Account & Audit

Blog, News, Account & Audit

January 12, 2024

NFRA Debars & Fines CA for Not Evaluating Going-Concern Despite Indications Exist and for Inappropriate Audit Reporting

A Chartered Accountant being the … Continue reading “NFRA Debars & Fines CA for Not Evaluating Going-Concern Despite Indications Exist and for Inappropriate Audit Reporting”

News, Blog, Account & Audit

January 10, 2024

Deciding Functional Currency in Case of Mixed Primary Indicators

Para 9 of Ind AS … Continue reading “Deciding Functional Currency in Case of Mixed Primary Indicators”

Blog, News, Account & Audit

January 8, 2024

[Opinion] Need of Discounting Security Deposits & Retention Money As Per Ind AS 109, Concept Where & Reasons for Exemption

CA Bharat Sonkhiya, CA Vikash … Continue reading “[Opinion] Need of Discounting Security Deposits & Retention Money As Per Ind AS 109, Concept Where & Reasons for Exemption”

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January 6, 2024

NFRA Penalizes CA for Failure to Exercise Due Diligence in Certifying Form 10 DA

In its Order No.0001/2024, dated … Continue reading “NFRA Penalizes CA for Failure to Exercise Due Diligence in Certifying Form 10 DA”

News, Blog, Account & Audit

January 6, 2024

Revenue Recognition As Per Ind AS 115 and Situation for Deferment of the Revenue

CA Bharat Sonkhiya, CA Vikash … Continue reading “Revenue Recognition As Per Ind AS 115 and Situation for Deferment of the Revenue”

Blog, News, Account & Audit

January 5, 2024

Accounting Treatment of Incidental Income Derived From Interest-free Funds

Para 21 of Ind AS … Continue reading “Accounting Treatment of Incidental Income Derived From Interest-free Funds”

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January 4, 2024

[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21

CA Bharat Sonkhiya, CA Vikash … Continue reading “[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21”

Blog, News, Account & Audit

January 2, 2024

[Opinion] Interplay of ICDS | Ind AS Borrowing Cost

CA Mohit Manav Sharma & … Continue reading “[Opinion] Interplay of ICDS | Ind AS Borrowing Cost”

News, Blog, Account & Audit

December 30, 2023

Presentation of Amounts Received Under Channel Financing Facility as per Schedule III to the Companies Act, 2013

A company dealing in consumer … Continue reading “Presentation of Amounts Received Under Channel Financing Facility as per Schedule III to the Companies Act, 2013”

Blog, News, Account & Audit

December 29, 2023

[Opinion] Can Auditor Certify Prospective Financial Information (“PFI”)?

CA Bharat Sonkhiya & Namah … Continue reading “[Opinion] Can Auditor Certify Prospective Financial Information (“PFI”)?”