Finance & Accounting

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Finance & Accounting

Applicability of Accounting standards on Mergers &...

Applicability of Accounting standards on Mergers & Acquisitions - Ind AS 103 and AS 14

There is no uniform accounting standard that governs accounting procedures and disclosures in situations where one business gains control of another. The a...

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Finance & Accounting

Upcoming Future of Financial Services: An Overview

Upcoming Future of Financial Services

The pandemic accelerated the process of digitization and digital engagement of the financial services which was already gaining its ground at a gradual pac...

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Finance & Accounting Startup

Common errors in Ind AS financial statements – Ob...

Observations by FRRB

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is established as a proactive tool to enhance financi...

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Finance & Accounting

Impact of New Companies (Accounting Standards) Rules, 2...

Impact of New Companies (Accounting Standards) Rules, 2021 issued by MCA

The Companies (Accounting Standards) Rules, 2021 were published on June 23rd, 2021 by the Ministry of Corporate Affairs under the Companies Act, 2013. Such...

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CFO Service Financial Reporting

NFRA draws Conclusion on Enhanced Stakeholders Engageme...

NFRA draws conclusion on enhanced stakeholders engagement

The National Financial Reporting Authority (NFRA), the audit authority, has issued conclusions based on comments received on the consultation paper on incr...

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CFO Service Financial Reporting

Fraudulent Financial Reporting & Misapp. of Assets...

Fraudulent Financial Reporting & Misapp. of Assets: Auditor’s Responsibility

Fraud can be of 2 types- fraudulent financial reporting and misappropriation of assets. You may have also heard of the term fraud risk factors, which means...

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Finance & Accounting

What is an Integrated Supply Chain?

What is an Integrated Supply Chain?

Integrated supply chain means a process where, from procurement of raw materials to production, quality control to packaging, distribution or supply to fin...

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Financial Reporting

Financial Reporting Disclosures & Global Ethical S...

Financial Reporting Disclosures & Global Ethical Standards: Auditor’s Role

Financial reporting includes various disclosure of financial information to the stakeholders regarding the financial performance and organizations’ finan...

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