Category: Auditing and Assurance

• Auditing and Assurance
• October 7, 2022

Why is Business Understanding Important for the Auditor?

• Auditing and Assurance
• September 22, 2022

SA 701: Communicating Key Audit Matters

• Auditing and Assurance
• August 22, 2022

Clause 44 of Form 3CD – Break up of Total Expenditure

CBDT had introduced the new clause, i.e., Clause 44 for Form 3CD, updated in the tax audit form. Under this clause, a break up of total expenditure needs to be provided, including purchases made during the year. This clause is abeyance until 31st March 2022 vide CBDT Circular No. 5/2021 dated 25.03.2021. However, this clause

• Auditing and Assurance
• August 4, 2022

Conducting the Audit of a Public Limited: Who does it and How?

What is a Public limited company?According to section 2(71) of Companies Act, 2013 Public company has separate legal entity that permits  its shares to be traded on the market for the public to take a position in it. According to the provision of Companies Act 2013, it is compulsory for a Public Limited Company to