Account & Audit

Blog, News, Account & Audit

July 25, 2023

Understanding the Role of Auditor’s Opinion and Emphasis of Matter Paragraph in Financial Statement Reporting

The auditor shall form an … Continue reading “Understanding the Role of Auditor’s Opinion and Emphasis of Matter Paragraph in Financial Statement Reporting”

News, Blog, Account & Audit

July 24, 2023

FRRB Observations | Key Non-compliances Observed in Reporting of Current Assets in the Financial Statements

The Financial Reporting Review Board … Continue reading “FRRB Observations | Key Non-compliances Observed in Reporting of Current Assets in the Financial Statements”

Blog, News, Account & Audit

July 22, 2023

[Internal Audit Illustrative Checklist] for Audit of Procurement & Purchase to be Used by Internal Auditor

Material is an important cost … Continue reading “[Internal Audit Illustrative Checklist] for Audit of Procurement & Purchase to be Used by Internal Auditor”

Blog, News, Account & Audit

July 21, 2023

ICAI Defers Peer Review Requirement for Practice Unit Covered under Phase II of Peer Review Mandate

To ensure quality assurance and … Continue reading “ICAI Defers Peer Review Requirement for Practice Unit Covered under Phase II of Peer Review Mandate”

Blog, News, Account & Audit

July 20, 2023

Accounting Treatment of Auctioned Collateral Assets Under Ind AS 105 and Ind AS 109

Collateral means the assets pledged … Continue reading “Accounting Treatment of Auctioned Collateral Assets Under Ind AS 105 and Ind AS 109”

Blog, News, Account & Audit

July 19, 2023

[Illustrative Checklist] for Verification of Cash and Bank Balances to be Followed by the Auditor

Cash and bank balances often … Continue reading “[Illustrative Checklist] for Verification of Cash and Bank Balances to be Followed by the Auditor”

Blog, News, Account & Audit

July 18, 2023

Fair Valuation Technique for Unquoted Investments in Equity Instruments as per Ind AS 109

A company engaged in providing … Continue reading “Fair Valuation Technique for Unquoted Investments in Equity Instruments as per Ind AS 109”

Blog, News, Account & Audit

July 17, 2023

[Illustrative Checklist] on Disclosure Requirement under Ind AS 113 | Fair Value Measurement

Ind AS 113, Fair Value … Continue reading “[Illustrative Checklist] on Disclosure Requirement under Ind AS 113 | Fair Value Measurement”

News, Blog, Account & Audit

July 15, 2023

CA Firm Faces Severe Penalty from NFRA for Failure to Report Fraud

National Financial Reporting Authority (NFRA) … Continue reading “CA Firm Faces Severe Penalty from NFRA for Failure to Report Fraud”

Blog, News, Account & Audit

July 14, 2023

[Illustrative Checklist] for Verification of Liabilities to be Followed by the Auditor | Part-2

Being an important part of … Continue reading “[Illustrative Checklist] for Verification of Liabilities to be Followed by the Auditor | Part-2”