Account & Audit

Blog, News, Account & Audit

January 7, 2025

[Opinion] Understanding Monetary and Non-Monetary Items | Key Insights for Accurate Financial Reporting

CA Bharat Sonkhiya & Vikram … Continue reading “[Opinion] Understanding Monetary and Non-Monetary Items | Key Insights for Accurate Financial Reporting”

Blog, News, Account & Audit

January 4, 2025

Accounting for Grants Received from MoPNG for O&M Expenditure in the Oil and Gas Sector Under Ind AS Framework

This document delves into accounting … Continue reading “Accounting for Grants Received from MoPNG for O&M Expenditure in the Oil and Gas Sector Under Ind AS Framework”

Blog, News, Account & Audit

January 2, 2025

[Opinion] Auditing Vendor Payments | Key Area of Concern

CA Nitin Sharma & Rehansh … Continue reading “[Opinion] Auditing Vendor Payments | Key Area of Concern”

Blog, News, Account & Audit

December 30, 2024

[Opinion] Revenue Recognition as per Percentage Completion Method | Key Aspects to Consider Under Accounting Standard-7

CA Nitin Sharma & Rituraj … Continue reading “[Opinion] Revenue Recognition as per Percentage Completion Method | Key Aspects to Consider Under Accounting Standard-7”

News, Blog, Account & Audit

December 28, 2024

[Global Financial Insights] IFRS Foundation Proposes Handbook Updates and More

This week’s Global Financial Insights … Continue reading “[Global Financial Insights] IFRS Foundation Proposes Handbook Updates and More”

Blog, News, Account & Audit

December 26, 2024

ICAI to Establish 11 Centres of Excellence to Enhance Global Leadership in Accounting and Auditing

ICAI plans to set up … Continue reading “ICAI to Establish 11 Centres of Excellence to Enhance Global Leadership in Accounting and Auditing”

Blog, News, Account & Audit

December 26, 2024

NFRA Penalized and Debarred Auditors for Misreporting Guarantees and Negligence in Loans

On December 23, 2024, NFRA … Continue reading “NFRA Penalized and Debarred Auditors for Misreporting Guarantees and Negligence in Loans”

Blog, News, Account & Audit

December 26, 2024

NFRA Imposes ₹2 Crore Penalty for Audit Lapses and Red Flags in Financial Accounts, Debars 2 Partners

On December 23, 2024, NFRA … Continue reading “NFRA Imposes ₹2 Crore Penalty for Audit Lapses and Red Flags in Financial Accounts, Debars 2 Partners”

Blog, News, Account & Audit

December 26, 2024

ICAI to Set International Networking Norms for CA Firms by Year-End

ICAI plans to finalize international … Continue reading “ICAI to Set International Networking Norms for CA Firms by Year-End”

Blog, News, Account & Audit

December 24, 2024

Impact of Deferred Tax on the Right of Return of Goods – Ind AS 12

This document examines the implications … Continue reading “Impact of Deferred Tax on the Right of Return of Goods – Ind AS 12”