Compliance Requirement for Internal Audits
As per the recent compliance requirements as is introduced by the Companies Act 2013 it is a mandatory on the part of the Company and directors to give a specific declaration with respect of the adequacy of financial controls. Further it is also required that such matters are duly and adequately effective in commensurate with the size and nature of the operations of the Company.
Further Auditor of the Company is required to report compliance and adequacy of internal financial controls system and operating effectiveness of such controls.
A business strategy is the means by which it sets out to achieve its desired ends.
If you have been selected for a business audit, here is what you need to know.
Restructuring your company could restore its viability and improve its liquidity position.