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Discover IBBI Circular No. IBBI/LIQ/74/2024 dated 28-06-2024 on voluntary liquidation processes under the Insolvency and Bankruptcy Code, streamlining compliance for Insolvency Professionals (IPs)....

Learn about transfer pricing, its importance, methods, documentation, penalties for non-compliance, and advanced pricing agreements in India....

SA 320 states that misstatements, including omissions, are considered to be material if they, individually or in the aggregate could reasonably be expected to influence the economic decisions of the users taken on the basis of the financial statements. The objective of the individual auditor is to obtain a reasonable assurance about wheth...

Discover a comprehensive FAQ on Ind AS 115, covering revenue recognition principles, key concepts, and implementation challenges. Gain insights into how this standard impacts financial statements....

Detailed Analysis of Differences Between Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). This comprehensive guide explores the key distinctions, rationale, and implications of each set of standards on financial reporting in India....

Understand Cost Audit applicability for 2024-25. Learn about non-compliance consequences and how to avoid show cause notices. Insights by CMA Navneet Kumar Jain....

Explore mandatory compliance under the LLP Act, 2008 for Register of Partners and Significant Beneficial Ownership (SBO), including forms and filing requirements....

Learn about SA 706 (Revised) and its guidelines on Emphasis of Matter and Other Matter paragraphs in auditor reports, enhancing clarity and transparency in auditing....

Understand AS 13 Accounting for Investments: Learn about investment types, properties, carrying amounts, reclassification, and essential financial disclosures....

Discover the complexities of treating goodwill under Ind AS, covering its recognition, measurement, impairment, and allocation principles. Learn with clear examples for better comprehension....