Statutory Auditors in India help businesses maintain trust with stakeholders, including shareholders, government authorities, and creditors. Their reports serve as a foundation for informed decision-making, safeguarding against fraud, and upholding corporate governance standards.
BCom Auditing and Corporate Governance Notes-1.pdfMystatus4
ย
In this Slides we have Provided BCom Auditing and Corporate Governance most important Questions and Answers with some important Points and notes which helps you to score good marks.
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Auditing is the process of verifying the validity of a company's various financial statements. Many renowned experts have defined auditing from their own perspectives. Below are the thoughts of some of the authors who commented on their respective opinions.
BCom Auditing and Corporate Governance Notes-1.pdfMystatus4
ย
In this Slides we have Provided BCom Auditing and Corporate Governance most important Questions and Answers with some important Points and notes which helps you to score good marks.
If you want more information regarding this topic then please visit our sites https://www.thetreasurenotes.in and https://www.proedunotes.in
Auditing is the process of verifying the validity of a company's various financial statements. Many renowned experts have defined auditing from their own perspectives. Below are the thoughts of some of the authors who commented on their respective opinions.
Our Due Diligence team helps you assess businesses in Dubai and across other emirates in the UAE to provide you with information relevant to making decisions on such transactions.
Auditors independence
Independence of the internal auditor
Independence of the external auditor
Types of independence
Real independence and perceived independence
RELATIONSHIP BETWEEN AUDITING WITH OTHER SUBJECTS
Due diligence is a process of thorough and objective examination that is undertaken before entering into major transactions such as mergers and acquisitions, issuing new stock or other securities, project finance, securitization etc.
One of the key objectives of due diligence is to minimize, to the maximum extent practicable, the possibility of existence of unknown liabilities or risks. The exercise is multi-dimensional and involves investigation into the business, financial, accounting, tax, legal matters, complianceโs apart from reviewing policies, internal controls.
WE UNDERTAKE FINANCIAL, SECRETARIAL AND STATUTORY DUE DILIGENCE.
Due diligence refers to the in-depth research and analysis of a business or an individual should undertake before entering into an agreement with another party. The agreement could be a business partnership, investment or a bank loan. Due diligence allows you to understand the value of another party and if there are any potential issues. You should obtain all the necessary information to make sure that the deal is good rather than a costly mistake.
To assess the target companyโs assets, capabilities and financial performance there are more than 20 angles of due diligence, but below we have considered some of the main types:
DUE DILIGENCE SERVICES
Administrative Due Diligence
FINANCIAL DUE DILIGENCE
This is one of the most important types of Due Diligence. It helps to verify whether the financial status showcased in the CIM (Confidentiality Information Memorandum) is accurate or not. It gives a thorough understanding of all the companyโs financial whereabouts that includes last three-year financial statements, companyโs projections, recent unaudited financial statements, debtors, creditors, schedule of inventory, capital expenditure plan, etc.
This process also involves analysis of fixed and variable cost, profit margin, Major customer accounts and comprehensive investigation of internal control procedures. To receive more accurate projections Financial Due Diligence additionally examines the companyโs sales pipeline and order book.
ASSET DUE DILIGENCE
In this type of due diligence, you will get the complete report of the detailed schedule of fixed assets and their location. If possible physical varication of the location is also performed. Verification also includes an in-depth report of sales and purchases of capital equipment, all lease agreements of the equipment, title policies, mortgages, real estate deeds and used permits.
HUMAN RESOURCES DUE DILIGENCE
Human resources DD is very extensive and includes the following
It provides the analysis of a total number of employees, current vacancies, employees serving the notice period and people due for retirement.
It includes an examination of current salaries, years of service and bonuses offered in the last three years.
You also get the details about the non-disclosed employee contracts, non-competition and non-solicitation agreements between the employee.
7 Steps to Conducting a Financial Audit | The Enterprise WorldTEWMAGAZINE
ย
Overview of the financial audit process: 1. Preparing for the Audit 2. Assessing Internal Controls 3. Gathering and Reviewing Financial Data 4. Testing Financial Transactions and Balances 5. Summarizing Findings and Preparing Audit Reports 6. Post-Audit Follow-Up 7. Wrapping up
This presentation gives us an insight about how creative accounting can be. But this creative forms may also sometimes lead to fraud. This presentation will tell you what legal actions are taken when such a crime is committed.
An exercise whose objective is to enable auditors to express an opinion on whether the financial statements give a true and fair view (or equivalent) of the entityโs affairs at the period end and of its profit or loss (or income and expenditure) for the period then ended and have been properly prepared in
accordance with the applicable reporting framework (e.g. relevant legislation and applicable accounting standards) or where statutory or other specific requirements prescribe the term, whether the financial statements โpresent fairlyโ.
Our Due Diligence team helps you assess businesses in Dubai and across other emirates in the UAE to provide you with information relevant to making decisions on such transactions.
Auditors independence
Independence of the internal auditor
Independence of the external auditor
Types of independence
Real independence and perceived independence
RELATIONSHIP BETWEEN AUDITING WITH OTHER SUBJECTS
Due diligence is a process of thorough and objective examination that is undertaken before entering into major transactions such as mergers and acquisitions, issuing new stock or other securities, project finance, securitization etc.
One of the key objectives of due diligence is to minimize, to the maximum extent practicable, the possibility of existence of unknown liabilities or risks. The exercise is multi-dimensional and involves investigation into the business, financial, accounting, tax, legal matters, complianceโs apart from reviewing policies, internal controls.
WE UNDERTAKE FINANCIAL, SECRETARIAL AND STATUTORY DUE DILIGENCE.
Due diligence refers to the in-depth research and analysis of a business or an individual should undertake before entering into an agreement with another party. The agreement could be a business partnership, investment or a bank loan. Due diligence allows you to understand the value of another party and if there are any potential issues. You should obtain all the necessary information to make sure that the deal is good rather than a costly mistake.
To assess the target companyโs assets, capabilities and financial performance there are more than 20 angles of due diligence, but below we have considered some of the main types:
DUE DILIGENCE SERVICES
Administrative Due Diligence
FINANCIAL DUE DILIGENCE
This is one of the most important types of Due Diligence. It helps to verify whether the financial status showcased in the CIM (Confidentiality Information Memorandum) is accurate or not. It gives a thorough understanding of all the companyโs financial whereabouts that includes last three-year financial statements, companyโs projections, recent unaudited financial statements, debtors, creditors, schedule of inventory, capital expenditure plan, etc.
This process also involves analysis of fixed and variable cost, profit margin, Major customer accounts and comprehensive investigation of internal control procedures. To receive more accurate projections Financial Due Diligence additionally examines the companyโs sales pipeline and order book.
ASSET DUE DILIGENCE
In this type of due diligence, you will get the complete report of the detailed schedule of fixed assets and their location. If possible physical varication of the location is also performed. Verification also includes an in-depth report of sales and purchases of capital equipment, all lease agreements of the equipment, title policies, mortgages, real estate deeds and used permits.
HUMAN RESOURCES DUE DILIGENCE
Human resources DD is very extensive and includes the following
It provides the analysis of a total number of employees, current vacancies, employees serving the notice period and people due for retirement.
It includes an examination of current salaries, years of service and bonuses offered in the last three years.
You also get the details about the non-disclosed employee contracts, non-competition and non-solicitation agreements between the employee.
7 Steps to Conducting a Financial Audit | The Enterprise WorldTEWMAGAZINE
ย
Overview of the financial audit process: 1. Preparing for the Audit 2. Assessing Internal Controls 3. Gathering and Reviewing Financial Data 4. Testing Financial Transactions and Balances 5. Summarizing Findings and Preparing Audit Reports 6. Post-Audit Follow-Up 7. Wrapping up
This presentation gives us an insight about how creative accounting can be. But this creative forms may also sometimes lead to fraud. This presentation will tell you what legal actions are taken when such a crime is committed.
An exercise whose objective is to enable auditors to express an opinion on whether the financial statements give a true and fair view (or equivalent) of the entityโs affairs at the period end and of its profit or loss (or income and expenditure) for the period then ended and have been properly prepared in
accordance with the applicable reporting framework (e.g. relevant legislation and applicable accounting standards) or where statutory or other specific requirements prescribe the term, whether the financial statements โpresent fairlyโ.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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Discover the innovative and creative projects that highlight my journey throughย Full Sail University. Below, youโll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujaratโs DholeraAvirahi City Dholera
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The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isnโt just any project; itโs a potential game changer for Indiaโs chipmaking aspirations and a boon for investors seeking promisingย residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. Youโll also learn
โข Four (4) workplace discipline methods you should consider
โข The best and most practical approach to implementing workplace discipline.
โข Three (3) key tips to maintain a disciplined workplace.
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Improving profitability for small businessBen Wann
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Statutory Auditor in India Ensuring Financial Compliance & Integrity.pdf
1. STATUTORY AUDITOR IN INDIA
Before you know the meaning of the statutory auditor, it is essential to understand the purpose
of the audit. Some people think that it is only about checking. However, the term is
comprehensive and encompasses a lot more than just โcheckingโ. Moreover, to become the
statutory auditor in India, you have to be a qualified Chartered Accountant. No other person has
the authority to conduct a statutory audit for any organization. Deviation of such rules can lead
to adverse legal consequences.
Definition of Statutory Audit
A statutory audit is a legally required check of the accuracy of the financial statements and
records of a company or government. A statutory audit is intended to determine if an
organization delivers an honest and accurate representation of its financial position by
evaluating information, such as bank balances, financial transactions, and accounting records.
An audit is an examination of records held by an agency, company, government department, or
individual. This usually involves analyzing different financial records or other areas.
Role of Statutory Auditor
To operate the business smoothly and without any complications, a statutory audit is
significant. Moreover, it is mandatory for certain companies as per the relevant laws. The term
statutory signifies that statutory audit is necessary.
2. Skills of the Statutory Auditor
The primary skills of the statutory auditor are as follows;-
Self-motivation and determination concerning the discharge of duties
Expressing an opinion in the independent manner
Excellent skills to meticulously solve the problems
Accounting knowledge and ability to deal with statistical issues
Ability to work in a diverse environment
Competence to identify the risks or fraud or errors and other vulnerabilities present
Ability to check the internal control system
Possesses a team-oriented mentality
Can communicate effectively and efficiently
Innovative and confident at the same time
Fabulous at handling the latest technological advancements
Promoters of Risk Management and Appropriate Corporate Governance
The objective of a financial audit is often to assess whether funds have been properly handled
and that all records and filings required are accurate. Undergoing a statutory audit is not an
implicit indication of misconduct. Instead, it is also a formality intended to help discourage
crimes, such as misappropriating funds by ensuring a professional third party routinely
scrutinizes various documents. The same applies to other audit forms too.
A statutory auditor applies various rules to conduct the audit as the respective statute requires.
These are the Auditing and Accounting Standards. Also, the person must have sufficient
knowledge and skills to identify the errors, misrepresentations, or frauds, if any. Moreover, the
most significant duty of the statutory auditor is to express a reasonable opinion in the Final
Audit Report.
Chartered Accountant must adhere to all the procedures and standards of the Institute.