Account & Audit

Blog, News, Account & Audit

January 18, 2024

NFRA Seeks Proposals from CA Firm/LLP/Proprietorship to Compile, Verify Books of Accounts & Handle Taxation Matters

National Financial Reporting Authority (NFRA) … Continue reading “NFRA Seeks Proposals from CA Firm/LLP/Proprietorship to Compile, Verify Books of Accounts & Handle Taxation Matters”

Blog, News, Account & Audit

January 17, 2024

[Opinion] NFRA Imposes 10 Years Ban & 20 Lakhs Penalty Upon Statutory Auditor for Professional Misconduct

Prof R Balakrishnan, FCS – … Continue reading “[Opinion] NFRA Imposes 10 Years Ban & 20 Lakhs Penalty Upon Statutory Auditor for Professional Misconduct”

Blog, News, Account & Audit

January 16, 2024

Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors

Following the provisions of para … Continue reading “Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors”

Blog, News, Account & Audit

January 15, 2024

NFRA Releases Its 2022-23 Annual Report, Highlighting Key Achievements & Interactions With Stakeholders

National Financial Reporting Authority (NFRA) … Continue reading “NFRA Releases Its 2022-23 Annual Report, Highlighting Key Achievements & Interactions With Stakeholders”

Blog, News, Account & Audit

January 12, 2024

[Opinion] Can NFRA Hold Auditor of a Listed Company Guilty Under Clause 2 of Part III of First Schedule of CA Act?

CA Srinivasan Anand G. – … Continue reading “[Opinion] Can NFRA Hold Auditor of a Listed Company Guilty Under Clause 2 of Part III of First Schedule of CA Act?”

News, Blog, 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”

Blog, News, 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”

Blog, News, Account & Audit

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”

Blog, News, 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”