Whois & Analysis for smartcorp.in

A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria.

Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization.

In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.

A sales tax is a tax paid to a governing body for the sales of certain goods and services.

Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.

When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.

Often laws provide for the exemption of certain goods or services from sales and use tax, such as food, education, and medicines.

A value-added tax (VAT) collected on goods and services is related to a sales tax.

See Comparison with sales tax for key differences.

Corporate law (also known as business law, company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses.

The term refers to the legal practice of law relating to corporations, or to the theory of corporations.

Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation.

It thus encompasses the formation, funding, governance, and death of a corporation.

Intellectual property (IP) is a category of property that includes intangible creations of the human intellect.

There are many types of intellectual property, and some countries recognize more than others.

The best-known types are patents, copyrights, trademarks, and trade secrets.

The modern concept of intellectual property developed in England in the 17th and 18th centuries.

The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in most of the world's legal systems.

A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes.' Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature).

Most jurisdictions now allow the creation of new corporations through registration.

Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit.

Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person).