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Standards on Auditing - Not a choice but a compulsion

What are Auditing Standards? The Standards on Auditing is an area which requires greater focus of CA in practice as well as our administrative bodies who are updating our members. The Companies Act 2013 has discussed it in detail which was absent in erstwhile act. As per Sec 2 (7) “auditing standards” means the standards of auditing or any addendum thereto for companies or class of companies referred to in sub-section (10) of section 143. Sec 143 (9) reads “Every auditor shall comply with the auditing standards.” As per Sec 143 (10) The Central Government may prescribe the standards of auditing or any addendum thereto, as recommended by the Institute of Chartered Accountants of India, constituted under section 3 of the Chartered Accountants Act, 1949, in consultation with and after examination of the recommendations made by the National Financial Reporting Authority: Provided that until any auditing standards ar...

9 Smart Ways To Boost Reader Engagement On Your Blog

Are you struggling to get your readers to engage with your blog? When I started blogging, I struggled too. But then I found that people who have an engaged audience on their blogs have this one thing in common: Their content is interesting. “How can I make my content interesting?” Well, that’s what I will be answering in this guide. I know how it feels when your readers read all your posts but don’t take the time to comment or share. I know it hurts. Reader engagement is the key to building a massive community of fans. Your readers engage with your blog in a lot of different ways. This engagement could take place in any of the following forms: Commenting on your blog posts Sharing your blog posts Navigating to another blog post Subscribing to your newsletters Or simply taking some action Reader engagement is also a search engine ranking factor. Google uses the bounce rate of your website to measure Reader Engagement. Bounce Rate is simply ...

A Wonderful Little Parable About Self-Belief

Once a businessman was up to his neck in debt, and could not see a way out of his situation. He was in the red to his creditors and his suppliers were demanding payment every day. He went to the park to distract himself from his worries but all the same unhappy thoughts remained stuck in his head. The man dropped his head into his hands, casting about in his mind for ideas which could save his business from bankruptcy. Suddenly, an old man appeared before him. “I see that something is troubling you“, he said. ”Won’t you share your thoughts with me?" The businessman told him about his problems, about his lack of money and his bank’s refusal to give him some extra credit to promote his business. The old man listened without interrupting, and then said: "I think that I can help you." He asked for the businessman’s name, wrote out a cheque and put it in the surprised man’s hand. "Take this money. I’ll meet you here in exactly one year, and you can then give it ba...

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