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The Audit Dot Com: A global resource for accounting and auditing professionals and students, offering facts, figures, and insights.

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Audit Dot Com (@TheAuditDotCom) is a global resource for accounting and auditing professionals and students, providing facts, figures, and insights from V. S. Vadivel FCA, ACS. Mr. V S Vadivel, an Indian Author, Chartered Accountant, Company Secretary, and Academician, has so far authored 41 books on taxation, audit, and assurance, meant for CAs and others. More information about him, his books, and publications can be found at https://t.co/fziMFtjWAR

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Happy Chartered Accountants' Day 2026 to the entire CA community of India!

The Indian CAs have always been "trusted partners" in the country's economic progress, and their dedication to transparency and professional excellence strengthens the country's financial systems and builds investor confidence.

Let us all CAs strive to make India a developed nation by 2047.

Happy CA Day, 2026!

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Honorable Vice-President of India, Shri C.P. Radhakrishnan, will be the Chief Guest at ICAI's 78th Foundation Day (CA Day) on July 1, 2026, held at Vigyan Bhawan, New Delhi. This event will commemorate the profession's journey with seminars, felicitation ceremonies, knowledge sessions, and awareness drives honoring Chartered Accountants' contributions.

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Happy CA Day 2026:

Chartered Accountants' Day (CA Day) is observed on July 1 to honour the professionals whose work underpins financial stability and corporate accountability. It coincides with the anniversary of the Institute of Chartered Accountants of India (ICAI). This year, India will celebrate the 78th Chartered Accountants' Day.

[audit.com @TheAuditDotCom]

Audit Dot Com (@TheAuditDotCom) is a global resource for accounting and auditing professionals and students, providing facts, figures, and insights from V. S. Vadivel FCA, ACS. Mr. V S Vadivel, an Indian Author, Chartered Accountant, Company Secretary, and Academician, has so far authored 41 books on taxation, audit, and assurance, meant for CAs and others. More information about him, his books, and publications can be found at https://t.co/fziMFtjWAR

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How many litres of oil in a barrel?

In the petroleum industry, one barrel of crude oil equals 42 US gallons, which converts to approximately 158.99 litres, commonly rounded to 159 litres.

This unit is used worldwide in oil trading, pricing, and production.

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UPI fraud cases are increasing in India!

As per government data shared in the Indian Parliament, 10.64 lakh UPI fraud cases worth Rs. 805 crores were reported in FY 2025-2026 (till November). Be alert!

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A good auditor can see what others miss anywhere. In fact, professionally qualified auditors don't just find mistakes; they ensure accuracy.

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It's only for the good of his subjects that a king collects taxes from them, just as the sun draws moisture from the earth to give it back a thousandfold. How many governments in India are doing that?

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"Black or white" does not matter. It is not illegal for anybody to keep their money in foreign bank accounts as long as taxes are paid on it.

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People with clean hands should not suffer at the hands of tax officials who act high-handedly. All tax laws must be made honest taxpayer-friendly.

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Cash-rich companies in India should formulate a mandatory policy to distribute a share of this cash to shareholders. Company law should be amended.

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National Statistics Day is celebrated every year on 29 June. Statistics Day marks the birth anniversary of Professor Prasanta Chandra Mahalanobis, a pioneer in statistics and economic planning.

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John McCarthy, who is the Father of Artificial Intelligence, was a pioneer in the field of AI. He not only is credited to be the founder of AI but also one who coined the term Artificial Intelligence.

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Govt. should arrange collection or recovery of taxes in such a manner that tax paying citizens do not feel the pinch of paying taxes.

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The government must discourage cash transactions in India. This digital move will prove effective in curbing the flow of black money across the country.

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All tax laws in India should be simplified. Tax complexity itself acts as another kind of "tax" for all honest taxpayers.

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If you can't send an Excel file because it's too big, save it as .xlsb. This will shrink the file size.

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Largest Gold Reserves: Know the top countries (1) USA (8,133.46 tonnes) (2) Germany (3,352.65 tonnes) (3) Italy (2,451.84 tonnes) (4) France (2,436.88 tonnes) (5) Russia (2,332.74 tonnes)

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World Standards Day is celebrated on 14 October to honour the experts who create voluntary standards for safety and consumer satisfaction. It originated in 1946, leading to the establishment of the International Organization for Standardization (ISO) in 1947.

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For nearly 1,700 years (from 1 CE), India (as an economic unit) was the world's largest economy, constituting nearly 35–40% of global GDP during this period.