Tag: concurrent audit

Intangible assets under development refer to projects or assets in progress that lack a physical form but are expected to ...

Capital Work-in-Progress (CWIP) refers to assets that are under construction or development and are not yet ready for use. These ...

Intangible assets represent non-physical assets that have value due to the rights, privileges, and competitive advantages they provide to a ...

Property, Plant, and Equipment (PPE) are tangible assets that are held for use in the production or supply of goods ...

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

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.