Other Resources
Reporting under CARO 2020 vs. CARO 2016
Introduction CARO 2020 is a new format for the issue of audit reports (attachment to the primary report) in case of statutory audits of eligible companies under the Companies Act, 2013. CARO 2020 has included additional reporting requirements after consultations…
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Setting up an offshore subsidiary from India
Summary: An Indian company or individual can set up a foreign subsidiary under the Overseas Direct Investment (ODI) rules, subject to FEMA compliance. The automatic route allows investment up to 400% of the Indian entity's net worth without RBI approval,…
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Difference between Internal Audit And Statutory Audit
In the accounting realm, there are two primary types of audits: internal audits and statutory audits. Both audits are essential for reviewing an organization’s financial records, but they differ significantly in their objectives, scope, and target audience. While we all…
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