Competition between CA and CMA: a real-time case study
Chartered accountants handle statutory audits and GST audits. In companies, cost accountants take care of the cost and internal audit. Statutory audit is according to the compliances set by the government. As both professionals work in top management, there is tough competition between the two positions. The blog talks about a recent case that came […]
E-commerce and Indian tax system
International business and tax evaluation is a challenge to the Indian government. The Indian government welcomes foreign direct investment and constantly monitors the international establishment. In October 2023, the Indian tax department had examined around 40 solar modules. These modules are made in China and distributed in India. The reason behind this operation is the […]
2023 Top CEO
CEO is the position that monitors the overall growth of the company. In large corporations, the CEOs handle the high-level strategic decisions. Satya Nadella is the CEO of Microsoft. He is the CEO with an Indian native and a high market cap. His wealth is around $1920 BN. Google CEO is in the second position […]
Partner lay-off at EY, USA
EY has recorded the global combined revenue for June 2023 as US$49.4b. EY is investing in the latest technologies, innovation, and partnerships. The partner layoff is the hot news that shows the change in the business model of EY. The blog takes a tour of the walk of the big four firms. The global accounting […]
ICSI comments about social media
ICSI students had concerns with the June 2023 results. The students have taken the issue to social media. ICSI warned the students and denied the thoughts of the students. The students commented on the results as a matter of disciplinary action. The ICSI has advised the students to maintain determination and follow discipline to be […]
Technical guide for form GSTR-9C
GSTR 9 is the reconciliation statement that checks the automated and audited annual turnover. The taxpayer submits the GSTR–9C form. The submission is for a self-certification of tax liability. If there is additional liability, the taxpayer uses FORM DRC-03 to pay it. The latest updates with the GSTR-9c form are in this blog. A […]
Foreign Direct Investment: A look back of 2023
Interest in others is the thing that ignites desires and goals. The interest of one person in another is important for a social circle and social empowerment. FDI is the interest of one country in another. If a foreign company acquires a voting right of ten per cent to a domestic company, both companies have […]
Five years of NFRA: The Auditor boss
NFRA is the boss of the auditors. The regulatory body was set up in 2018. In 2009, the vision of the independent regulatory body was proposed. The bill from 2009 led to the formation of the advisory committee. The National Financial Reporting Authority was to enhance the quality of the financial reporting of different sectors […]
Insolvency case with time sensitivity
The insolvency cases fall under different types of proceedings. The insolvency can be a voluntary arrangement, liquidation, administration and receivership. In India, there are two types of insolvency procedures. One is a balance sheet, and the other one is a cash-flow insolvency process. Cash flow insolvency is applicable when the business owner is rich enough […]
After completing the 10th standard, can we study the CA foundation?
The direct answer to this question is yes. The students wanting to start the profession at a young age join the CA foundation after 10th standard. The two admissions in the CA course go as the provisional and direct admission. The provisional admission is with a 10th certificate. The admission is with the 12th standard […]
