Category Archives: Audit & Assurance

Covid Flow Management During Covid 19

The pandemic has put almost every business in a difficult cash flow situation, starting from long-delayed payments from debtors to bearing fixed cost even with no revenue in hand, statutory payments, recurring financing cost, daily follow-up by the creditors’ which … Continue reading

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Tax Audit Applicability For Financial Year 2019-20 (Assessment Year 2020-21)

Under section 44AB of the Act, every person carrying on business is required to get his accounts audited, if his total sales, turnover, or gross receipts, in business exceed or exceeds one crore rupees in any previous year. In case … Continue reading

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ICAI Guidance on Review engagement of Interim Financial Information

Background For reviewing the Interim Financial Information, Auditor has to ensure that the applicable financial framework has been complied with by the Company. A review of interim financial information in accordance with SRE 2410 is a limited assurance engagement, in … Continue reading

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Managing Supply Chain in COVID-19 Crisis

COVID-19 has disrupted supply chain globally forcing companies to relook at their supply chain model for survival. In the current time of crisis, companies are forced to relook at their supply chain models and transform the traditional supply chain mechanism. … Continue reading

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Cost Optimization Post Covid-19

As businesses suffer from lack of revenues, lack of resources, bad debts etc. post COVID-19, many companies are focusing on cost optimization more than before. For details, please refer the attached document: Cost Optimization During Covid-19 Disclaimer:- The information contained herein … Continue reading

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