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Financial Reporting

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Mar 21 2023

Guidance on Electronic Filing of Financial Statement Au...

A company's statements must be filed with the registrar along with Form AOC-4 annually for each Financial Year, which means the period ends on the 31st day...

Mar 01 2023

What Is an Audited Financial Statement? Who Needs It?...

There are a number of regulations and compliances which are required by the organization to comply with. One such compliance is to get the financial statem...

Feb 20 2023

Basic Concepts of Financial Statement Audit

Financial Statements Audit simply means the examination, inspection, or review of an entity's financial statements[1]. The process of financial statement a...

Feb 20 2023

Auditing Disclosures in Financial Statements

The issues of auditing disclosures have been recently considered by the International Auditing and Assurance Standards Board (IAASB)[1]. Various factors su...

Nov 16 2022

NFRA’s Interpretation on SA 230 – Audit Documen...

Standard of auditing 230 refers to the auditor's purpose in constructing documentation of audit, which gives an adequate and relevant record of the basis f...

Nov 11 2022

Overview: Financial Reporting and Analysis

While people may know that a financial reporting and analysis process is important, maybe people understand its undeveloped power and potential. Financial...

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Jul 22 2022

Different Types of Financial Reports That a Business Ne...

There are several types of financial reports that provide an insight into the past, present and future financial status of your business. Every business ow...

Jul 19 2022

What are the Key Objectives of Financial Reporting of a...

Every company has multiple departments having different functions for handling and achieving organisational goals. All the departments have their specific...

Jul 05 2022

Interim Financial Reporting: Advantages and Disadvantag...

Interim Financial Reporting is a detailed financial report prepared by a company for measuring and evaluating the firm’s progress on a less than annual b...

May 31 2022

IFRS Standards

International Financial Reporting Standard lists are the guiding rules set for maintaining records and financial affairs of a business entity. IRFS Standar...

Apr 13 2022

Need of convergence of IAS with IFRS

Introduction Every nation follows its own set of policies and standards for accounting. However, because of globalization in the previous few decades when...

Mar 02 2022

Important Financial Deadlines you can’t afford to mis...

If you are a taxpayer or an investor, then there are various deadlines that you cannot afford to miss. These deadlines range from filing belated income tax...

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