Statutory Rights of an Auditor The Companies Act confers extensive powers on the auditor. Since, he is the agent of the shareholders, he is having all the Rights,
Guidelines for Auditors in examination of vouchers While vouching the transactions, the auditor should first of all examine the various vouchers keeping the following points in mind: 1.
Internal Audit is a control that is concerned with the examination and appraisal of other controls. The ultimate purpose of internal audit is protection of the properties or
Sole proprietorship suffers from limited resources, hasty decisions and temporary existence etc. As remedy, partnership emerged as a form of business organization. Partnership as such is an agreement
Solutions to problems faced by public enterprises 1. Objective: Every enterprise should have a specific objective. The objective should be expressed in clear terms and communicated to all
Problems faced by public enterprises The following are the problems faced by government enterprises: 1. Bureaucratic management: The organizations are run by bureaucrats who may not have knowledge
Achievements of Public enterprises Public enterprises have played a stellar role in speeding up the process of industrial development in the country. They have served the needs of
Why are Public Enterprises set up? Public enterprises occupy an important position in the Indian economy. They were set up by the government to speed up the process
Differences between cooperative enterprise and Joint Stock Company The following are some of the differences between Cooperative enterprises and Joint Stock Companies. The above table differentiates Cooperative enterprise
Differences between Partnership Firm and Joint Stock Company The following are some of the differences between a Partnership firm and Joint Stock Company. 1. Minimum No. of Members