Fraud

What is Fraud? According to SA 240 "The fraud refers to intentional misrepresentations regarding financial information by one or more individuals among management, employees or…

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Internal Control

What is Internal Control? The plan of organization and all the methods & procedures adopted by the management of an entity to assist in achieving…

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Internal Audit

What is Internal Audit? Internal audit is the review of the various operations of the company & of its records by staff specially appointed for…

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Types of Audit

There are various types of audit. Auditor may choose any audit procedure for conducting audit of financial statements. Audit procedure may vary from enterprise to…

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What is Audit?

An audit is an independent examination of financial information of any entity, whether profit-oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon.

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What is Income Tax

What is Income Tax? Income Tax is tax on income. According to the Constitution of India, income tax is a central subject. Income Tax on…

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How Recession Started?

How recession started? According to the assumptions and reports of honorable IMF chief economist and ex- RBI governor Mr. Raghu Ram Rajan. US and China…

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Preference Share

What is Preference Share? Preference shares as those shares which carry preferential rights as the payment of dividend at a fixed rate and as to…

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Debentures

What is Debentures? Definition: Debentures are a fixed-interest, fixed term investment. They are offered by finance and industrial companies which are referred to as issuers.…

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