Audit

Benefits of an Audit Committee The audit committee is an operating committee of the board of directors charged with oversight of financial reporting and disclosure.…

Directors Audit Committee An audit committee is an operating committee of a company’s board of directors that is in charge of overseeing financial reporting and…

Tax is the compulsory payment to the government without getting any direct benefits. Fees are generally obligatory to regulate or control various types of activities.…

Canons Taxation Adam Smith gave four principles of taxation which he called the canons of taxation. Canons of taxation refer to the administrative aspects of…

Adam Smith’s Canons of Taxation Adam Smith gave four principles of taxation which he called the canons of taxation. Some other writers have also prescribed…

Importance and Objectives of Income Tax The tax imposed on a person or entity under the orbit of income tax law is called income tax.…

Income tax is a typical example of a direct tax. The tax imposed on a person or entity under the orbit of income tax law…

Distinguish between Non-assessable Income, Tax Credit Income, and Tax-Free Income Non-assessable Income is income you don’t need to pay tax on. A tax credit is…

Income means what comes in the hand of a person in terms of money or money’s worth as a result of mental, physical and financial…

Arguments for and Against Income Tax An income tax is a government tax on the taxable profit earned by an individual or corporation. It is…