Category Archives: Audit & Assurance

Note on Internal Financial Controls Exemption for Private Limited Companies

Internal Financial Controls – Applicability on Private Limited Companies As per provisions of Section 143(3)(i) of companies Act, The Auditor Report shall state whether the Company has adequate internal financial controls system inplace and the operating effectiveness of such controls. … Continue reading

Posted in Audit & Assurance | Tagged , , | Leave a comment

The top five benefits of IT Auditing

Nowadays, for any business or organization, IT plays a major role. An IT audit is used to evaluate the information systems and the safeguards present to protect these systems. The purpose of the IT audit is to determine whether or … Continue reading

Posted in Audit & Assurance | Tagged , | Leave a comment