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  National Financial Reporting Authority NFRA has the following powers under Section 132 (4) of the Companies Act, 2013. It can investigate professional misconduct or other forms of misconduct perpetrated by any member of a firm of Chartered Accountants that is registered under the Chartered Accountants Act, 1949, for various organisations - both corporate and individuals. (ii) The National Financial Reporting Authority has the following tasks, responsibilities, and powers as set forth in the Code of Civil Procedure, 1908: The discovery and preparation of books of account and other records; Obtaining the presence of individuals, as well as imposing and interrogating them under oath; Inspection of numerous papers, such as a person's books and registers, as well as appointing commissions to evaluate and examine various witnesses and documents. Role of the National Financial Reporting Authority 1. To develop suggestions based on accounting and auditing policies and procedures. 2. To e

Class 10 Science - Human Excretory System  The excretory system is a part of a live organism's body that disposes of waste. Organs of the human excretory system include: A couple of kidneys A ureter is a tube that connects the kidneys to the bladder. The bladder of the urinary system A urethra is a tube that connects the bladder to the urine A couple of kidneys Each person is born with two kidneys. On either side of the backbone are the kidneys, which are bean-shaped organs. The kidneys are protected by the ribs and back muscles. Each adult human kidney measures 10-12 cm in length, 5-7 cm in width, and weighs 120-170 grammes. Renal Capsule is a type of capsule that is used to treat kidney problems The fibrous tissue that surrounds the kidney is referred to as the renal capsule. The renal cortex and renal medulla are two zones on the interior of the kidney. The outer layer of the kidney is the renal cortex, while the inner layer is the renal medulla. Renal columns run between the m

 Power and Duties of an Auditor - CA Inter Notes Chartered Accountants are experts in nearly every aspect of finance, including taxation, auditing, and business economics. CA Intermediate is the second level of the ICAI's three-tiered Chartered Accountancy program. It is divided into two groups, each with four subjects. After passing the CA Foundation test, a student can enroll in the ICAI CA Intermediate course. An auditor is a professional who examines, checks, and validates the correctness and truthfulness of a company's financial documents. Auditor's Authority and Responsibilities Every auditor has unrestricted access to the books of account and vouchers of the firm being audited, whether they are at the company's listed office or elsewhere. Every company's auditor has the authority to examine the company's records and transactions if they are relevant to the consolidation of financial statements. An auditor has the right to be notified of any general meet

Different phases of the Business Cycle - CA Foundation Notes The natural growth and contraction of product and service production and output through time is referred to as a business cycle . Different phases of the business cycle The 4 phases of the business cycle are as follows: I – Expansion : During this period, production output and employment both expand dramatically. During this time, involuntary unemployment remains at a minimum. II – Peak : The expansion phase comes to a close here, and the peak is reached. During this time, the company reaches its maximum. The economy reaches its full output but overheats as a result. As cost and sale prices rise, demand falls and the cost of living rises. III - Contraction : During this phase, the company succumbs to economic pressure and begins to downsize. In contrast to the boom period, output and employment begin to decline. Unemployment is becoming more involuntary. IV - Trough : During this period, outputs and employment are at their lo

What is the use of fermentation in daily life? Class 10 Science Notes - Use of fermentation The following are some examples of how fermentation is used in everyday life: 1. In the food preservation and processing sector, the fermentation process is frequently used. Fermentation is used in several food processing businesses, particularly pickle production, to retain food and extend its shelf life. 2. As a result of this procedure, alcoholic beverages are produced. Heterogeneous fermentation is a method used in the alcohol business. 3. Fermentation is responsible for the creation of bread and other bakery goods. 4. In the production of biofuels like ethanol, the fermentation process is crucial. Because they contain a lot of sugar, sugar beet, corn, and sugar cane are three of the most popular plants utilised in ethanol manufacturing. Uses of fermented food 1. Fermentation creates probiotics, which can help to restore the balance of friendly bacteria in your stomach and alleviate some dig

Class 7 Science -Camouflage Camouflage is the use of a variety of materials, colours, and lighting to conceal and protect animals and plants from predators. Some animals seem to be able to adapt to any situation. Depending on the situation, their colours, patterns, and skins alter. They may change colour or camouflage themselves to avoid being seen by hunters. To blend in with the environment, they use a combination of materials, colours, and lighting. Many animals conceal in order to blend in with their surroundings. Chameleons and octopuses are the most common examples of this phenomena. Hunters have a difficult time identifying them since they take on the colour of wood, leaves, or stone. To catch prey or flee from predators, animals employ a range of strategies. Camouflage is made up of two main elements: pigments and physical makeup. Bio-chromes, for example, are pigments found in octopuses that include microscopic pigments that reflect light to modify the specimen's colour.

Business Communication Meaning and Types of Writing  Communication is the process by which two or more people exchange ideas and concepts with one another. Business communication refers to communication that is related to work. Business communication includes any communication related to legislation, administration, finance, trade, management, and so on. Based on its purpose, the large field of business writing can be divided into four categories, such as - Informational business writing Informational business writing gives you the information you need to finish a task. Let's look at an example to illustrate the goal of such communication. The October sales report was sent to me by my manager. It featured information on client analysis, profit margins, and sales overheads. It is informative business writing because the sales report gave significant information for me to comprehend the sales operations for October. Business reports, a firm's financials, meeting minutes, and othe