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The Future of Accounting: Specialization Vs. Generalisation

The future of the accounting profession is at a crossroads. Facing a critical juncture, it finds itself amid a transformation driven by technological advancements like automation and data analytics. Apart from these advancements, ever-changing regulations and a growing focus on strategic analysis are also reshaping the traditional role of the Accountant. Amid this scenario, a…

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ICAI To Soon Consider Shorter Audit Reporting Frequency

The landscape of Chartered Accounting is continuously evolving, driven by technological advancements and changing business needs. One recent development from the domain comes from the Institute of Chartered Accountants of India (ICAI), the nation's regulatory body for the profession. Recognizing the impact of technology on accounting practices, the New President of ICAI, CA. Ranjeet Kumar…

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GST Audit: A Step-by-Step Guide for CA’s to Ensure Compliance and Accuracy

Introduction: The GST audit is an annual requirement for GST-registered businesses with turnovers exceeding 2 crores INR. It involves scrutinizing records, returns, and documents to verify the accuracy of turnover, taxes, refunds, and compliance with GST Act regulations. Chartered Accountants play a pivotal role, in ensuring meticulous review and alignment with the complex GST framework.…

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