Accountancy & Financial matters Management blogs

We know every business firm , commerce department, trading venture, and industrial unit always needs, Visibility to stand out and get noticed as an active participant in the society. The eventually prefer to avail growth opportunities through the provision of quality training and educational activities and through different events. They require Credibility through their production activities and services provision, which helps them in building a reputation. The holder of this membership can enjoy and avail members of member discounts to improve their purchasing power and all other offers and benefits as offered from time to time. That also helps them to build their communityNetwork and to make them socially powerful and these professional relationship helping them to get a plate forum that advocates on their behalf. This all means all industrialist, businessmen, and corporate identity holder (Only Owners of the Corporates or in some cases their partners and directors)   must ...

As Secretary-General with Chamber of  Commerce and Industry , on a daily basis, I am receiving phone calls and meeting many peoples from different backgrounds according to their skills and expertise in different industries. Federal and Provincial Governments announced their budget and the present slowdown economy affected the National GDP and economy very badly. According to the publicly announced budget and data from the Planning Commission of Pakistan and the Ministry of Commerce the reported growth rate in the industrial manufacturing sector 0.3. That is too much panic and the mentioned statistics badly affected the national growth. The impact on the services sector is too much high and almost many people, ex-colleagues, friends and family members in social circle lost their jobs or in some cases, they were not paid by their employer since last two months in many cases employer deducted the huge portion from the percentage of their salaries. We all are observing the sa...

Company Audit and Relationship among Audit Committee, Internal, External Auditors, Board of Directors and Management: There is a direct relationship among all the concerned stakeholders for a company audit process. The audit is an inspection process through which a company or business venture is normally examined by an independent body. The Modern day business mostly gives  weight  to the Ethics and complete business controls, through that way they achieve the effectiveness and efficiency in their daily business performance. That the reason the internal control by business operations staff, management and leadership is the key to success in business. Although the external auditors for the business financial reporting and statements analysis still important for the business and company legal value and worth. Here is the short and glance view of the different organization stakeholders role in the audit process. Board of Directors and Management:      ...