Corporate Social Responsibility (CSR) Spending
The mandatory CSR expenditure required under Section 135 for companies meeting specified net worth, turnover or profit thresholds, with unspent amounts subject to specific transfer and disclosure requirements.
Related terms
- Control Environment
The overall tone an organisation sets about the importance of internal control — management's attitude, integrity and competence — the foundation COSO places under every other control component.
- Control Risk
The risk that a misstatement could occur in an assertion and not be prevented, or detected and corrected, on a timely basis by the entity's internal control.
- COSO Framework
A widely used internal control framework (Committee of Sponsoring Organizations of the Treadway Commission) describing five components of effective internal control, commonly used as the basis for IFC assessments in India.
- Cost Audit
An audit of a company's cost records, required for specified classes of companies engaged in regulated or strategic sectors, reported separately from the statutory financial audit.
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231 terms in total, or go deeper with working procedures and worked examples in the resource library.