With policy reforms and Goods and Services tax (GST) becoming a reality very soon, India has bounced back and has ranked 2nd on the optimism index during the third quarter (July-September 2016) in the latest Grant Thornton International Business Report survey.
Preventive Vigilance is a management function to be exercised by all supervisory authorities for overall risk management in any organization. A supervisory officer cannot absolve himself from vicarious liability if the supervisor who has the right, ability or duty to control the activities of a subordinate does not take steps to prevent the acts of misdemeanor by the subordinate.
The seven shades of Indradhanush mission include appointments, board of bureau, capitalization, de-stressing PSBs, empowerment, framework of accountability and governance reforms.
Returns on equity for the last few months have been very unstable. Most of the financial advisors are endorsing their clients to go for balanced funds. Balanced funds are outstanding options for investment for investors having moderate risk appetite, as they could provide great returns for investors having restricted downside risks.
Exposure Draft of changes proposed in Ind AS 7, Statement of Cash Flows, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.
How should the terms ‘infrequent number of sales’ or ‘insignificant in value’ be interpreted and determined. Can indicative rebuttable thresholds be prescribed for sales that are more than insignificant in value?
List of Associations whose FCRA registration was valid till 31/10/2016 and have not applied renewal by 30/06/2016. Their validity of registration deemed expired from 01/11/2016.
The CVC has exhorted all Ministries/Departments / Organisations to encourage their customers/public and corporates /entities/ firms etc. to take Integrity Pledge.
To amend Section 42(4) of the Model GST Act in such a manner that the term ‘audit of accounts’ should be replaced with the words ‘compliance report’ and the GST Practitioner, Advocate, Cost Accountant, Company Secretary and Chartered Accountant be allowed to certify the said ‘compliance report’.
Rate of exchange of conversion of foreign currency WEF 04th November, 2016 notified vide Notification No.136/2016-Customs (N.T.)
