Short-term provisions represent obligations that a company expects to settle within its operating cycle or one year, whichever is longer.

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of August 2024.

To provide comprehensive directions for conducting a statutory audit of "Other Current Liabilities" in an Indian company, ensuring compliance with...

Trade payables are amounts a company owes to its suppliers for goods or services purchased on credit. They represent a...

Short-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due within a year. These...

These provisions can include obligations such as employee benefits, warranties, legal claims, and environmental liabilities.

Other long-term liabilities encompass various obligations that are not due within the next 12 months but do not fall under...

Long-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due beyond one year from...

Auditing share application money pending allotment involves a thorough examination of authorization, receipt, accounting treatment, allotment, refund processes, and disclosures.

Money received against share warrants is a significant item in the balance sheet of an Indian company. This refers to...

Reserves and Surplus represent the accumulated profits and funds set aside for specific purposes and are crucial indicators of a...

Auditing share capital involves a comprehensive review of records, compliance with legal requirements, and ensuring financial transparency.

Statutory audits involve multiple stakeholders, each with distinct roles and responsibilities. Understanding these roles is crucial for ensuring the effectiveness...

The primary objectives of statutory audits revolve around ensuring the reliability and accuracy of financial statements, enhancing transparency, and fostering...

Sections 143 to 147 delineate the duties, responsibilities, and liabilities of auditors, outlining their obligations to report on financial statements,...