1. What is ESG? ESG stands for Environmental, Social, and Governance. It refers to a set of criteria used to assess a company’s or organization’s performance in three key areas: environmental impact, social responsibility, and governance practices. 2. Why is ESG Important? ESG factors are important because they provide a framework for evaluating a company’s… Read More »FREQUENTLY ASKED QUESTIONS
The rise of Environmental, Social, and Governance (ESG) investing and corporate practices signals a significant shift in how businesses and investors perceive their roles in society and the environment. What started as a niche concept has quickly become mainstream, reshaping corporate operations, capital allocation, and performance assessment. This evolution reflects a growing acknowledgment of the… Read More »Understanding the Shift: Key Milestones in the development of ESG
The evaluation of Environmental, Social, and Governance (ESG) factors has become a critical component of auditing practices in today’s corporate landscape. As stakeholders increasingly seek transparency and accountability from companies, auditors are embracing data analytics tools to enhance their ability to assess and verify ESG disclosures. This article explores the significant shifts brought about by… Read More »Transforming ESG Assessment: The Role of Data Analytics in Auditing Practices
In the rapidly evolving landscape of corporate governance and sustainability, businesses must adapt to meet the expectations of their stakeholders. One transformative shift that has gained immense importance in recent years is the integration of Environmental, Social, and Governance (ESG) considerations into compliance assurance practices. In this article, we will delve into the key benefits… Read More »BRSR and ESG Integration: The Keys to Corporate Resilience
These nature of audits pertain to conduct of audit related services for various clients in various States and in many locations/ cities/towns and villages in India. These audits are conducted under specific instructions of the client on scheduled dates in all months. Mostly these nature of audits are repetitive in nature conducted regularly, timely and… Read More »PAN India Audits
The concurrent audit system of banks has become crucial for banks. The main objective of the system is to ensure compliance with the audit systems in banks as per the guidelines of the Reserve Bank of India and importantly, to ensure timely detection of lapses/ irregularities. An audit takes place when transactions occur, which means it… Read More »Why concurrent audit is important for banks?
As audits become increasingly intricate in the digital age, auditors are turning to data analytics to gain a competitive edge. In this era of information abundance, where businesses generate copious amounts of data, auditors equipped with sophisticated analytical tools can unearth valuable insights and mitigate risks effectively. This article delves into the pivotal role of… Read More »Elevating Audit Excellence: Harnessing the Potential of Data Analytics
Inventory accounting is a branch of accounting that focuses on determining the worth of inventory assets and accurately recording any changes. Companies usually have inventory at different stages of production: raw materials, goods in progress, and finished goods ready for sale. Inventory accounting aims to assign values to these items in each stage and document… Read More »Understanding Inventory: Concept and Accounting Fundamentals
KYC, or Know Your Customer, is the process of identifying customers’ identities. Video KYC streamlines this procedure by enabling individuals in India to fulfill their KYC obligations through a convenient video call, removing the need for in-person visits. During the video call, a bank representative will assist you in verifying your address proof, as well… Read More »Video KYC
In recent years, the business landscape has witnessed a significant shift in focus from purely financial performance to a more holistic approach that considers environmental, social, and governance (ESG) factors. ESG has emerged as a critical framework for evaluating a company’s sustainability and ethical practices. In this article, we will delve into what ESG is,… Read More »What is ESG and Why is it Important?