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Compliance risk is an organization's potential exposure to legal penalties, monetary fines, reputation damages and material loss, caused by a failure to act in accordance with government laws, industry regulations, or prescribed best practices . When a Bank fails to comply with regulatory requirements, it may face Compliance Risk. Compliance Risk is also known as Integrity Risk.
In the context of auditing standards, which standard is associated with "Agreeing the Terms of Audit Engagements"?
What is the charging section under CGST Act, 2017
As per section 408 of the Companies Act the National Company Law Tribunal shall consist of ________________
Number of days in a month for purposes of computing taxable gratuity in case the employee is covered under the Payment of gratuity Act, 1972, are?
Under what heading, "uncalled liability on partly paid up shares" will appear while preparing final accounts of limited liability companies?
A company purchased land for ₹5,00,000 by issuing shares instead of paying cash. How should this transaction be treated in the cash flow statement?
Voucher relates to _________.
Which of the following statements about the accrual basis of accounting is true?
What is the net present value of the project with a 3-year life and a cost of ₹2,00,000 that generates revenues of ₹50,000 in year 1; ₹1,00,000 in...
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a severe disability?
