Category: Accounting
Government accounting in India follows cash basis of accounting. Government Accounting Standards Advisory Board (GASAB) constituted by the Comptroller and Auditor General of India with support of Government of …
For the benefit of Members and other stakeholders, the ICAI has published a revised checklist on the disclosure requirements prescribed by accounting standards (AS) 1 to 29 (October 2022 …
ICAI has issued a Technical Guide on ‘Financial Statements of Limited Liability Partnerships (LLPs)’ for the guidance of Members/other Stakeholders for compliance with applicable accounting standards and financial reporting …
The ICAI has issued an updated publication titled “Indian Accounting Standards (Ind AS): Disclosures Checklist (2022 Edition),” which includes approximately 3000 disclosures for companies preparing Ind AS-based financial statements …
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
ICAI has released e-version of Compendium of Indian Accounting Standards (IND AS) 2021-22 Edition, comprising of Volume 1 & Volume 2. It may be noted that IND AS recommended …
The ICAI’s Guidance Notes on Accounting/ Auditing Aspects are intended to provide members with guidance on matters that may arise in the course of their professional work and on …
ICAI has issued a Technical Guide on ‘Financial Statements of Non-Corporate Entities (NCEs)’ to ensure consistent and effective application of the accounting standards for strengthening and standardising the financial …
MCA has notified the Companies (Accounts) Second Amendment Rules, 2022 to further defer the date of applicability for the requirement relating to Audit Trail feature in the Accounting Software …
The “Companies Indian Accounting Standards Rules 2015,” or the convergent Indian Accounting Standards (nd AS), have been notified by MCA. Additionally, MCA has included information in the Annexure at …
