The main difference between the two words is that strategy has a bigger scope. It focuses on the end goal. Its main objective is to try to achieve the end point. Tactics, on the other hand, have a smaller...

PTRC stands for Professional Tax Registration Certificate, and PTEC stands for Professional Tax Enrollment Certificate. A business usually requires both to conduct business. The process to register for the...

The basic difference between an internal audit and an external audit is that an internal audit is conducted internally, by employees of the company or organization, whereas an external audit is conducted by...

A tax audit is conducted to ensure that the financial statements of a person or an organization are in order. This may be done on the behalf of the person or company, or it may be a requirement. A statutory...

Active behavior basically means that they are engaged in some kind of action. Proactive behavior refers to behavior that aims to act in advance of a possible event rather than react after the event has...