Account & Audit

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February 16, 2024

ICAI Issues Guidance Note on Audit of Banks | 2024 Edition

The Institute of Chartered Accountants … Continue reading “ICAI Issues Guidance Note on Audit of Banks | 2024 Edition”

News, Blog, Account & Audit

February 16, 2024

ICAI Issues Technical Guide on Preparation of Financial Statements under Cash Basis of Accounting

The Institute of Chartered Accountants … Continue reading “ICAI Issues Technical Guide on Preparation of Financial Statements under Cash Basis of Accounting”

Blog, News, Account & Audit

February 14, 2024

Consequences of Detection of Fraud After Reporting Date

Para 21 of Ind AS … Continue reading “Consequences of Detection of Fraud After Reporting Date”

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February 13, 2024

ICAI Issues Implementation Guide (Revised) on Reporting on Audit Trail

The Institute of Chartered Accountants … Continue reading “ICAI Issues Implementation Guide (Revised) on Reporting on Audit Trail”

Blog, News, Account & Audit

February 13, 2024

ICAI Can Refer Matter to Disciplinary Committee If Board of Discipline Disagrees With Director’s Opinion | SC

The Supreme Court has upheld … Continue reading “ICAI Can Refer Matter to Disciplinary Committee If Board of Discipline Disagrees With Director’s Opinion | SC”

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February 12, 2024

Consequences of Stock Damage After the Reporting Date on NRV for Valuation Purposes

Ind AS 10, Events after … Continue reading “Consequences of Stock Damage After the Reporting Date on NRV for Valuation Purposes”

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February 7, 2024

Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38

Para 95 of Ind AS … Continue reading “Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38”

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February 5, 2024

Customer Identification Under Ind AS 115 When Operating as Principal or Agent Under a Contract

As per Ind AS 115, … Continue reading “Customer Identification Under Ind AS 115 When Operating as Principal or Agent Under a Contract”

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February 3, 2024

Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109

A company recognises its bonds … Continue reading “Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109”

Blog, News, Account & Audit

February 2, 2024

Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20

When a company become is … Continue reading “Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20”