GAPs in GAAP – Accounting of Treasury Shares

Gaps in GAAP – Multiple Element Contract

GAPs in GAAP – Accounting for joint ventures Proportionate consolidation v. equity method

GAPs in GAAP — IFRS Convergence Roadmap

Finding the Sweet Spot

Gaps in GAAP – Reverse acquisitions

GAPs in GAAP – Accounting for SMEs

GAPs in GAAP – Accounting for amalgamation

Gaps in GAAP – Guidance Note on Accounting for Employee Share-based Payments

GAPs in GAAP – Accounting for carbon credits

GAPS in GAAP – Amalgamation after the Balance Sheet Date

GAPs in GAAP – AS-7 – Percentage of completion accounting based on an output measure

Gaps in GAAP – Compensated absences (such as annual leave) – Whether long-term or short-term under IAS 19s?

Gaps in GAAP – Accounting for MAT Credit

GAPs in GAAP – Accounting for rate-regulated entities

GAPS in GAAP – ED of Ind-AS 41 First-time Adoption of Indian Accounting Standards

Revised Schedule VI – Is it a step in the right direction ?

IFRS Conversion in India on Fast Track

GAPs in GAAP – Related-Party Transactions

Gaps in GAAP – Consolidation of Foreign Subsidiaries

GAPS in GAAP – Accounting Standards v. law of the land

ICAI’s announcement on accounting for derivatives – Practical issues and challenges

Business Combinations

GAPs in GAAP – Discount rate for employee benefits (Proposed amendments to IAS 19)

Fair Value or Fear Value?

GAPs in GAAP – Accounting for Agriculture

GAPs in GAAP – Are We Really Converging to IFRS ?

Business Combinations under IFRS

Straight-lining of Lease

Gaps in GAAP Amendment to AS-11

The issuance of IFRS standards in India

GAP in GAAP— Accounting of Tax Effects on Dividends Received from Foreign Subsidiary

SA 240 (Revised): A Practical Insight

GAP in GAAP— Fair Value of Revenue

GAP in GAAP – Accounting for Associates

GAPS in GAAP — Guidance Note on Accounting for Real Estate Transactions (Revised 2012) is in no-man’s land

GAP in GAAP— Acquisition of a Company with a Negative Net Worth

GAP in GAAP— Deferred Tax Liability (DTL) on Special Reserves

GAP in GAAP ESOP issued by parent to the employees of unlisted subsidiary

GAPs IN GAAP — Amortisation of Leasehold Improvements

Consolidated Financial Statements vs. Companies Bill

GAP in GAAP? Virtual Certainty vs. Convincing Evidence

Can email addresses constitute an Intangible Asset?

Gap in GaAp – Accounting for Demerger

GAPs in GAAP — Presentation of Comparatives under Ind-AS

GAPS in GAAP – Borrowing costs – PAra 4(e) of as 16

Accounting standards – GAPS in GAP

Has Indian GAAP Outlived its Utility?

Y. H. Malegam Report on MFI Sector — A summary

GAPs in GAP — Foreign Exchange Differences — Capitalisation/Amortisation

GAPS in GAAP — Account ing for Government Grant

GAP in GAAP Accounting for Dividend Distribution Tax

GAPS in GAAP Accounting for BOT contracts

GAPs in GAAP — Accounting for Rate Regulated Activities

GAPs in GAAP — FAQs on Revised Schedule VI

GAPS in GAAP — AS-16 Borrowing costs

Gaps in GAAP Change In Terms Of An Operating Lease Agreement

GAPs in GAAP — Amortisation Method for Intangibles

GAPs in GAAP — What is substantial period of time?

GAPs in GAAP Monetary v. Non-monetary Items

Gaps in GaAp – Presentation of Changes in Accounting Policies in Interim Periods

GAPS in GAAP — Accounting for an operating lease that containS contingent rentals

GAPS IN GAP — Acounting for eviction costs by lesors

Gap in Gap-Accounting for Expenditure on Corporate Social Responsibility

The Going Concern Conundrum – Should One Get Concerned About a Going Concern?

Gap in GaAp – Accounting for Demerger

Gaps in GaAp – Core Inventories

Gaps in GAAP

GapS in gaap ? Consolidated Financial Statements

Can email addresses constitute an Intangible Asset?

Contingent Pricing of Fixed Assets and Intangible Assets

Ind-AS Carve Outs – Straightlining of leases

Gaps in GAAP— Component accounting under Schedule II

Ind-AS Carve Outs

Accounting for cost of test runs

Ind -AS Carve Out – Recognition of bargain purchase gain and common control transactions

Audit materiality – a precision cast in stone or a subjective variable measure?

To Consolidate or not to Consolidate

Previous GAAP on first-time adoption of Ind AS

NEGATIVE REVENUE

GAPs in GAAP Contingent Consideration From Seller’s Perspective

Supplier’ Cred it – Whet her de bt or trade payable ?

Income Computation and Disclos URE Standards (ICDS) – No Tax Neutrality

GUIDANCE NOTE ON ACCOUNTING FOR DERIVATIVE CONTRACTS

IND AS – TOO MANY UNANSWERED QUESTIONS

Tax Consequences of Interest Payments on Perpetual Debt

Presentation of Excise Duty under Ind AS

Unabsorbed losses and depreciation – Difference in treatment

Accounting by Real Estate Companies

Presentation of Government Grant

Discounting of Retention money under Ind-AS

ACCOUNTING FOR COURT SCHEMES UNDER IND-AS & ON TRANSITION DATE

Treatment of Capital Expenditure on Assets Not Owned by the Company

GAPs in GAAP

Gaps in GAAP

GAPs in GAAP

GAPs in GAAP — Revenue — Gross vs. Net of Taxes

GapS in GAAP — Accounting for Jointly Controlled Entities that have Minority Interest

Accounting for MAT

DEEMED COST EXEMPTION ON FIXED ASSETS AND INTANGIBLES

Clarifications on Security Deposits And Key Management Personnel

Impact on Mat from First Time Adoption (FTA) Of Ind As

Deferred Tax under Ind AS On Exchange Differences Capitalised

What Will Constitute A Service Concession Arrangement?

Accounting For Loss of Control in Subsidiary

Impact of Ind AS on Demerger Transactions

Goodwill In Common Control Transactions Under Ind AS ­ Whether Capital Reserve Can Be Negative?

Business Combinations of Entities under Common Control

Questions on GST

IND AS ROAD MAP – CORPORATE vs. NBFC

Adjustment of Debenture Premium against Securities Premium in Ind AS

Can a Company have two functional currencies?

Impact on MAT from First Time Adoption (FTA) of Ind AS

Acquisition date v Appointed date

Integrated Reporting

Financial Statement Disclo sures — How Much is Too Much

Foreign judgment — Decision on merits would be conclusive — Hence enforceable in India — CPC, section 13(b).

Inherent powers of Court — Every procedure is permissible for a Court for doing justice unless express prohibited — CPC section 151.

Doctrine of merger — Precedent — Maintainability of review petition before High Court — When SLP dismissed by Apex Court against the main judgment of High Court — Constitution of India, Article 136.

Powers of Attorney — Right of audience before Court — Power of Attorney Act, 1882, section 2.

Scheme of Amalgamation — Sanction of Court — Companies Act, section 391(2), 394.

Adoption — Validity — Will proved by examination of attesting witness and scribe of Will — Hindu Adoption and Maintenance Act, section 6 and section 16, Succession Act section 63.

Evidence — Tape-recorded conversation — Admissible in evidence.

Legal representative — Not legally wedded wife — Right to apply for compensation — Civil Procedure Code, section 2(11).

Muslim Law — Properties purchased by female exclusively belongs to her and can be divided only between her children — No concept of jointness of nucleus.

Registration — Family settlement — Document reciting past events need not be registered — Registration Act, section 17(1) (b), 49.

Notification of the Companies (Indian Accounting Standards) Rules, 2015 and applicability of Indian Accounting Standards (IND AS)

IFRS : The ‘Balance Sheet Approach’ to Deferred Tax

REVISED REPORTING REQUIREMENTS FOR AUDIT OF FINANCIAL STATEMENTS

Reality Check in Implementing the Revised Schedule VI

FINDING FRAUDS IN FINANCIAL STATEMENTS — 10 COMANDMENTS FOR AUDITORS

Revised Schedule VI — An Analysis

IMPACT OF LAWS AND REGULATIONS DURING AN AUDIT OF FINANCIAL STATEMENTS

Understanding the business before understanding the audit

Convergence to Ind AS 16 – Property, Plant & Equipment

Ind AS: Functional Currency and Consequential Impact on Deferred Tax

Avoiding Common Errors in XBRL Financial Statements

AUDITOR’S DILEMMAS!

Hedge Accounting for Foreign Currency Firm Commitments under Indian GAAP

The Concept of Propriety’— Dynamics & Challenges for Auditors

XBRL Assurance

XBRL — FUTURE FINANCIAL LANGUAGE

Rehabilitation & Resettlement: Future Subsistence Cost

AUDITOR’S REPORTING TO THE AUDIT COMITES — A GLOBAL PERSPECTIVE

Role of an auditor in assessing fraud risks

Growing concerns with financial statement

OVERVIEW OF TRANSITION TO AND ADOPTION OF IND-AS

INTERNAL FINANCIAL CONTROLS – COMMON MISCONCEPTIONS

Capital Subsidies and Accounting

Accounting and ‘Brexit’ the World’s Most Complex Divorce

Artificial Intelligence Embracing Technology – New Age Audit Approach

Ind AS – Learings from Phase 1 Implementation – Tips for a Smooth implementation (Part 1)

Ind As – Learnings From Phase 1 Implementation Tips For A Smooth Implementation (Part 2)

Perspectives On Fair Value Under Ind As (Part 1)

Perspectives On Fair Value Under Ind As (Part 2)

EXPECTATIONS AND ESSENCE STATUTORY – INTERNAL – FORENSIC AUDITS

Expectations – Forensic Audit

Transitional Period for Rotation of Auditors

FRAUD : Investigation techniques and other aspects –Part 1

EXTERNAL AUTHORITY FOR DISCIPLINARY ACTION AGAINST AUDITORS

IMPLEMENTATION OF EXPECTED CREDIT LOSS MODEL FOR NON-BANKING FINANCIAL COMPANIES

AMENDMENTS IN FORM 3CD ANNEXED TO TAX AUDIT REPORT

ASSESSMENT OF BUSINESS MODEL FOR NON-BANKING FINANCIAL COMPANIES (NBFCs)

BANNING THE AUDITORS

DE-LAYERING RELATED PARTY TRANSACTIONS THROUGH INTERNAL AUDIT

KEY AUDIT MATTERS IN THE AUDITOR’S REPORT

RELATED PARTY TRANSACTIONS: LESSONS FROM CASE STUDIES

SETTING UP THE INTERNAL AUDIT FUNCTION

INTERNAL AUDIT ANALYTICS AND AI

GOVERNANCE & INTERNAL CONTROLS: THE TOUCHSTONE OF SUSTAINABLE BUSINESS – PART II

DATA-DRIVEN INTERNAL AUDIT – I

FINANCIAL REPORTING AND AUDITING CONSIDERATIONS ON ACCOUNT OF COVID-19

LEARNINGS FOR AUDIT FIRMS IN THE ERA OF PCAOB AND NFRA

GOVERNANCE & INTERNAL CONTROLS: THE TOUCHSTONE OF SUSTAINABLE BUSINESS – PART I

DATA-DRIVEN INTERNAL AUDIT – II PRACTICAL CASE STUDIES

FRAUD ANALYTICS IN INTERNAL AUDIT

PROVISIONING FOR EXPECTED CREDIT LOSSES FOR FINANCIAL INSTITUTIONS AND NBFCs POST-COVID-19

INTEGRATED REPORTING – A PARADIGM SHIFT IN REPORTING

VALUE ADDITION IN INTERNAL AUDIT

CARO 2020 – ENHANCED AUDITOR REPORTING REQUIREMENTS

FRAUD RISK MANAGEMENT IN INTERNAL AUDIT

THE LONG FORM AUDIT REPORT FOR BANKS GETS EVEN LONGER

GOING CONCERN ASSESSMENT BY MANAGEMENT

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS LOANS & ADVANCES, GUARANTEES & INVESTMENTS

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS INVENTORIES AND OTHER CURRENT ASSETS

COVID IMPACT ON INTERNAL CONTROLS OVER FINANCIAL REPORTING

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS DEPOSITS, LOANS AND BORROWINGS

AUDITOR’S EVALUATION OF GOING CONCERN ASSESSMENT

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS FRAUDS AND UNRECORDED TRANSACTIONS

ACCOUNTING TREATMENT OF CRYPTOCURRENCIES

NOCLAR (NON-COMPLIANCE WITH LAWS AND REGULATIONS) REPORTING

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS NON-BANKING FINANCE COMPANIES (NBFCs) [INCLUDING CORE INVESTMENT COMPANIES]

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS PROPERTY, PLANT AND EQUIPMENT & INTANGIBLE ASSETS

AUDIT: BUILDING PUBLIC TRUST

AUDITOR’S REPORTING – UNVEILING THE ULTIMATE BENEFICIARY OF FUNDING TRANSACTIONS

REVISITING AUDITING STANDARDS

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS REPORTING ON FINANCIAL POSITION

AUDIT QUALITY MATURITY MODEL – WHAT IS YOUR SCORE?

CARO 2020 SERIES: NEW CLAUSES AND MODIFICATIONS RESIGNATION OF STATUTORY AUDITORS AND CSR

INTERNAL CONTROL CONSIDERATIONS FOR UPCOMING AUDITS

AUDITOR’S REPORTING – GROUP AUDIT AND USING THE WORK OF OTHER AUDITORS

MATERIALITY WITH REFERENCE TO THE FINANCIAL STATEMENTS

CERTIFICATION ENGAGEMENTS

WHAT IS SPECIAL ABOUT SPECIAL PURPOSE FRAMEWORK? WHEN TO APPLY SA 700 VS. SA 800?

INTERPLAY OF SCHEDULE III AND CARO – KEY IMPLEMENTATION CHALLENGES FOR PREPARERS OF FINANCIAL STATEMENTS AND AUDITORS

VULNERABILITY ASSESSMENT : A TOOL FOR INTERNAL AUDIT

COMMON PITFALLS IDENTIFIED BY REGULATORS

How Well Rounded are Rules about Rounding off Numbers in Financials Statements?

Identification of Related Parties and Significance of Related Party Transactions

CARO 2020 – Tighter Controls Over NBFCs

Ind AS 20 and Typical Government Schemes in India – Part 1

Will Technology Replace Skilled Auditors?

Sustainability Reporting and Assurance

Ind AS 20 and Typical Government Schemes in India – Part II

Technology : The New Audit Team Member

How Certified Enterprise Risk Managers Can Make a Crucial Contribution to the Success of New Business Projects?

The Transformative Power of Artificial Intelligence (AI) In Audit

Guidance for Executing Audit of Small and Medium Enterprises by Small and Medium Practitioners

Other Information – Auditor’s Responsibility beyond Financial Statements

Audit Trail under the Companies Act, 2013

Internal Financial Controls over Financial Reporting (ICFR) and Reporting Considerations

Audit Documentation – The Evidence Of Audit

Applicability of Deferred Provisions in The Icai Code of Ethics- Fees, Tax Services, and Non-Compliance of Laws and Regulations

Watchdog – Whether Placed Under Statutory Watch!!

Restatement of Financial Statements — Auditor’s Considerations

Natural Hedging – A Practical Approach to Designation and Effectiveness

Sustainability Reporting and Opportunities for Practitioners

Private Affairs Impacting Public Interest Entities — A Sift Through a Recent SEBI Amendment

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

Tightening the Book-Keeping Requirements: Amendments to the Companies (Accounts) Rules, 2014

Key Amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Overview of NFRA Inspection Reports of 2023 on Audit Firms – I

Overview of NFRA Inspection Reports of 2023 on Audit Firms– II

Recycling Of Wastes – An Accounting Conundrum?

Limited Liability Partnerships — Relevant Auditing and Accounting Considerations

The Bookkeeping in Electronic Mode

Sustainability Reporting – Limited Assurance versus Reasonable Assurance

Is Surplus in Profit and Loss Account a Free Reserve?

Ind AS 117 – Insurance Contracts

Audit Trail Compliance in Accounting Software

Substantive Analytical Procedures: Relevance and Efficacy in an Audit

SA 330 – The Auditor’s Responses to Assessed Risks

GAP in GAAP Accounting for Warranty Obligations

External Confirmations – Proving Existence with External Evidence?

SA 560 (Revised) – Subsequent Events – Hindsight Better Than Foresight?

Auditing Opening Balances – How Far Should an Auditor Go?

SA 540 Accounting Estimates

Related Party Transactions – A Potential for Abuse?

Is an auditor expected to be omniscient?

Auditing outsourced services – Auditors’ predicament

An auditor’s expert – a mere specialist or a Man Friday?

Audit materiality – a precision cast in stone or a subjective variable measure….continued

Audit Documentation – a relevant defense or mere record keeping

Is internal audit function relevant in a financial statement audit?

SA 250: Consideration of Laws and Regulations in an Audit of Financial Statements

AUDITORS’ REPORT – BCAJ SURVEY OF AUDITORS, USERS AND PREPARERS

Acounting of Foreign Currency Fluctuations

Financial Reporting Dossier

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

Financial Reporting Dossier

Financial Reporting Dossier

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

FINANCIAL REPORTING DOSSIER

Financial Reporting Dossier

Financial Reporting Dossier

Financial Reporting Dossier

Financial Reporting Dossier

Financial Reporting Dossier

Section A : Treatment of Foreign Exchange Fluctuations as per AS-11 — ‘The Effects of Changes in Foreign Exchange Rates’ issued under the Companies Acounting Standards) Rules, 2006

Revision of Financial Statements

Format and disclosures for financial statements prepared using IFRS

Section A : Disclosures in Unaudited Quarterly Results regarding treatment of foreign exchange fluctuations for the period/quarter ended 31-12-2008

Abbott India Ltd. — (30-11-2007)

S & S Power Switchgear Ltd.

MRF LTD. — (30-9-2007)

HINDUSTAN UNILEVER LTD.

Honeywell Automation India Ltd. — (31-12-2007)

FULFORD (INDIA) LTD. — (31-12-2007)

ACC LTD. — (31-12-2007)

Exploration, Development & Production Costs

Accounting for Oil and Gas Activity

Oil and gas assets

Oil and gas exploration and development costs

Joint ventures for oil and gas fields

Section A : Illustration of accounts and audit report of a company based in United States where the assumption of Going Concern is questioned

Manner of Disclosure of Accounting Policies

Section A : Treatment of Profit/loss on Derivative Transactions

Disclosure of Accounting Policies by Professional Bodies

Extracts from Certificate on Corporate Governance

Section B : Assurance Statement for Sustainability Reporting : Infosys Technologies Ltd.

Disclosures regarding provisions for liabilities (as per AS-29)

Illustration of an audit report containing large number of qualifications : Mahanagar Telephone Nigam Limited (31-3-2009)

Disclosures regarding Amalgamation

Section A : Notes regarding Revenue Recognition Disputed Interest income 59

Section A : Audit Report containing Qualifications on Going Concern, etc.

Section C : Withdrawal of Audit Report issued earlier : Satyam Computer Services Ltd.

Opinion of Expert Advisory Committee of ICAI not followed regarding treatment of dredger spares

Opinion of Expert Advisory Committee of ICAI not followed regarding revenue recognition

Disclosure regarding Foreign Currency Convertible Bonds (FCCBs) and premium on redemption of FCCB

SKS Microfinance Ltd. (31-3-2010)

TRF Ltd. (31-3-2010)

Qualifications in certificate on corporate governance

Straight-lining of lease rent pursuant to clarification by EAC of ICAI

Scheme of arrangement for transfer of amalgamation reserve to restructuring reserve and one-time restructuring costs adjusted

Disclosures regarding Premium payable on redemption of FCCB

Transactions covered u/s 297 of the Companies Act, 1956

Toolings classified as Inventories (pending receipt of opinion from EAC of ICAI)

Scheme of arrangement with High Court approvals

Additional non statutory disclosures in Annual Reports

Tata Consulting Services Ltd.

Reliance Petroleum Ltd.

Wipro Ltd.

Infosys Technologies Ltd.

Full adoption of Accounting Standard 30 Strides Arcolab Ltd. (31-12-2008)

Thomas Cook (India) Ltd. (31-12-2009)

Kingfisher Airlines Ltd. (31-3-2010)

Godrej Consumer Products Ltd. (31-3-2010)

Pantaloon Retail (India) Limited (30-6-2010)

Section A: AS 29: Disclosures regarding provision for potential civil and criminal liability

Section A : Accountin g Treatment for Share Issue and IPO-related expenses

Section B : Miscellaneous

Section A: Illustration of an audit report giving ‘Disclaimer of Opinion’

Revision pursuant to merger

Revision for dividend declaration

Section A: Financial Statements of an NGO

Section A: Revision of Financial Statements since 31st March 2009 pursuant to approval obtained from the Ministry of Corporate Affairs (MCA)

Jet Airways (India) Ltd. (31-3-2010)

Siemens Ltd. (30-9-2010)

Tata Motors Ltd. (31-3-2010)

Section B: I. Scheme of amalgamation accounted as per Purchase Method Nagarjuna Fertilizers and Chemicals Ltd (31-3-2012)

Oberoi Realty Ltd (31-3-2012)

Bajaj Electricals Ltd (31-3-2012)

GRASIM Industries Ltd (31-3-2012)

Hindustan Unilever Ltd (31-3-2012)

Mahindra & Mahindra Financial Services Ltd (31-3-2012)

Larsen & Toubro Ltd (31-3-2012)

Chemplast Sanmar Ltd. (31-3-2011)

Navin Fluorine International Ltd. (31-3-2011)

Gujarat Fluorochemicals Ltd. (31-3-2011)

Deepak Fertilisers & Petrochemical Corporation Ltd. (31-3-2011)

Power Finance Corporation Ltd. (31-3-2011)

Section A : Disclosure in Notes to Accounts under Revised Schedule VI for Long Term Borowings and details thereof

Disclosure regarding support/comfort letters given for subsidiaries.

Issues arising on migration to an ERP software.

Non-availability of information from foreign branches

NTPC Ltd. (31-3-2011)

NHPC Ltd. (31-3-2011)

Ultratech Cement Ltd. (31-3-2011)

Tata Steel Ltd. (31-3-2011)

ACC Ltd. (31-12-2010)

Ambuja Cement Ltd. (31-12-2010)

Bharat Petroleum Corporation Ltd. (31-3-2011)

Indian Oil Corporation Ltd. (31-3-2011)

Bharat Heavy Electricals Ltd. (31-3-2011)

Section A : Audit Report isued under SA 700 (Revised ), SA 705 and SA 706

Independent assurance statement

Ambuja Cements Ltd. (31-12-2010)

MARICO Ltd. (31-3-2010) (Consolidated Financial Statements)

Ramco Industries Ltd. (31-3-2010)

Tata Communications Ltd. (31-3-2010)

Asian Paints (India) Ltd. (31-3-2010)

Ranbaxy Laboratories Ltd. (31-12-2010)

Macmillan Publishers India Ltd. (31-12-2010)

The Paper Products Ltd. (31-12-2010)

Disclosures regarding Hybrid Perpetual Securities.

Qualifications in Corporate Governance Report

Qualification regarding overdue amounts from Customers

Section A: Disclosures Under Revised Schedule VI

Tata Steel Ltd. — (31-3-2011)

Tata Consultancy Services Ltd. — (31-3-2011)

Infosys Limited (quarter ended 30th June 2011)

Consolidated Financial Statements presented in accordance with International Financial Reporting Standards (IFRS) (as permitted by SEBI)

Section A: Disclosure as per section 186(4) of the Companies Act , 2013

Re-adoption of financial statements to give effect to scheme of arrangement

Effect given for amalgamation of another large company and integration of accounting policies for accounting of derivative instruments

SECTION B: REVISED AS 10 ‘PROPERTY, PLANT & EQUIPMENT’ APPLICABLE FROM ACCOUNTING YEARS COMMENCING FROM 1ST APRIL 2016 ONWARDS FOLLOWED IN FY 2015-16

Section A: Adverse Conclusion on Interim Ind AS Results

Disclosures in Standalone Ind As Financial Statements For The Year Ended 31st March 2017 Regarding Current Tax And Reconciliation Of Tax Expense

KEY AUDIT MATTERS IN AUDIT REPORT – RELATED PARTY TRANSACTIONS

REVENUE RECOGNITION FOR COMPANIES OPERATING IN E-COMMERCE, GAMING AND FINTECH SECTORS

IMPLEMENTATION OF Ind AS 116 ‘LEASES’ USING FULL RETROSPECTIVE APPROACH

INDEPENDENT REPORT FOR SUSTAINABILITY DISCLOSURES

QUALIFIED OPINION – IMPAIRMENT TESTING NOT CARRIED OUT FOR INVESTMENT IN A MATERIAL SUBSIDIARY

DISCLOSURES ON CORPORATE SOCIAL RESPONSIBILITY (CSR) AND RATIOS AS PER THE REQUIREMENTS OF DIVISION II OF SCHEDULE III TO THE COMPANIES ACT, 2013 (APPLICABLE FROM F.Y. 2021-22)

Auditor’s Report and Related Disclosures in Financial Statements For a Non-Banking Financial Company under an Administrator

Qualified Auditor’s Report for an NBFC on Account of Control Deficiencies in Certain Loan Segments

Limited Review Report for Company under CIRP and Whose Resolution Plan Was Accepted by NCLT

Disclosures Regarding Business Restructuring including Merger/Demerger and Discontinuing Operations for Y.E. 31st March, 2022

Disclosures in Financial Statements Regarding Impairment of Goodwill

Qualification in A Limited Review Report Regarding Non-Compliance of Ind As 115 (Revenue From Contracts With Customers)

Qualifications Regarding Constraints and Limitations Highlighted By the Forensic Auditor Appointed Due To Resignation of Independent Directors

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Section B : Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Exploration and Development Costs

Exploration and development costs

Miscellaneous

Section B : Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

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Consolidation – redefining control and reflecting true net worth Part-2

Practical Insights into Accounting for change in Ownership Interest in a Subsidiary under IND AS

IFRS — Closer to economic substance of the transaction

IFRS reconstructs the accounting for Public Private Partnerships (‘PPP’)

IFRS 9: Financial Instruments: The new “Avatar”

IFRS – Is it a smooth drive for auto companies?

IFRS 8 : Operating Segments

Impact of IFRS on the telecom sector : Dialling a new reporting framework

IFRS impact on fixed assets — More than just a change in name

IFRS and Indirect Taxes : Need for Dual Reporting !

Business Combinations (IFRS 3) — Accounting to reflect the economic substance

Taxing times — IFRS and Taxation

Revenue recognition principles under IFRS for Real Estate Industry

The Countdown to Ind-AS — careful evaluation of policy choices

Financial Instruments — Indian corporates need to gear up for significant changes in the accounting landscape

Embedded leases : The scope under IFRS is much wider (IFRIC 4)

Financial instruments : Disclosures — Practical application and challenges

Comparison of IFRS Exposure Draft on Insurance Contracts and Insurance Accounting in India

Framework to IFRS : The foundation to financial accounting concepts

Consolidation — redefining control and reflecting true net worth

Impact of IFRS on the real estate sector : Developing a new reporting framework

Convergence with International Financial Reporting Standards (‘IFRS’) — Impact on fundamental accounting practices and regulatory framework in India

How will convergence with IFRS affect audit procedures ?

Companies Act, 1956 and IFRS Convergence — An overview

Should Gains be Recognised due to ‘Own’ Credit Deterioration

IFRS Conceptual Framework – Time to Revise

Proposed Accounting for Leases – Will it Impact Business Operating Models?

Ind AS 40 – Investment Property

Day one fair valuation of financial instruments

IFRS Exposure Draft on Leases – Sectoral Impact

Determination of Control- Now a Critical Judgement Area under IFRS

Tax Accounting Standards: A new way of computing taxable income

Related parties under Ind AS: Enhanced scope and disclosure requirements

Ind AS 105 – Non-current assets held for sale and Discontinued Operations

Ind AS 102 – Share Based Payments

Ind-AS impact on retail industry and summary of the carve-outs

Hedge accounting in a volatile environment

Accounting for fair value hedge s and hedge s of net in vestment in foreign operations

Debt v. Equity — Case studies

Property, Plant and Equipment – Changes under Ind AS

Tax Accounting Standards: A New Framework for Computing Taxable Income

Changes in ownership — Approach under Ind AS

Deferre d taxes an d effec tive tax ra te reconcilia tion — Approach under Ind AS

Revenue Recognition by Real Estate Developers — An Important carve-out in Ind-AS

Revenue Recognition

Introduction to the New Revenue Recognition Standard Issued by IASB

Need for optimal choice of accounting policies under Ind-AS

Carve-outs Under IND-AS

IFRS introduces a single control model for asesing control over investes

IFRS introduces framework for measuring fair values

Joint Ventures: No more proportionate consolidation under IFRS

Redefining the framework for taxation under Ind AS

Practical insights into accounting for certain revenue arrangements

Ind AS 115 – Revenue From Contracts With Customers

Impact of Ind AS 115 on Real Estate Companies

ICDS – Post Delhi High Court Decision

Voluntary Revision Of The Financial Statements

Accounting For Uncertainty Over Income Tax Treatments

Ind AS 115 – Revenue From Contracts With Customers

CONSOLIDATION OF CSR TRUSTS UNDER Ind AS

USEFUL LIFE UNDER IND AS 16 PROPERTY, PLANT AND EQUIPMENT AND LEASE TERM UNDER IND AS 116 LEASES

Percentage Of Completion Method (POCM) Illustration For Real Estate Companies Under Ind AS 115 & Comparison With Guidance Note (GN)

DIFFERENCES BETWEEN IFRS & Ind AS

KEY DIFFERENCES BETWEEN IND AS 116 AND CURRENT IND AS

WHAT’S IN A NAME? PREFERENCE SHARE VS. FCCB

Ind AS vs. ICDS Differences

ACCOUNTING OF FINANCIAL GUARANTEES

ACCOUNTING OF DIVIDEND DISTRIBUTION TAX

LESSEE’S LEASE OBLIGATION – BORROWINGS VS. FINANCIAL LIABILITY

Ind AS ACCOUNTING IMPLICATIONS FROM SUPREME COURT RULING ON PROVIDENT FUND

IMPACT OF ORDINANCE DATED 20th SEPTEMBER, 2019

DETERMINING THE LEASE TERM FOR CANCELLABLE LEASES

UNINSTALLED MATERIALS AND IMPACT ON REVENUE RECOGNITION

DEMERGER TRANSACTION UNDER Ind AS

DETERMINING INCREMENTAL BORROWING RATE UNDER Ind AS 116

ACCOUNTING OF E-WASTE OBLIGATION

ACCOUNTING FOR CRYPTOCURRENCY

PRACTICAL GUIDANCE – DETERMINATION OF LEASE TERM FOR LESSEE

COVID-19 AND PRESENTATION OF ‘EXCEPTIONAL ITEMS’

ACCOUNTING FOR OWN EMPLOYEE TRAINING COSTS INCURRED ON CUSTOMER CONTRACTS

ACCOUNTING RELIEF FOR RENT CONCESSIONS ON LEASES

REVERSE FACTORING OR SUPPLIER FINANCING

UNCERTAINTY OVER INCOME TAX TREATMENTS

COVID AND FAIR VALUE MEASUREMENT

DISCONTINUED OPERATIONS

DEFINITION OF A BUSINESS (AMENDMENTS TO Ind AS 103)

PRACTICAL GUIDANCE ON SIGNIFICANT INFLUENCE

HOW AND FOR WHAT PURPOSE?

ACCOUNTING FOR CROSS HOLDING

EVALUATING AN AGREEMENT – LEASE VS. IN-SUBSTANCE PURCHASE

CURRENT VS. NON-CURRENT CLASSIFICATION WHEN LOAN IS RESCHEDULED OR REFINANCED

GROSS VS. NET REVENUE RECOGNITION

FAQs ON AMENDED SCHEDULE III-DIVISION II RELATED TO ‘APPLICABILITY’

EQUIPMENT INSTALLED AT CUSTOMER PREMISES – WHETHER LEASE OR NOT?

ACCOUNTING BY HOLDERS OF CRYPTO ASSETS

DEFERRED TAX LIABILITY ON GOODWILL DUE TO AMENDMENT IN FINANCE ACT, 2021

CSR – WHETHER A DAY 1 OBLIGATION?

REVENUE ADJUSTMENT ON ACCOUNT OF TRANSFER PRICING

ACCOUNTING OF COMPLEX CONVERTIBLE BONDS WITH A CALL OPTION

SHARE ISSUE COSTS Vs. SHARE LISTING EXPENSES

ACCOUNTING FOR SPONSORSHIP ARRANGEMENTS

HOW PREVALENT IS THE CONCEPT OF DE FACTO CONTROL?

ASSET ACQUISITIONS AND DEFERRED TAXES

NON-GAAP PRESENTATION OF OPERATING SEGMENTS

AUDITORS’ RESPONSIBILITY WHEN APPOINTED DATE IS NOT AS PER IND AS STANDARDS

ACCOUNTING OF WARRANTS ISSUED BY SUBSIDIARY TO PARENT

SALE OF A STAKE IN A SUBSIDIARY BY A PARENT WITHOUT LOSS OF CONTROL

Accounting of Production-Linked Incentives (PLI)

Onerous Contracts – Amendments to Ind AS 37

Impact of Shareholders’ Rights on Classification of Financial Instruments

Modification of Trade Receivables

Enabling Assets

Whether Provision Is Required For Net Zero Commitment

Identification of Related Party Relationships

Equity Vs. Financial Liability

Accounting of Pre-IPO Instruments

Accounting of a Demerger Scheme that is Not a Common Control Transaction

Ind AS/IGAAP – Interpretation and Practical Application

Audit Trail – Key Considerations for Auditors and Companies

Split Accounting – How Is A Convertible Instrument Accounted For?

Accounting of Export Incentives

COMMON CONTROL TRANSACTIONS

COMMON CONTROL TRANSACTIONS

Borrowing Costs

Purchase-As-Produced Contracts – Whether Derivative or Not?

Streaming Arrangements

Can Negative Revenue Be Reclassified to Expense?

Accounting Of Losses in an Associate

Ind AS/IGAAP — Interpretation and Practical Application

Adjustment of Knock-On Errors

Ind AS 2023 Amendments

Amendment to Ind AS 12 – Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction

Ind AS 2023 Amendments – Ind AS 1 Presentation of Financial Statements

Date of Capitalisation of Property, Plant and Equipment

Contingent Features and SPPI Test

Accounting for Coaching Fees

Segment Disclosures under Ind AS 108

Computer-Assisted Audit Tools (CAATs) — Use of CAATs for Ope rational Rev iew of Plant Maintenance

Valuation — Market Approach

Tax Due Diligence — Indirect Taxes

Purchase Price Allocation (PPA)

Net Assets Method of Valuation

Discounted Cash Flow

LEGAL DUE DILIGENCE IN M&A TRANSACTION

Financial and Accounting Due Diligence — Some Aspects

Valuation of intangible assets

Tax Due Diligence — Direct Taxation

NFRA Digest

NFRA DIGEST

NFRA Digest

CHANGING RISK LANDSCAPE FOR AUDIT PROFESSION, WITH SPECIAL EMPHASIS ON NFRA AND OTHER RECENT DEVELOPMENTS

Comments on Exposure Draft – Guidance Note on Accounting for Service Concession Arrangements by Concessionaires

Statutory Audit – BCAJ Survey on Perspectives on NFRA Consultation Paper

PANEL DISCUSSION ON UTILITY OF FINANCIAL STATEMENTS AND RELEVANCE OF AUDIT AT THE 10TH Ind AS RSC

India Knows Where To Go, And Takes Everyone Along

BCAS — VOLUNTEERING — MAKING A DIFFERENCE

Past Editors’ Musings BCAS — Volunteering — Making a Difference

BCAS – Volunteering – Making a Difference

BCAS – Volunteering – Making a Difference

R७IMA५INE – 75TH YEAR CELEBRATION