Companies must use accounting software with audit trail of each transaction: MCA

The Ministry of Corporate Affairs (MCA) has notified the Companies (Accounts) Amendment Rules, 2021 wherein it has clarified that every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction.The Ministry of Corporate Affairs (MCA) has notified the Companies (Accounts) Amendment Rules, 2021 wherein it has clarified that every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction.taxmann.com Latest Statutory HappeningsRead More

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