Knowledge Base

IT Systems Audit

The dictionary defines a ‘system’ as a set of things, principles, or procedures working cohesively to achieve a common objective. As far as an organization is concerned, there are many

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History of Taxation in India

The word ‘tax’ is derived from the Latin word taxare or taxo. It means ‘to assess the worth of something’. Taxes are imposed by government for the use and service of the S

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Internal Audit

What is Internal Audit?

The International Auditing Standard, ISA 610 (2007) defines internal audit as ‘an appraisal activity established within an entity as a service to t

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COBIT is a benchmarked framework, designed, developed and continuously updated by the Information System Audit and Control Association (ISACA) for effective IT governance and management. It is a co

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Outsourcing Accounts and other Services

Outsourcing services has almost become a norm now. Almost all companies outsource one or another service – from maintenance to R&D and everything in-between. When it comes to outsourcing, every

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Reasons for Outsourcing

In today's world of increased automation, a growing scarcity of highly skilled employees has necessitated businesses to explore new processes to outsource. One of the most needed outsourcing servi

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Rebooting Economy Post Lockdown – Advantage India

By CMA Amit Apte

The outbreak of COVID-19 pandemic is having a profound impact on all nations of the world. What started in China as a trickle has now cascaded

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