Evaluation of Internal Control Procedures; Components of Internal Controls; Internal Control and Risk Assessment; Auditor’s response to assessed risks; Risk-Based Audit- Audit Risk Analysis; Reporting on Internal Control Weaknesses, Framework on Reporting of Internal Controls SA 265 Communicating Deficienc...
They also suggest aligning Tax Deducted at Source (TDS)/Tax Collected at Source (TCS) rates with audit trail objectives, periodically reviewing case disposals by assessing officers, setting mandatory time limits for appeal disposals, and establishing a grievance redressal mechanism. The announcement co...