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October 19, 2023

Accounting Treatment for Distribution of Non-cash Assets to Owners

The liability to pay a … Continue reading “Accounting Treatment for Distribution of Non-cash Assets to Owners”

Blog, News, Account & Audit

October 18, 2023

Accounting Treatment of Changes in Decommissioning and Site Restoration Liability for Revalued PPE

If the related asset is … Continue reading “Accounting Treatment of Changes in Decommissioning and Site Restoration Liability for Revalued PPE”

Blog, News, Account & Audit

October 17, 2023

Case Study on Accounting Treatment of Changes in Decommissioning and Site Restoration Liability

Para 4 of Appendix A … Continue reading “Case Study on Accounting Treatment of Changes in Decommissioning and Site Restoration Liability”

Blog, Account & Audit

October 16, 2023

Common Non-Compliances in Financial Statements of Companies as per AS

Table of Contents Non-Compliances Relating … Continue reading “Common Non-Compliances in Financial Statements of Companies as per AS”

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October 13, 2023

Disclosure of Liability and Contingent Assets in the Financial Statements – Ind AS 37

A contingent asset is a … Continue reading “Disclosure of Liability and Contingent Assets in the Financial Statements – Ind AS 37”

Blog, News, Account & Audit

October 12, 2023

ICAI Issues “Technical Guide on Internal Audit of Pharmaceutical Industry”

The major challenges that are … Continue reading “ICAI Issues “Technical Guide on Internal Audit of Pharmaceutical Industry””

Blog, News, Account & Audit

October 12, 2023

ICAI Issues Manual on Concurrent Audit of Banks

Concurrent audit in banks must … Continue reading “ICAI Issues Manual on Concurrent Audit of Banks”

Blog, News, Account & Audit

October 11, 2023

Presentation of “Lease Receivables” in the Financial Statements

Ind AS 116,’ Leases’ specifies … Continue reading “Presentation of “Lease Receivables” in the Financial Statements”

News, Blog, Account & Audit

October 9, 2023

Communicating KAM Para in the Auditor’s Report is not a Substitute for Expressing a Modified Opinion | NFRA

The investigation conducted by the … Continue reading “Communicating KAM Para in the Auditor’s Report is not a Substitute for Expressing a Modified Opinion | NFRA”

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”