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Financial Reporting

Auditing Disclosures in Financial Statements

Audit Disclosure

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

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Digital Transformation

How Does Digital Transformation Affect Manufacturing Co...

Digital Transformation

The digital transformation began only a decade ago. It has entered all business sectors. A few companies have begun their process of digital transformation...

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Due Diligence

What is a Due Diligence Report of a Company?

Due Diligence Report

Due Diligence is a process of risk assessment and analysis of an impending business transaction. The findings of the process are summarized in a report kno...

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Finance & Accounting

Accounting Treatment of Government Grants as per AS 12...

Accounting Treatment

A venture's receipt of government grants is crucial for the preparation of financial statements for two reasons. First, an appropriate accounting strategy...

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Due Diligence

Understanding the difference between Audit and Financia...

Audit and Financial Due Diligence

An audit's purpose is to ensure that management has presented a true and fair picture of a company's financial performance and position. Whereas financial...

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Finance & Accounting

Set Off and Carry Forward of Losses

Set Off and Carry Forward of Losses

Profit and loss are two sides of a coin. However, incurring losses can be demoralizing for the business, but the Indian Income-tax law does provide taxpaye...

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Finance & Accounting

Debt Collection: An Analysis

Debt Collection: An Analysis

Businesses often face a financial crunch due to delayed payments by their customers and the inability of the businesses to collect those payments and other...

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Due Diligence

Carrying Out Financial Due Diligence: Process, Scope &#...

Carrying Out Financial Due Diligence: Process, Scope & Limitations

Financial due diligence is an important step for a business. Businesses need to engage in the process of mergers and acquisitions actively; therefore, the...

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