Law Padho (A Virtual Platform For Law Students and Judiciary Aspirants)

  This article is written by  Kunal Yogesh Nadkarni ,  a student at   Symbiosis Law School, Hyderabad , where he discusses about the  " AUDITORS REPORT" TOPIC: AUDITOR'S REPORT CHAPTER I: INTRODUCTION “ The Auditor is a Watchdog and not a Bloodhound ” – Lord Justice Topes   An audit report can be defined as a structured and self-sustaining form of examination of the relevant financial statements, data, records, day-to-day operations of an undertaking in consonance with the purpose sought to be achieved. Fundamentally, the auditor perceives and examines the relevant evidence and conveys his judgment in form of an audit report with the purpose of enhancing the productivity of control, risk management and administration. [1] The auditor is entrusted to review whether the said financial statements are in adherence to the “International Financial Reporting Standards” (IFRS) and the “Generally Accepted Accounting Principles” (GAAP). Furthermore, a deta...

  This article is written by  AMRIT BEHERA,  a student at  Symbiosis Law School, Hyderabad,   where he discusses about the    " TERRITORIAL SEA"   ABSTRACT The following paper focuses on the importance of the territorial sea. Most of us are aware that the territorial sea extends up to 12 nautical miles. This paper deals with the history of the territorial sea. And it also focuses of the development of the law relating to the sea and how the rule of 12 nautical miles came into act. The Formation and the role of UNCLOS is also discussed broadly in this paper. The paper also shows India’s position in relation to the territorial waters. It also focuses on the controversies revolving around different countries in relation to the territorial sea with the help of case laws.   INTRODUCTION The Earth is nearly covered with 30% of land and 70% of water. The land is present over the planet earth is divided among different countries. But the scen...