What Is Special Audit? Auditing is a crucial part of any business, but what sets a special audit apart from a standard one? Special audits are conducted for specific purposes and involve more detailed investigations than normal audits. They’re often used to assess a company’s compliance with certain regulations or check that their financials are … Read more
What Is Asset Under Management? Assets under management are the market value of investments managed by a person or entity for their clients. This is an important figure that is used to evaluate an organization alongside performance and experience. The calculation of AUM may include bank deposits, mutual funds, and cash, depending on the institution. … Read more
Materiality In Accounting Materiality in accounting is the concept of considering the effect of misstatements or omissions of information in financial statements on the users of those statements. It is determined by evaluating whether the information omitted or misstated would have resulted in users altering their decisions or actions if the information had not been … Read more
What Is Ratio Analysis? What Is Ratio? Ratio is a mathematical comparison of two or more numbers indicating their relative sizes in a given context. It is a way to compare two or more quantities by division, with the number being divided being the antecedent and the number that is dividing being the consequent. Ratios … Read more
What Is A Qualified Audit Report? An audit is an objective examination and evaluation of the financial statements of an entity, ensuring accuracy and compliance with applicable financial reporting standards. The purpose of an audit is to provide an opinion on the fairness of the financial statements. An auditor will review the financial statements and … Read more
What Is Net Asset Value? Are you interested in investing but have no idea where to start? Do you know what net asset value (NAV) is and how it works? If not, don’t worry – we’ve got you covered. NAV is a crucial concept in investments and understanding it can be the first step on … Read more
Franchising Vs. Licensing In Accounting Franchising Franchising offers a business model where a company can expand into new markets by allowing a third-party to use its trademarks, business systems, and associated services. This includes the franchisor granting the franchisee the right to use the business’s name, system, processes, and other proprietary information. The franchisee may … Read more
What Is Interim Dividend? Dividends are a form of income distribution for shareholders and represent a portion of the company’s earnings. These payments are determined by the board of directors and the amount is based on the company’s profits. Dividend yield is a measure of how much a dividend is worth as a percentage of … Read more
What Is Scope of An Audit? An audit is an examination of financial records and accounts with the aim of verifying accuracy and detecting any misrepresentation or fraud. Audits can be conducted internally or externally, depending on the organization’s needs. In India, audits are usually conducted by chartered accountants from the Institute of Chartered Accountants … Read more
What Is Company Infrastructure? Company infrastructure is the backbone of any business, but what exactly is it? Most people don’t understand the purpose of company infrastructure, or how it can benefit their business. In this article, we’re going to explore what company infrastructure is and why it’s important for your organization. The first thing to … Read more