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Accountancy Paper
Quiz on Accounting Standards : 10 MCQs
Accounting standards are noting but principles of accounting. The term 'Standards' in place of 'principles' was introduced by the British when they set up their Accounting Standards Steering Committee in 1969.Later in 1973, the 'Standard'…
Audit Engagement & Documentation – Part 2 !
Audit Engagement & Documentation
The term audit is derived from the Latin term ‘audire,’ which means to hear. In early days a person used to listen to the accounts read over by an accountant in order to check them. He was known as…
Internal Audit – Quiz To Test Your Knowledge !
Internal Audit
There are various forms of auditing exercise. In many cases, audit is prescribed by relevant statutes i.e. Companies
Act, 2013, Income Tax Act, 1961, otherwise, audit can be carried out at the discretion of management. Here…
Audit Engagement & Documentation – Part 1 !
Audit Engagement & Documentation
The most successful audits are those involving sound planning and those in which the auditee and the auditors have a constructive working environment. In a conducive environment, auditee, should…
Liquidation of Companies – 10 Questions to Know !
LIQUIDATION OF COMPANIES
There is a myth that only the ill performing companies or loss making companies go under liquidation process. But this is a myth only. A well performing company may also opt for gong into liquidation. Liquidation…
ICDR-Promoters Contribution
ICDR-Promoters Contribution
SEBI(ICDR) Regulation,2009 provide various rules and regulations for the issue. Since it involves promoters,public and various institutions and their funds, rules have to be stronger so that fund has the right…
