Blog, News, Account & Audit July 28, 2023 Initial Audit Engagement | Audit Checklist and Reporting Under Different Circumstances There is significantly high audit … Continue reading “Initial Audit Engagement | Audit Checklist and Reporting Under Different Circumstances”
News, Blog, Account & Audit July 27, 2023 ICAI Issues Exposure Draft of International Tax Reform – Pillar Two Model Rules | Amendments to Ind AS 12/AS 22 ICAI has issued an exposure … Continue reading “ICAI Issues Exposure Draft of International Tax Reform – Pillar Two Model Rules | Amendments to Ind AS 12/AS 22”
Blog, News, Account & Audit July 27, 2023 ICAI Exposure Draft – Amendments and Disclosures in Ind AS 7 and Ind AS 107 When an entity enters into … Continue reading “ICAI Exposure Draft – Amendments and Disclosures in Ind AS 7 and Ind AS 107”
Blog, News, Account & Audit July 26, 2023 Ind AS Schedule III Checklist | Presentation & Disclosure of Expenses in the Financial Statements In an ever-evolving world of … Continue reading “Ind AS Schedule III Checklist | Presentation & Disclosure of Expenses in the Financial Statements”
Blog, News, Account & Audit July 25, 2023 Understanding the Role of Auditor’s Opinion and Emphasis of Matter Paragraph in Financial Statement Reporting The auditor shall form an … Continue reading “Understanding the Role of Auditor’s Opinion and Emphasis of Matter Paragraph in Financial Statement Reporting”
Blog, News, Account & Audit July 24, 2023 FRRB Observations | Key Non-compliances Observed in Reporting of Current Assets in the Financial Statements The Financial Reporting Review Board … Continue reading “FRRB Observations | Key Non-compliances Observed in Reporting of Current Assets in the Financial Statements”
Blog, News, Account & Audit July 22, 2023 [Internal Audit Illustrative Checklist] for Audit of Procurement & Purchase to be Used by Internal Auditor Material is an important cost … Continue reading “[Internal Audit Illustrative Checklist] for Audit of Procurement & Purchase to be Used by Internal Auditor”
Blog, News, Account & Audit July 21, 2023 ICAI Defers Peer Review Requirement for Practice Unit Covered under Phase II of Peer Review Mandate To ensure quality assurance and … Continue reading “ICAI Defers Peer Review Requirement for Practice Unit Covered under Phase II of Peer Review Mandate”
News, Blog, Account & Audit July 20, 2023 Accounting Treatment of Auctioned Collateral Assets Under Ind AS 105 and Ind AS 109 Collateral means the assets pledged … Continue reading “Accounting Treatment of Auctioned Collateral Assets Under Ind AS 105 and Ind AS 109”
Blog, News, Account & Audit July 19, 2023 [Illustrative Checklist] for Verification of Cash and Bank Balances to be Followed by the Auditor Cash and bank balances often … Continue reading “[Illustrative Checklist] for Verification of Cash and Bank Balances to be Followed by the Auditor”