Background In the recent past, the audit profession has been the subject matter of public commentary and scrutiny thanks to
What, Why & How for the New TDS Rules That Will Be In Effect From July 1, 2021
Background The Assessment Year (AY) 2020-21 accumulated 6.83 crores Income Tax Returns (ITR) out of a working population of about
Budget 2021 On Corporate Finance
Budget measures: Direct and Indirect Tax changes Relief granted on dividend income earned by shareholders: Advance tax liability will now
Atmanirbhar Bharat Abhayan – Benefits for MSME
Benefits for MSME Definition of MSME Changed (Existing and Revised Definition of MSMEs) Existing MSME Classification Criteria: Investment in Plant
Balance Confirmation Letter
Illustrative of Balance Confirmation Letter to be sent to Debtors – Positive Form [Letterhead of Entity] [Date] [Name and address
Guidance Note on Audit of Debtors, Loans and Advances
The Guidance Note deals with the audit procedures that might be adopted by the auditor in case of audit of
MSME Form 1 – All that you need to know
What is the fuss around MSME Form 1? MCA came with an order dated 22nd Jan 2019 that:
One of the most unprecedented order in the country “Price Waterhouse banned from auditing listed firms for 2 years”
SEBI on January 10, 2018, has barred all 11 Price Waterhouse (PW) firms practicing as Chartered Accountants in India from
Audit Confirmation Software
Firmway helps to enhance the credibility of financials, detect and prevent frauds to uphold the interests of the various stakeholders.
Balance Confirmations – A Never ending Nightmare for Finance department
Financial year closure ensures that the accounts team is occupied with winding up their chef-d’oeuvre “Financials”, but the idea itself