Account & Audit

Blog, News, Account & Audit

May 8, 2024

[Opinion] Audit of Hedge Funds – Complexities & Challenges

Introduction Hedge funds are a … Continue reading “[Opinion] Audit of Hedge Funds – Complexities & Challenges”

Blog, News, Account & Audit

May 8, 2024

Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework

An asset is a present … Continue reading “Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework”

News, Blog, Account & Audit

May 6, 2024

Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans

According to Ind AS 19, … Continue reading “Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans”

Blog, News, Account & Audit

May 6, 2024

Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services

For long-term foreign currency payables … Continue reading “Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services”

Blog, News, Account & Audit

May 2, 2024

Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share

To calculate basic earnings per … Continue reading “Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share”

Blog, News, Account & Audit

April 30, 2024

Audit Firm Penalised for Submitting Falsified Affidavit & to Avoid Submitting Information to NFRA

NFRA imposed a monetary penalty … Continue reading “Audit Firm Penalised for Submitting Falsified Affidavit & to Avoid Submitting Information to NFRA”

Blog, News, Account & Audit

April 30, 2024

Audit Firm Failed to Analyse Going Concern Assumption Despite Prima Facia Adverse Factors, Penalised Rs. Fifty Lakhs

NFRA imposed a monetary penalty … Continue reading “Audit Firm Failed to Analyse Going Concern Assumption Despite Prima Facia Adverse Factors, Penalised Rs. Fifty Lakhs”

Blog, News, Account & Audit

April 30, 2024

NFRA Heavily Fined Auditor and Audit Firm for Rationalising the Actions of the Company

NFRA imposed a monetary penalty … Continue reading “NFRA Heavily Fined Auditor and Audit Firm for Rationalising the Actions of the Company”

Blog, Account & Audit

April 30, 2024

Professional Ethics and Liabilities for Chartered Accountants – NOCLAR | ICAI Council Guidelines | Principles

What are the Ethics and … Continue reading “Professional Ethics and Liabilities for Chartered Accountants – NOCLAR | ICAI Council Guidelines | Principles”

Blog, News, Account & Audit

April 29, 2024

Imposing Penalties on Both the Partner and Audit Firm Does Not Constitute Double Jeopardy

The Securities Exchange Board of … Continue reading “Imposing Penalties on Both the Partner and Audit Firm Does Not Constitute Double Jeopardy”