Practical Approach to Effective Cost Audit
Navigating Statutory Requirements, Methodologies, and Challenges Cost auditing is vital in ensuring that businesses operate efficiently, maximize profitability, and adhere to statutory regulations. The process is especially crucial for organizations subject to cost accounting records orders (such as the manufacturing, mining, and power generation industries). A well-executed cost audit not only helps businesses reduce unnecessary […]
Understanding SEBI’s Investor Charter for Stock Brokers: A Guide for Investors
The Securities and Exchange Board of India (SEBI) has issued an updated Investor Charter for Stock Brokers to ensure that investors are well-informed about the services, rights, and protections they are entitled to when dealing with stock brokers. The charter is part of SEBI’s ongoing efforts to promote investor awareness, improve transparency, and enhance financial […]
Transformation of audit services with AI
Recently, NFRA and ICAI have declared that the regulatory bodies have proposals to sync the auditing standards to increase quality. Globalisation enters the technological advancement and auditing process. The auditing standards of ICAI and NFRA are different. The domestic laws and provisions are tailored to the needs of the domestic business partners. Manpreet Singh Ahuja […]
What do students learn in the UPSC commerce and accountancy syllabus?
In the UPSC examination, the students can select one optional subject from 48 subjects. Candidates with professional qualifications and finance experience have a strong foundation in commerce. It is easy for chartered and cost accountants to understand the advanced-level topics in the UPSC mains. The data from five years of statistics of UPSC examination reveals […]
New scheme of ICSI
Private and public companies adhere to the rules, regulations and laws. Company secretaries are professionals with an intense knowledge of laws, securities, and corporate governance. Companies should maintain ethical standards and follow compliance. The demand for a company secretary is rising. However, the supply of the company secretaries is comparatively low. The reason for the […]
CMAs are in Demand for Strategic Management
ICMAI president CMA Ashwinkumar G. Dalwadi, CMA Hima Vidya Sanagavarapu and Dr K.CH.A.V.S.N. Murthy the central council member addressed the media in Hyderabad on 20th of April 2024. The president of ICMAI said that the role of cost accountant had undergone a drastic transformation. The reason for the transformation is the changing business environment. Cost […]
The Clause Regarding the Number of Tax Audits
The Supreme Court released the justice that was on debate. The judgement is about the rule from ICAI. Clause six of Chapter VI from ICAI talks about the number of tax audits assigned to a chartered accountant. The matter was on the debate as it is related to the fundamental rights of a citizen. The […]
The Success Story of Commerce Toppers
The state board 2024 HSC topper is Deepika A from Trichy district and S. Ramagopala Sharma from Sivaganga. The district with top pass percentage in state board examination is Tiruppur, Sivagangai, Erode and Ariyallur. Ms.P.Poongodai is the first mark student in the Greater Chennai Corporation. She had secured 578 total. She had secured centum in […]
Key Points of the CMP Meeting
The committee for members in practice works to improve the capacity building of Indian CA firms. The committee was formed by the Chartered Accountants Act, of 1949, in the year 2010. In 2009, the committee for small and medium practitioners came into existence. The committee wish to establish CA firms with financial support and sound […]
MCQ for New Chapters in Business Economics
In the CA foundation, Paper three and Paper four have objective types of questions. Paper three is quantitative aptitude. Paper four is Business Economics. The students learn Business mathematics, logical reasoning and statistics in quantitative aptitude. Business mathematics has the same syllabus as the 12th standard, and some extra topics are added. By practice, students […]
