Account & Audit

Account & Audit, Blog, News

December 4, 2023

Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence

Financial statements provide vital information … Continue reading “Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence”

Account & Audit, Blog, News

December 1, 2023

Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16

A government-owned organization involved in … Continue reading “Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16”

Account & Audit, Blog, News

November 30, 2023

Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102

Para 28 of Ind AS … Continue reading “Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102”

Account & Audit, Blog, News

November 28, 2023

Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility

A company has entered into … Continue reading “Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility”

Account & Audit, Blog, News

November 27, 2023

NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary

On receipt of information from … Continue reading “NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary”

Account & Audit, Blog, News

November 24, 2023

Presentation of Statement of Profit & Loss for a Non-revenue Generating Company

When a company is incorporated … Continue reading “Presentation of Statement of Profit & Loss for a Non-revenue Generating Company”

Account & Audit, Blog, News

November 23, 2023

ICAI Issues a Report on Audit Quality Review

The Quality Review Board (QRB) … Continue reading “ICAI Issues a Report on Audit Quality Review”

Account & Audit, Blog, News

November 23, 2023

ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships

The Institute of Chartered Accountants … Continue reading “ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships”

Account & Audit, Blog, News

November 22, 2023

Determining Asset Readiness | The Crucial Role of Commissioning Dates in Depreciation Accounting Under Ind AS 16

A company has floated a … Continue reading “Determining Asset Readiness | The Crucial Role of Commissioning Dates in Depreciation Accounting Under Ind AS 16”

Account & Audit, Blog, News

November 21, 2023

Significance of Internal Sales in Calculating Turnover for Segment Reporting Criteria

Para 27 of AS 17, … Continue reading “Significance of Internal Sales in Calculating Turnover for Segment Reporting Criteria”