Mandatory Accounting Software with Recording Audit Trail for Companies - MCA
PrintListen to this Article
0:00
0:00
MCA had issued Companies (Audit and Auditors) Amendment Rules, 2021.
From Financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and *ensuring that the audit trail cannot be disabled.
Auditor's Responsibility Regarding
CLICK ON THE LINK TO WATCH THE VIDEO,
From Financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and *ensuring that the audit trail cannot be disabled.
Auditor's Responsibility Regarding
CLICK ON THE LINK TO WATCH THE VIDEO,
https://youtu.be/z5PYEoXDU5A
CLICK BELOW FOR MCA NOTIFICATION.
Category : Corporate Law | Comments : 0 | Hits : 2387
Ashneer Grover, former managing director of BharatPe, has moved the National Company Law Tribunal (NCLT), Delhi, alleging opression and mismanagement at the company. The case came up for hearing on...
Over 96,000 companies have wound up their operations in the past five years, according to the Ministry of Corporate Affairs. Businesses opt for winding up for various reasons, including financial u...
Three board members of Ed tech company Byju’s resigned on Thursday, June 22. According to reports, Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock and Chan Zuckerberg Init...
Comments