General Financial Rules (GFR Rules)

The Benefits of Stock Audits for Manufacturing Companies in India

Managing inventory is a critical component of running a successful manufacturing business. Without proper oversight, inventory mismanagement can lead to production delays, financial discrepancies, and operational inefficiencies. This is where stock audits play a key role. If you’re a manufacturing company looking to optimize operations, a regular stock audit in India is not just useful—it’sContinue reading “The Benefits of Stock Audits for Manufacturing Companies in India”

What to Expect During an Internal Audit: A Step-by-Step Guide

Internal audits are an integral element of any organization’s operations. They aid in assessing the overall performance of a company as well as identify areas that need improvement, and make sure that the company is in standards. If your business will be subject to one, it’s crucial to know the procedure to ensure a pleasantContinue reading “What to Expect During an Internal Audit: A Step-by-Step Guide”

The General Financial Rules (GFRs) are the general rules of Government of India (GOI) which are applicable to all Government Ministries/Departments. Exceptions are provided in the Rules. These rules are applicable in matters relating to Public Finance, that is, Matters relating to Revenue and Expenditure of Government. These rules were first introduced in 1947 andContinue reading “General Financial Rules (GFR Rules)”