The following are some of the constraints, obstacles affecting our reporting and analysis: TIME: The time given for conducting statutory audit is very less every company wants to disclose its financial results at the earliest. The auditor was forced to complete his job within the stipulated time which is not possible since it may require […]
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The following are some of the steps required for proper Accounting Statements. INTERNAL MANAGEMENTS:- Entire administration should be in the hands of Professional and accountable Persons. They should be made responsible for any irregularity in the area of their administration for Eg. Manufacturing section headed by Cost Accountants, Marketing headed by MBA with Marketing, Finance […]
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