Newsletter December’2016: Important Circulars & Notifications
GST will be made applicable from 1st July’2017.ESIC wage limit raised from Rs. 15,000 to Rs. 21,000 w.e.f. 1st January’2017.India & Singapore sign a Third Protocol for amending the DTAA.No advance tax to be paid in case the income is... Read More →
General Internal Audit
A 5 Common Pain points of CFO’s related to Internal Audit No time investment in understanding the dynamics of company’s business Transaction based approach of Internal Auditor vs. CFO’s expectation of system driven approach Frequent change in the team members... Read More →
Accounts Payable
Objective of Accounts Payable To assure accounting integrity by making correct payment to vendors as per agreements or purchase orders; to provide control over debit balances and to make available, real time status of bill-wise outstandings of vendors. Company Profile... Read More →
Case Studies
Every service project is different because every client has different needs. We believe in taking a holistic approach to our service delivery and we are very proud of our work. We’re not just providing a specific service, we’re building an experience by solving... Read More →
Internal Audit of Food & Beverages Chains
We specialize in understanding how the F&B industry work and this experience provide an edge in our internal audit offering for this industry. B2C (Business to Consumer) model makes any company vulnerable to inherent risks associated with this model i.e.... Read More →
Internal Audit of Start-Ups
Start-up has emerged as an altogether different business model in last one decade which is disruptive, speed oriented, innovative and led by younger generation. We are working with start-ups form last 5 years and understand their business model thoroughly. As... Read More →
Pre-ERP Implementation Audit
This is a specialized audit which is beneficial for the companies which are going for ERP implementation in the next 6-12 months period. AIt offers following benefits: Mapping of internal systems and processes on a swim lane Flow Chart Highlighting... Read More →
Systems Audit
Systems audit is a very vague term which leads to communication gap if not defined in advance in terms of approach and outcome. AA system in any company consists of following: Automated (IT) system Manual system Hybrid system BThe audit... Read More →
Fraud Investigation Audit
Fraud is generally defined as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for inducing the other person to act, and upon which the other person relies with resulting... Read More →
Important Circulars Notifications October’2015
Services in relation to remittance of foreign currency from outside India to India is chargeable to service tax. Gazette Notifications of Government of India will only be e-published www.egazette.nic.in. Internal Financial Control over Financial Reporting (ICFR) is applicable for Financial... Read More →