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Tag Archives: Internal Audit

Internal Audit & Internal Financial Control

Internal Financial Controls CAknowledge

Internal Audit & Internal Financial Control, According to Companies Act 2013, Internal Financial Control (IFC) is a procedure to follow proper policies, such as prevention and recognition of fraud, obedience to company policies, protection of company assets, preparing and maintaining accurate accounting records according to GAAP (Generally accepted accounting principles). Indian regulators are trying to bring regulatory changes from the western …

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Internal Control – Meaning, Objectives, Scope, Limitations

Internal Control - Meaning, Objectives, Scope, Limitations

Internal Control – Meaning, Objectives, Scope, Limitations. As per SA-315, the internal control may be defined as “The process designed, implemented and maintained by those charged with governance, management and other personnel to provide reasonable assurance about the achievement of an entity’s objectives. Find Complete details regarding Internal Control like – Meaning of Internal Control, Objectives of Internal Control Scope of Internal Control, Limitations of …

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Internal Audit Checklist for Audit of Indirect Taxes

Internal Audit Checklist for Audit of Indirect Taxes

Internal Audit Checklist for Audit of Indirect Taxes. This Article contains all the important checks to be done while auditing indirect tax process during internal audit. In this article you can find complete check list for auditing of Excise and Serivce Tax Laws and Auditing of Value Added Tax / Central Sales Tax. Now you can scroll down below n check more details for …

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