Case name & citation: Lee vs Lee’s Air Farming Ltd. (1961) A.C. 12 (P.C.) Year of the case: 1961 Jurisdiction: The Privy Council What is…
Understanding the provisions of Appointment of Auditor in Casual Vacancy: The term casual vacancy has not been defined under the Companies Act 2013. According to…
Case name & citation: Nash v Inman, [1908] 2 K.B. 1 (Eng. C.A.). Year of the case: 1908 What is the case about? As far…
Case name & citation: Dutton vs Poole (1678) 2 Lev 210 Year of the case: 1678 Jurisdiction: UK law (Court of Chancery) What is the…
Case name & citation: Chinnaya vs Ramayya ILR (1876-82) 4 Mad 137 Jurisdiction: Madras High Court Year of the case: 1882 The bench of judges:…
Errors disclosed and not disclosed by Trial Balance: Even though accountants put in their best effort to record transactions in a business’s books, errors are…
Audit Evidence and its reliability: Audit evidence is the foundation based on which an audit is done. During the course of an audit, an auditor…
Differentiating AGM and EGM: The Companies Act of 2013 does not define the term “meeting”. Usually, a meeting means a gathering of people to discuss…
Auditing and its scope: Over time, the scope of auditing has expanded. Earlier, auditors were expected to only check the arithmetical accuracy of accounts. But…
The role of an auditor is crucial in judging the accuracy and authenticity of financial records. When auditors verify the books of an entity, they…