1-Issues under s. 270A

(1) The Assessing Officer or the Commissioner (Appeals) or the Principal Commissioner or Commissioner may, during the course of any proceedings under this Act, direct that any person who has under-reported his income shall be liable to pay a penalty in addition to tax, if any, on the under-reported income.

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Risk Based Internal Audit Plan - WIRC-ICAI

wirc-icai.org

Key Focus Area Based on Emerging Risk Cyber security Technology risk Regulatory risk Corruption Corporate governance Vendor governance Crisis management planning Culture / soft controls Source : IIA & Others As per SIA - 13 ² The risk assessment process should be of a continuous nature so as to identify not only residual or existing risks, but ...

  Based, Security, Risks, Risk based

Amendments in Schedule III of The Companies Act, 2013

wirc-icai.org

M P Vijay Kumar FCA, FCMA, FCS • Changing needs of the business and ensure better compliance and governance. • Less Government and More Governance • More trust on Auditors by Government for better Governance • Powerful tool for Auditors to express opinion 7 (Retained) + 7 (Modified) 7 Newly Added Number of clauses Retained Clauses 7 Retained –with Changes 7

  Trust, Schedule, Companies, Changing, Amendment, Amendments in schedule iii of the companies

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