The system of accounting and auditing of slate revenue and expenditure is believed to have existed in India under Maurya and Hindu Kings. Kautilya in his Arthashastra had given details regarding accounting and auditing of state finances. According to him, “all undertakings depend on finance. Hence, foremost attention shall be paid to the treasury.” He […]
Auditing: Meaning, Objectives, Errors and Frauds Read More »
Internal Control system is one of the basic and essential factors for efficient and effective management. It covers both financial or non-financial aspects of management in an organisation. Definition of Internal Control in accounting & auditing: Internal Controls are methods put in place by an organisation to ensure the integrity of financial and accounting information,
Social audit as a term was used as far back as the 1950s. However, in the last decade, the term has acquired new relevance in India. It is generally believed today that it is the duty of the privately owned enterprise to ensure that it does not adversely affect the life of the community in which
The prime concern of the staffing function in the management process is the timely fulfilling of the manpower requirements within an organisation. It starts with ascertaining the required number of various categories of employees for the organisation. This is done through several methods like job analysis, workload analysis, etc. The next thing is the recruitment exercise, followed
Communication plays key role in smooth functioning of organisation. Success of ‘Direction‘ depends on the effectiveness of communication. Proper communications in organisations at all levels and between all levels can improve both the quantity and quality of output. Definition: The word communi’cation has been derived from the Latin word ‘communis’ which means ‘common’ which consequently implies
