Auditing

E-KYC for Existing Taxpayers

E-KYC for Existing Taxpayers on the GST Portal

In today’s fast-changing tax scene, embracing digital solutions is key to streamlining how you handle your responsibilities. One helpful new way to do that is through e-KYC on the GST portal. This modernised approach simplifies life and marks an essential step toward a secure, tech-savvy system for paying taxes. Understanding e-KYC: E-KYC lets businesses electronically …

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Audit Case Studies

Famous Audit Case Studies: Lessons Learned from Noteworthy Audit Failures and Successes

Audit case studies provide valuable insights into the world of auditing, offering lessons that can shape the profession and help auditors navigate complex challenges. In this blog, we delve into some famous audit case studies that have impacted the auditing profession. These case studies demonstrate the importance of thoroughness, professional scepticism, and adherence to auditing …

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Summa de arithmetica

Summa de Arithmetica: Its Enduring Influence on Modern Accounting

Summa de arithmetica, authored by Luca Pacioli in 1494, holds a significant place in accounting history. This blog explores Summa de Arithmetica’s profound impact on modern accounting practices’ development and its continued relevance in the field today. 1. Introduction of Double-Entry Bookkeeping: One of the most transformative aspects of Summa de arithmetica was the introduction …

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Auditor

The Art of Mindfulness: Nurturing Well-being during the Audit Busy Season

The busy audit season can be an intense and demanding period for auditors. With tight deadlines, long hours, and high-pressure situations, auditors must prioritise their mental well-being and maintain mindfulness. In this blog, we’ll explore the importance of mindfulness during the busy season and provide practical tips for auditors to stay grounded, focused, and balanced …

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Audit

The Use and Threats of Google Bard and ChatGPT in the Audit Landscape in India

As technology advances, the audit landscape in India is undergoing significant transformations. One notable development is the rise of AI-powered tools like Google Bard and ChatGPT, which are designed to enhance audit processes and improve efficiency. While these tools offer promising benefits, they also pose specific threats and challenges that auditors need to be aware …

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Audit

Recent Auditor Resignations in India: Unraveling the Reasons Behind

Auditor resignations in India have been making headlines in recent times, raising concerns about the integrity and transparency of financial reporting. Several high-profile cases have come to light, where auditors of prominent companies have stepped down, leaving investors and stakeholders questioning the reasons behind these sudden departures. In this blog, we will delve into some …

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audit

Exploring Career Choices Post Extensive Audit Career: Opportunities in India and Abroad

Embarking on a career in the audit domain can provide you with a strong foundation of financial knowledge and analytical skills. However, after spending several years in the audit profession, you may start contemplating your career options and seek new challenges. In this blog, we will explore various career choices you can consider after an …

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