September 2024

The appointment of auditors is a critical aspect of corporate governance and financial reporting. Auditors play a vital role in ensuring the integrity of financial statements and providing assurance to stakeholders. In India, the appointment of auditors is primarily governed by the Companies Act, 2013. This article explores the process and significance of appointing the […]

Internal audit is a critical function that helps organizations assess their operations, manage risks, and ensure compliance with applicable laws and regulations. In India, the requirements for internal audits are primarily governed by the Companies Act, 2013. Applicability of Internal Audit Mandatory Requirement Under Section 138 of the Companies Act, 2013, the following companies are

Corporate Social Responsibility (CSR) is governed by Section 135 of the Companies Act, 2013 in India. This section outlines the criteria for companies that are obligated to engage in CSR activities and the compliance requirements they must fulfill. A company is required to comply with CSR regulations if it meets any of the following criteria

The ABOI test—short for “Articles of Association, Business Objectives, Ownership Structure, and Internal Regulations”—is an important assessment tool designed to evaluate a company’s legal and operational framework. This test enables stakeholders, including investors, auditors, and regulatory authorities, to gauge the compliance and governance standards of a business. Key Components of the ABOI Test Articles of