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      Role of Audit and inspection in Banks explained
      Accounting, ComplianceBy Surendra NaikJuly 9, 2025

      Audits and inspections are both important activities that help ensure compliance with regulations and protocols, and they can be used in a variety of contexts, including safety, finances, and data security. The difference between Audits and inspections is that auditing is used to methodical examination of a facility’s accurate compliance with procedures and processes, to…

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      Accounting Standards: Definition and Scope of Ind-AS
      Accounting, ComplianceBy Ashish KarkeraJune 30, 2025

      Accounting standards are formal policy documents issued by expert accounting bodies, governments, or other regulatory authorities. These standards provide guidance on the recognition, measurement, presentation, and disclosure of accounting transactions in financial statements. Accounting standards address the following key areas:(a) Recognition – Identifying which events and transactions should be recorded in the financial statements,(b) Measurement…

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