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Easily File GST Returns with GST Reports in Tally.ERP 9

In this Article we will learn how to  easily file GST Returns with GST Reports in Tally.ERP 9 the latest version of Tally. It is quite easy to pass GST entries and it is equally easy to understand and GST returns with GST Reports in...

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Importance of understanding Business Model in Internal Audit (IA)

In most simple terms Business Model can be defined as the way the organization functions and how it is structured and systems it has put in place to achieve its goals, objectives, mission and vision. The elements of business model include the following Key product...

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Principles of Internal Audit

As per the Institute of Chartered Accountants of India Internal Audit (IA) can be defined as “Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value...

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Significance of Internal Audit of Purchases

Purchases are amongst the key areas in any well managed and successful businesses and given the significance of the area to the success of entire business internal auditor devote significant amount of time and energy of himself and his team to this segment. Here this...

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Critical analysis of CARO 2016


The MCA has vide its order dated 29.03.2016 introduced Companies (Auditor’s Report) Order 2016 replacing CARO, 2015. Applicability This applies to all companies including foreign companies with the exception of the below companies to which this not applicable Banking Company Insurance Company Section 8 Company...

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Effectiveness and Efficiency of the Internal audit process

The internal audit function is one of the most essential support functions for any organisation which if utilized to its fullest potential can result in tremendous benefits for the organisation including better functioning controls, better risk management and compliance, lesser leakages of funds and revenues...

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