An important, interesting, and popular amendment was made in the Standard of Auditing (SA) 701 in May 2016 by the ICAI which deals with an inclusion of a new paragraph in the Independent Audit report called the “Key Audit Matters” (KAM).… Read More
Category: Compliance
Outsourcing Your Finance and Legal Compliance to Experts
“Outsourcing” refers to the practice by which one company hires another company to perform a service or process which would traditionally have been performed in house by the company’s own employees.… Read More
Financial & Legal Compliance Checklist for Startups to Focus on During The Lockdown
For majority of the startups, Financial and Legal compliance has always been the least of the priorities because founders either do not have the time or do not want to focus on it.… Read More
What Investors Want
You have found your dream company. You have laid the foundation so far, by investing your savings and maybe raising funds from your friends and family. BUT now, the time has come to push your dream further beyond these odd inputs.… Read More
Company Act – Mandatory Compliance and Penalties
Companies (big or small) contribute significantly to the growth and development of the nation. The Indian parliament formulated the Companies Act in 1956. Under the Act, the Central Government controls the financing, development, functioning and winding up of any public or private company.… Read More
Keep your Startup always Diligence ready!!
Corporate Governance – The term that is stressed by most of the investors and financiers when the Companies/Startups approach them for funding. An investor conducts a financial and legal due diligence on the Company/startup in order to uncover risks pertaining to the startup.… Read More
