Account & Audit

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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”

Blog, News, Account & Audit

December 23, 2024

NFRA Issues Inspection Reports on 2 Audit Firms, Highlights Deficiencies and Recommends Enhanced Compliance and Quality Control

The National Financial Reporting Authority … Continue reading “NFRA Issues Inspection Reports on 2 Audit Firms, Highlights Deficiencies and Recommends Enhanced Compliance and Quality Control”

News, Blog, Account & Audit

December 22, 2024

Evaluating the Impact of a Uniform Residual Value Approach for Pipelines on Ind AS 16 Requirements

This document addresses the accounting … Continue reading “Evaluating the Impact of a Uniform Residual Value Approach for Pipelines on Ind AS 16 Requirements”

Blog, News, Account & Audit

December 20, 2024

[Global Financial Insights] IASB Amends IFRS for Nature-Dependent Contracts and More

Editorial Team – [2024] 169 … Continue reading “[Global Financial Insights] IASB Amends IFRS for Nature-Dependent Contracts and More”