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Page 6 - Audit
Joint audits don't add up
The audit profession is in the spotlight for all the wrong reasons, the latest trigger being the IL&FS fiasco and the alleged involvement of the auditing firms in the scandal
 "Joint audits don't add up")
Updated On : 06 Jun 2019 | 12:46 AM IST
Higher onus on trade in new audit approach
Under the new scheme, transaction-based audit will be confined to a few transactions under the risk management system
 "Higher onus on trade in new audit approach")
Updated On : 13 Jan 2019 | 11:41 PM IST
Audit giants see dominance waning
As a three-year transition for mandatory rotation ends in April 2017, smaller competitors are gearing up with aggressive pricing and hiring strategies
 "Audit giants see dominance waning")
Updated On : 27 Jun 2016 | 10:24 AM IST
Presumptive taxation: No audit for turnover up to Rs 2-cr
Section 44AB of the Income-tax Act makes it obligatory for every person carrying on business to get his accounts of any previous year audited if his total sales, turnover or gross receipts exceed Rs 1 crore
 "Presumptive taxation: No audit for turnover up to Rs 2-cr")
Updated On : 21 Jun 2016 | 1:30 AM IST