period, done to ensure that the grant funds are being as you and the funding body agreed they would be. It involves an auditor checking records including: 1) Allowable cost and legitimacy of an expense purchased with grant money. 2) Cash …
Accounting services are essential to both small and large businesses. The services help to keep businesses on track regarding various payments, financial development, bookkeeping, and business expenses. Professionals provide advice to small starting businesses on the right investment and best structure for their business to ensure financial stability. It’s thus crucial for a business owner …
Nothing is too low for a bear A bear doesn’t probably like to chase and hunt their prey. they’re keen on any kinds of flesh and simply pick you once you are asleep. Bears are often predators albeit they don’t have many enemies. Although most don’t , under normal circumstances, hunt and prey on humans. …