Credit audit is a crucial process in the financial sector, especially when dealing with loans and credits. It ensures that banks and financial institutions are following proper procedures, maintaining quality standards, and identifying potential risks in their lending activities.This guide will break down the concept of credit audit, its objectives, processes, and … [Read more...] about A Beginner’s Guide to Credit Audits: Processes, Objectives, and Importance
Forensic Audits: Uncovering Fraud and Financial Misconduct
A forensic audit is a special type of investigation used to look closely at financial records to uncover signs of fraud, theft, or other illegal activities. This kind of audit is different from a regular audit, which only checks if a company’s financial records are correct.Instead, a forensic audit digs deeper to find out if there has been any criminal behavior, like … [Read more...] about Forensic Audits: Uncovering Fraud and Financial Misconduct
Understanding TDS on Rent: A Simple Guide to Sections 194I, 194IB, and 194IC
Rent is the amount people pay to use a property, like land, buildings, or equipment. Whether it's for a lease, sub-lease, or other agreements, rental income can come from many sources. However, in India, the government requires a part of this rental income to be deducted as tax at the source. This is known as Tax Deducted at Source (TDS), and it is guided by specific … [Read more...] about Understanding TDS on Rent: A Simple Guide to Sections 194I, 194IB, and 194IC
How to Convert a Public Company into a Private Company: A Simple Step-by-Step Guide
If you're wondering how to convert a public company into a private company, the process might seem a bit complicated at first. However, when broken down into clear steps, it becomes much easier to understand. This guide will walk you through each stage of the public-to-private company conversion process, explaining everything in simple terms.Whether you're a business owner, … [Read more...] about How to Convert a Public Company into a Private Company: A Simple Step-by-Step Guide
How to Convert a Private Company into a Public Company: A Simple Step-by-Step Guide
If you're a business owner looking to grow and raise capital, converting your private limited company into a public limited company might be a smart move. This change opens up new opportunities for attracting investment, expanding your business, and increasing the liquidity of your shares. But how do you go about it? This guide will walk you through the process in a simple … [Read more...] about How to Convert a Private Company into a Public Company: A Simple Step-by-Step Guide