oday’s technologically advanced times are posing more challenges for the audit disclosures that need to be made through the Annual Returns. They need to stay current, relevant and develop a knack of being watchful of things beyond and beneath what’s visible while empathizing with the business needs and also adding value to the organization. The stakeholders including government getting audit performed either on voluntary or on a mandatory basis. Use of audit tools to enhance the sample or even provide 100% verification is expected.
Source Taxguru
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