Daily Archives: June 9, 2020

Role of Internal Audit in Business Resilience during COVID-19

There is no doubt that businesses are hugely hit by the impact of covid-19. Risk Management and recommending controls over high risk areas is the expertise of internal audit teams. In here there are various ways through which internal audit … Continue reading

Posted in Audit & Assurance |

Business Continuity And Managing Risk In COVID-19 Era

There is no doubt that the pandemic covid 19 has impacted the economy at the highest level. Almost all the industries have faced business operation issues due to lockdown and Issues like supply chain disruption, labor unavailability, high fixed cost … Continue reading

Posted in Audit & Assurance |

Going Concern – Key Considerations For Auditors Amid COVID-19

The Board of Directors of every company are required to make a statement in the Directors’ Responsibility Statement referred to in Section 134(5) of the Companies Act, 2013 that the annual accounts are prepared on a going concern basis i.e. … Continue reading

Posted in Audit & Assurance |