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CPE Hours Requirements Applicable From 2023 Onwards

  07 Apr 2023   1 comment
Understand the updated CPE hours requirements for Chartered Accountants from 2023 onwards. Check eligibility, exemptions, and steps to ensure compliance. Stay informed with the latest regulations....
Posted Under: CA, CS, CMA |

Understanding IND AS 7: Cash Flow Statements

  06 Apr 2023   0 comment
IND AS 7, or the Indian Accounting Standard 7, is a financial reporting standard that outlines the requirements for preparing and presenting cash flow statements. It is applicable to all entities that are required to comply with IND AS and provides guidance on the presentation of information about an entity's cash receipts and payments du...
Posted Under: CA, CS, CMA |

Promising Future of Green Hydrogen: How it is Poised to Revolutionize Energy & Industry

  06 Apr 2023   0 comment
Discover the promising future of green hydrogen and how it is set to revolutionize energy and industry. Learn about its production, potential uses in transportation, energy storage, power generation, industry, and heating. Explore the clean, renewable, and versatile features that make green hydrogen a key player in the transition to a low...
Posted Under: CA, CS, CMA |

New Accounting Rule Requires Audit Trail in Company Software from April 2023

  06 Apr 2023   0 comment
Understand the new Companies (Accounting) Rules, 2014 amendment effective from April 2023, mandating the use of accounting software with an audit trail feature. Explore implications, compliance requirements, and the role of statutory auditors. Ensure your company's adherence to the latest legal provisions....
Posted Under: CA, CS, CMA |

Why is it important for Chartered Accountants to know about Crypto, and how can that help them expand their business?

  06 Apr 2023   0 comment
Chartered accountants knowledgeable in crypto industry can provide valuable guidance and support to their clients in navigating complex and rapidly changing market for digital assets....
Posted Under: CA, CS, CMA |

EY Ban: A Wake-Up Call for Auditors Everywhere

  06 Apr 2023   0 comment
EY ban in Germany has sent shockwaves through auditing profession, with EY facing a two-year ban from taking on audits of new public interest entities as a result of its failures as auditor of Wirecard....

FAQ on IND AS 1

  05 Apr 2023   0 comment
Q.1 What is IND AS 1? Ans. IND AS 1 is the Indian Accounting Standard that sets out the rules for presentation of financial statements. Q.2 Who is required to comply with IND AS 1? Ans. Companies in India that are listed on the stock exchange, as well as unlisted companies with a net worth of Rs. […]...
Posted Under: CA, CS, CMA |

Understanding IND AS 1 – Presentation of Financial Statements

  05 Apr 2023   0 comment
One of the key standards is IND AS 1 - Presentation of Financial Statements. This standard sets out the principles and requirements for the presentation of financial statements, which are the primary means of communicating financial information to users....
Posted Under: CA, CS, CMA |

Understanding IND AS 2: Inventory Valuation

  04 Apr 2023   0 comment
Introduction to IND AS 2 IND AS 2 is a financial reporting standard that deals with the valuation and presentation of inventory in a company's financial statements. This standard applies to all entities that prepare their financial statements in accordance with the Indian Accounting Standards (Ind AS)....
Posted Under: CA, CS, CMA |

Audit Planning: Comprehensive Study (ISA 300)

  03 Apr 2023   0 comment
Explore the comprehensive study of Audit Planning under ISA 300. Understand the importance of preliminary planning activities, development of audit strategy and plan, changes during the audit, and the role of direction, supervision, and review. Learn about documentation requirements and the special considerations for initial audit engagem...
Posted Under: CA, CS, CMA |

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