Upadted CAs

There are multiple differences between the internal audit and external audit functions, which are as follows: ·          Internal auditors are company employees, while external auditors work for an outside audit firm. ·          Internal auditors are hired by the company, while external auditors are appointed by a shareholder vote. ·          Internal auditors do not have to be CAs, while a CA must direct the activities of the external auditors. ·          Internal auditors are responsible to management, while external auditors are responsible to the shareholders. ·          Internal auditors can issue their findings in any type of report format, while external auditors must use specific formats for their audit opinions and management letters. ·      ...

  UK’s ACCA is far different from India CA course. Here, one is globally recognized and the other is highly considered in India. If you want to know more about both the course you can read this further….. If you want to choose the path for practice in finance, auditing and accounting as a professional then you are bound to come across the terms ACCA and CA. Where one is globally recognized the other one is very popular in India. On their journey to becoming a  CA, young aspirants often face difficulty of choosing between ACCA and ICA. If you are candidates of this community then this article is for you.   Table of Contents Major Difference Among ACCA and CA Exam Perspective Scope   Major Difference Among ACCA and CA Course details ACCA CA Professional Body Association of Chartered Certified Accountants Institute of Chartered Accountant of India ...

Partnership deed is an agreement between the partners of a firm that outlines the various terms and conditions of partnership among the partners. A  Partnership Firm is one of the popular types of organizations for starting a new business. The smooth and successful running of a partnership firm requires clear understanding among its partners regarding the various policies governing their partnership. The partnership deed serves this purpose. It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc. in order to bring clarity to the partners. Though issuing a partnership deed is not mandatory, but it’s always better to enter into a partnership deed to avoid any possible disputes and litigation among the partners. The agreement can be made between two or more partners. It must be stamped and signed by all the partners. The partnership deed contains the following details: i) Business of the firm :  Business ...

CA or Chartered Accountant is a professional course, which offers a lots of career options with best salary or rather income in the hands and is running by the institute of chartered accountant of India. This course is very popular now a days because of our prime minister narendra modi's implementation of new things and trying to improve the existing compliance procedure and laws. Many MNC's are offerings job opportunity and career options to CA's.   Chartered Accountancy course offers the career to students in the specialized areas of accounting, auditing, financing, corporate laws and taxation. A person can practice after becoming CA in the are of auditing, Laws, Advisory on Management Consultancy, etc.. A person has many scope after becoming Chartered Accountant, which i discussed here in this blog. Scope Abroad for Indian CA The scope of Indian CA is not define by ICAI, A Chartered Accountant can pursue career in any field in which (s)he is interested. ICAI has made som...