Account & Audit

Blog, News, Account & Audit

October 6, 2023

Determining the Replacement Value of the Asset when Original Cost Data is not Available

Para 70 of Ind AS … Continue reading “Determining the Replacement Value of the Asset when Original Cost Data is not Available”

Blog, News, Account & Audit

October 5, 2023

Case Study on Treatment of Deferred Tax at the Time of Business Purchase as per Ind AS 12

Para 66 of Ind AS … Continue reading “Case Study on Treatment of Deferred Tax at the Time of Business Purchase as per Ind AS 12”

Blog, News, Account & Audit

October 4, 2023

NFRA’s Enforcement Actions Against Branch Auditors of Non-Banking Financial Company

A Ltd. (herein referred to … Continue reading “NFRA’s Enforcement Actions Against Branch Auditors of Non-Banking Financial Company”

News, Blog, Account & Audit

October 3, 2023

Last-Minute Tax Audits | Evaluating the Auditor’s Options for Safeguarding

In a situation where the … Continue reading “Last-Minute Tax Audits | Evaluating the Auditor’s Options for Safeguarding”

Blog, News, Account & Audit

September 30, 2023

Accounting for Compensation Received on Loss of Property, Plant, and Equipment

Impairments or losses of items … Continue reading “Accounting for Compensation Received on Loss of Property, Plant, and Equipment”

Blog, News, Account & Audit

September 29, 2023

Case Study on the Impact of Deferred Tax Due to Revaluation of Assets

Ind ASs permit or require … Continue reading “Case Study on the Impact of Deferred Tax Due to Revaluation of Assets”

Blog, News, Account & Audit

September 28, 2023

NFRA’s Inquiry | Revealing the EQC Reviewer’s Ignorance

NFRA in its recent order … Continue reading “NFRA’s Inquiry | Revealing the EQC Reviewer’s Ignorance”

Blog, Account & Audit

April 15, 2025

Auditing Standards – FAQs | Limitations | Scope

Auditing Standards are a set … Continue reading “Auditing Standards – FAQs | Limitations | Scope”

Blog, News, Account & Audit

September 27, 2023

Case Study on Restatement of Financial Statements on Account of Prior Period Errors

Para 5 of Ind AS … Continue reading “Case Study on Restatement of Financial Statements on Account of Prior Period Errors”

Blog, News, Account & Audit

September 26, 2023

Accounting of Significant Financing Component Under Ind AS 115 When Customer Pays Consideration in Advance

Para 61 of Ind AS … Continue reading “Accounting of Significant Financing Component Under Ind AS 115 When Customer Pays Consideration in Advance”