FAIS 250 on Communication with Stakeholders expects the Professional to appreciate the need for a clear, continuous, two-way communication with several stakeholders at various stages of the Forensic Accounting and Investigation (FAI) engagement
FAIS 240 on Engaging with Agencies expects the Professional to understand the responsibilities which apply when asked to engage with the agencies and how to apply these in a Forensic Accounting and Investigation (FAI) engagement
FAIS 130 on Laws and Regulations deals with the responsibility of the Professional to understand the provisions of laws and regulations and how these apply to Forensic Accounting and Investigation (FAI) engagements.
Explore the case of Comsat Systems Pvt. Ltd. seeking an advance ruling on the place of supply for antenna services. AAR’s rejection highlights GST framework limitations.
NaBFID is regulated by RBI as an All India Financial Institution and its role in developing bonds and derivatives markets for infrastructure financing.
Guidance Note For Forensic Accounting And Investigation Standard No. 110 On Nature Of Engagement outlines the manner in which the Professional obtains clarity on the nature and purpose of the Forensic Accounting and Investigation (FAI) engagement for the purpose of implementing the Standard. Digital Accounting Assurance Board The Institute of Chartered Accountants of India 1st […]
Central Bureau of Investigation (CBI) has secured a conviction in a disproportionate assets case, sentencing former Deputy Commissioner, Shri P.R. Vijayan, and four of his family members to two years of rigorous imprisonment. The accused were found guilty of amassing assets worth Rs. 79,93,859/- during the period from July 2003 to July 2005, exceeding their […]
Bad debts Adjustment against previously created provisions constitutes actual writing off of bad debts in books of accounts & Allowable
EPFO issued a circular emphasizing the adherence to timelines for scrutinizing applications for validation of joint options.
The penalty was levied for the non-disclosure of a life insurance policy held outside India in the income tax return. The ITAT ruled that the non-disclosure was a bonafide mistake and that the policy had been surrendered in the previous financial year.
