Account & Audit

Blog, News, Account & Audit

July 13, 2023

ICAI Issues Exposure Drafts of Multiple Engagement and Quality Control Standards

The Auditing and Assurance Standards … Continue reading “ICAI Issues Exposure Drafts of Multiple Engagement and Quality Control Standards”

Blog, News, Account & Audit

July 12, 2023

NFRA Highlights the Importance of the Presence of Statutory Auditor at Stock-taking in Accordance with SA 501

The National Financial Reporting Authority … Continue reading “NFRA Highlights the Importance of the Presence of Statutory Auditor at Stock-taking in Accordance with SA 501”

Blog, News, Account & Audit

July 11, 2023

[Ind AS Sch III Checklist] Presentation & Disclosure of Revenue from Operations and Other Income in Financial Statements

The revenue from operations reflects … Continue reading “[Ind AS Sch III Checklist] Presentation & Disclosure of Revenue from Operations and Other Income in Financial Statements”

News, Blog, Account & Audit

July 10, 2023

Classification of PPE under Refurbishment, its Depreciation & Impairment Thereon

A Ltd. is engaged in … Continue reading “Classification of PPE under Refurbishment, its Depreciation & Impairment Thereon”

Blog, News, Account & Audit

July 7, 2023

Key Pointers from NFRA Order Alleging CA of Professional Misconduct

National Financial Reporting Authority (NFRA) … Continue reading “Key Pointers from NFRA Order Alleging CA of Professional Misconduct”

Blog, News, Account & Audit

July 6, 2023

[Illustrative Checklist] for Verification of Liabilities to be Followed by the Auditor (Part-1)

As an essential part of … Continue reading “[Illustrative Checklist] for Verification of Liabilities to be Followed by the Auditor (Part-1)”

News, Blog, Account & Audit

July 3, 2023

[Checklist] for IPs to Comply with Obligations of Committee of Creditors Meetings

The meetings of the Committee … Continue reading “[Checklist] for IPs to Comply with Obligations of Committee of Creditors Meetings”

Blog, News, Account & Audit

July 2, 2023

[Illustrative Checklist] for Audit of ERP & E-mail Migration to be Used by IS Auditor

Migration of electronic Accounts is … Continue reading “[Illustrative Checklist] for Audit of ERP & E-mail Migration to be Used by IS Auditor”

Blog, News, Account & Audit

June 30, 2023

NFRA’s Action | CA Debarred for 5 Years of Professional Service & Imposed a Heavy Monetary Penalty

NFRA through its order stated … Continue reading “NFRA’s Action | CA Debarred for 5 Years of Professional Service & Imposed a Heavy Monetary Penalty”

Blog, News, Account & Audit

June 28, 2023

Mere Resignation of an Auditor from Co. doesn’t Absolve him from his Responsibility to Report Suspected Fraud: NFRA

NFRA issues a circular covering … Continue reading “Mere Resignation of an Auditor from Co. doesn’t Absolve him from his Responsibility to Report Suspected Fraud: NFRA”