Omnipresent Man of R...ย โขย 1y
NFRA Findings on CA firm - inadequate control over *audit documentation 1. NFRA revealed that MSKA's system for maintaining Audit Work Papers had serious flaws, including allowing modifications to finalized documents without proper sign-offs. Also, the firm was found to have signed off blank work papers, raising doubts about the reliability of the audit evidence. 2. NFRA report highlighted several instances where NAS{Non-Audit Fees} fees exceeded audit fees, raising a potential self-interest threat & created self-review threats by involving services related to the *preparation of FS audited by MSKA. 3. It also has deficiencies in the testing of ICFR, in revenue recognition i.e., not testing key IT controls & missing essential test areas related to customer creation & invoicing. 4. On impairment of non-financial assets, NFRA found that the firm failed testing raising doubts about the adequacy of the audits. Also, in 2 selected co's the impairment showed significant deficiencies.
Busy in creating typ...ย โขย 1y
#9TDAYVC-DAY-12 ๐ฏTypes of Expenses for VC? ๐ฏWhat is a Self-Managed Fund? ๐ฏOrganisational Expenses: These are costs for VC Funds which includes such as Incorporation Costs, Statutory Compliance Cost of the Funds, Placement Commissions, Distri
See Moreย โขย
YouTubeย โขย 1y
Scimplify, a platform for all sourcing and manufacturing of specialty chemicals, is raising a new round to the tune of $5 million, sources aware of the development told Entrackr. The new round is coming just after six months for the Bengaluru-based f
See More
I'm just a normal gu...ย โขย 10m
๐จ IPO alert! Groww is reportedly filing a confidential IPO with SEBI in the next 2 weeks. The stock broking firm is also raising $150M at a $7B valuation from Singaporeโs GIC. ๐๐ฎ๐ณ The bull run isnโt just in the markets โ itโs in the boardrooms
See More
Keen Learner and Exp...ย โขย 1y
In 2016, a German journalist Bastian Obermayer has published 11.5M documents online. These documents contained details about financial tax evasion and money laundering of the VIPs and VVIPs. This list contained the names of 11 world leaders, politic
See More
ย โขย
NexLabsย โขย 6m
Startup Founders dilemma. US/Western Investors want minimalist pitchdecks. If you even write 4 sentences - gone. And they want you to max do 7 to 10 slides. Indian Investors want 49+ slides with all the details possible including your family proper
See More
Co-founding Entrepre...ย โขย 11m
Starting a Company in India Can Eat You Alive โ Even if Youโre Broke Tag your CA friends, theyโll cry too. Started an OPC thinking it's "just a formality"? Even if you made โน0, the govt wants an audit like you're Infosys. Statutory Audit = Manda
See More
Building xcesย โขย 11m
What is Menu to Platform Price Difference? It refers to the gap between the actual in-restaurant menu price of an item and the price listed on a food delivery platform like Swiggy, Zomato, etc. Why does this difference exist? 1. High Commission F
See MoreBusy in creating typ...ย โขย 1y
๐คซOnly 1 Secret to raise funds from VC'S but sadly no-one is talking about It's very often that we show these ๐ to the Investors when raising funds: Problem Solution Product Market Gap Team Customers Revenue Achievements Etc... Even tho
See More
Busy in creating typ...ย โขย 1y
Only 1 Secret that you must know to raise funds from VC'S but sadly no-one is talking about.. It's very often that we show these ๐ to the Investors when raising funds: Problem Solution Product Market Gap Team Customers Revenue Achievements Et
See More
Trying to make thing...ย โขย 1y
My Plan 1) Making a Basic Website and Linking Startup Socials to it 2) Getting Ready the Startup Socials till August End 3) In September Starting , Incorporating my Startup as a Partnership Firm 4) After it, hiring unpaid tech interns for making
See MoreDownload the medial app to read full posts, comements and news.