Omnipresent Man of R... • 6m
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.
Zero Fund-VC|Investi... • 7m
#9TDAYVC-DAY-12 🎯Types of Expenses for VC? 🎯What is a Self-Managed Fund? 🎯Organisational Expenses: These are costs for VC Funds which includes such as Incorporation Costs, Statutory Compliance Cost of the Funds, Placement Commissions, Distri
See MoreKeen Learner and Exp... • 11m
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 MoreCo-founding Entrepre... • 2m
Starting a Company in India Can Eat You Alive — Even if You’re Broke Tag your CA friends, they’ll cry too. Started an OPC thinking it's "just a formality"? Even if you made ₹0, the govt wants an audit like you're Infosys. Statutory Audit = Manda
See MoreZero Fund-VC|Investi... • 8m
🤫Only 1 Secret to raise funds from VC'S but sadly no-one is talking about It's very often that we show these 👇 to the Investors when raising funds: Problem Solution Product Market Gap Team Customers Revenue Achievements Etc... Even tho
See MoreZero Fund-VC|Investi... • 5m
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 👇 to the Investors when raising funds: Problem Solution Product Market Gap Team Customers Revenue Achievements Et
See MoreBelieve me, it’s not... • 3m
Tom Perkins, founder of VC Firm Kleiner Perkins, offered an intriguing analogy: tackle your 'white hot risks' in the first 9 months of raising your first cheque. White hot risks → existential, high-stakes risks that can break your startup. "If you
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