Account & Audit

Blog, News, Account & Audit

December 6, 2022

Problems in Central Statutory Auditor Scrutiny of Financial Statements of Bank Branches

Over the last few decades, … Continue reading “Problems in Central Statutory Auditor Scrutiny of Financial Statements of Bank Branches”

News, Blog, Account & Audit

November 30, 2022

[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements

Ind AS 1, Presentation of … Continue reading “[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements”

Blog, News, Account & Audit

November 28, 2022

[Opinion] Merely due to consolidation, adjustments should not be made to the method of depreciation in the CFS

Depreciation is the systematic allocation … Continue reading “[Opinion] Merely due to consolidation, adjustments should not be made to the method of depreciation in the CFS”

Blog, News, Account & Audit

November 24, 2022

[Disclosure Checklist] Ind AS 16 | Property Plant and Equipment

Ind AS 16, Property, Plant … Continue reading “[Disclosure Checklist] Ind AS 16 | Property Plant and Equipment”

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November 14, 2022

Presentation of cash flows from long-term investments in the cash flow statement of an AIF

AIF means any fund established … Continue reading “Presentation of cash flows from long-term investments in the cash flow statement of an AIF”

Blog, News, Account & Audit

November 9, 2022

NFRA’s Interpretation on SA 230 Audit Documentation

It has been observed that … Continue reading “NFRA’s Interpretation on SA 230 Audit Documentation”

Blog, News, Account & Audit

November 7, 2022

Presentation of Movement in a Non-current Financial Asset in the Cash Flow Statement

(Ind AS) 115, ‘Revenue from … Continue reading “Presentation of Movement in a Non-current Financial Asset in the Cash Flow Statement”

Blog, News, Account & Audit

November 5, 2022

NFRA’s Interpretation on SA 200

“Auditor” is used to refer … Continue reading “NFRA’s Interpretation on SA 200”

News, Blog, Account & Audit

October 29, 2022

Mere classification of borrowings as NPAs by banks doesn’t relieve the company from interest: NFRA clarifies

During a disciplinary action under … Continue reading “Mere classification of borrowings as NPAs by banks doesn’t relieve the company from interest: NFRA clarifies”

Blog, News, Account & Audit

October 22, 2022

Accounting treatment of dredging and shoal expenditure at the riverbank for ensuring water supply to the refinery

Para 16 of Ind AS … Continue reading “Accounting treatment of dredging and shoal expenditure at the riverbank for ensuring water supply to the refinery”