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Apr 28, 2024
The FAQs on Audit Trial - Part - II
Part II- FAQ's 39 to 80 FAQ 39. Would the above responsibilities of Management under Proviso to Rule 3(1) [FAQ 34 above] apply if the Company outsources the maintenance of its books of account to a service organisation and service organisation uses an accounting software to maintain company's books ... -
Apr 28, 2024
The FAQs on Audit Trial - Part - I
The FAQs on requirement on auditor to report on audit trial in the audit report of a company, under Rule 11(g) of the the Companies (Audit and Auditors) Rules, 2014, are arranged as under in 80 possible FAQ's in two parts: Part I- FAQ's 01 to 39 S. No. Particulars Reference ... -
May 25, 2020
IND AS 24 Related Party Disclosures
IND AS 24 shall be applied in: Identifying related party relationships and transactions; Identifying outstanding balances, including commitments, between an entity and its related parties; identifying the circumstances in which disclosure of the items above is required; and Dete ... -
May 24, 2020
Financial Reporting & Auditing considerations on account of Covid-19
Due to increased economic uncertainty it may have major financial reporting consequences like on Supply chains, distribution chains, cash-flows, demand, price variations, facility access, workforce availability, debt obligations, contract cancellations, are experiencing turbulence. The role of prepa ... -
May 11, 2020
Communication with the retiring Auditor through Email
The existing Code of Ethics, 2009 issued by the ICAI, provides, under commentary to Clause (8) of Part-I of First Schedule to The Chartered Accountants Act, 1949 as under “Members should therefore communicate with a retiring auditor in such a manner as to retain in their hands positive eviden ...
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