An auditor checks whether a company’s financial records are correct and honestly prepared.In this beginner-friendly guide, you will understand what an auditor is, what auditors actually do, and the different types of auditors you may hear about in India.Let’s start with a small real-life situation.Suppose a business owner tells banks and investors that the company … [Read more...] about Who Is an Auditor? Simple Guide to Audits and Types of Auditors in India
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Company Auditor Under Companies Act: Duties, Rules & Compliance
When a company appoints an auditor in India, many legal rules quietly start working in the background. For a practicing Chartered Accountant, understanding these rules is not just about compliance — it helps avoid unnecessary disputes, penalties, and professional risks. Many beginners assume audit appointment is a simple formality, but in practice, small procedural … [Read more...] about Company Auditor Under Companies Act: Duties, Rules & Compliance
National Financial Reporting Authority (NFRA) Explained: Meaning, Role & Powers
Imagine you are reading a company’s financial report before investing your money. You trust the numbers because an auditor has checked them. But then a simple question arises — who checks whether the auditor did their job properly?This is where the National Financial Reporting Authority (NFRA) comes in.NFRA is India’s independent watchdog for accounting and auditing … [Read more...] about National Financial Reporting Authority (NFRA) Explained: Meaning, Role & Powers
Auditor Appointment in India Explained: Companies Act Rules, Procedure & Compliance Guide for Beginners
When someone starts a company in India, most attention goes to customers, sales, and growth. Very few founders think about audit compliance in the early days. But under company law, appointing an auditor is one of the first legal steps every company must complete.In this guide on auditor appointment in India, we’ll walk through how auditors are appointed, why the rule … [Read more...] about Auditor Appointment in India Explained: Companies Act Rules, Procedure & Compliance Guide for Beginners
What is a Public Limited Company and How Is It Different from a Private Limited Company?
When people in India start learning about companies, one of the first confusions is this: What exactly is a public limited company, and how is it different from a private limited company?You hear names like Reliance Industries Ltd. or ITC Ltd. and notice the word “Limited” at the end, but what does that actually mean?In this article, we will slowly and clearly … [Read more...] about What is a Public Limited Company and How Is It Different from a Private Limited Company?