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#TaxmannUpdates #Accounting #IndAS #AccountingTreatment #FinancialStatement
Get 'analytically' updated on everything Accounts & Audit by reading today's newsletter
Drafted by Taxmann's Editorial Team
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π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
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Accounts and Audit Daily
Dear Reader, Todayβs newsletter analytically summarizes the top stories reported at taxmann.com.
#Accounting #Update
Consequences of detection of fraud after reporting date
Read the Full Document: https://taxmann.social/IuOIJ
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
Consequences of detection of fraud after reporting date
Read the Full Document: https://taxmann.social/IuOIJ
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
#Accounting #Update
ICAI issues Technical Guide on Preparation of Financial Statements under Cash Basis of Accounting
Read the Full Document: https://taxmann.social/duONH
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #ICAI #FinancialStatement
ICAI issues Technical Guide on Preparation of Financial Statements under Cash Basis of Accounting
Read the Full Document: https://taxmann.social/duONH
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #ICAI #FinancialStatement
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#TaxmannUpdates #IncomeTax #CapitalGains #ITA #GST #FinanceAct #SEBI #CompetitionLaw #FEMA #IndAS #FinancialStatement
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Dear Reader, Todayβs newsletter analytically summarizes todayβs top Tax & Corporate Law stories reported at taxmann.com, in a unique section-wise format.
#QuestionOfTheWeek #IndAS #FinancialStatement
How a prior period classification error of liabilities be rectified under Ind AS Financial Statement (FS)?
How a prior period classification error of liabilities be rectified under Ind AS Financial Statement (FS)?
Anonymous Poll
24%
Restating comparative FS
47%
Adjusting current FS
29%
Providing disclosure only
0%
No accounting treatment
#QuestionOfTheWeek #IndAS #FinancialStatement
How an Ind AS-compliant company will disclose accounting policy information in Financial Statement for year 2023-24?
How an Ind AS-compliant company will disclose accounting policy information in Financial Statement for year 2023-24?
Anonymous Poll
71%
Significant Accounting Policies
0%
Material Accounting Policies
24%
Material Accounting Policy Information
6%
No disclosure
Taxmann's_Analysis_Detailed_Checklist_β_Audit_of_Bank_Balances_Comp.pdf
306.4 KB
#TaxmannAnalysis #Audit #BankBalances
Conducting an audit of bank balances is critical for ensuring the accuracy and integrity of a company's financial records. Being one of the most risk-prone items in the financial statement, verification of bank balances safeguards against errors and discrepancies. It serves vitally in maintaining transparency and accountability and forming an opinion under the audit report.
This article aims to guide auditors through the intricate steps necessary to examine and validate bank balances, including:
β£ Risk Assessment,
β£ Internal Control Evaluation,
β£ Cut-off Procedure,
β£ Bank Reconciliation Statement (BRS) etc.
Download/Read More: https://taxmann.social/miuHK [12 Mins | Read Time]
Authored by: Srinivasan Anand G. β CA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #BankAudit #FinancialStatement #AuditReport #AuditProcedure
Conducting an audit of bank balances is critical for ensuring the accuracy and integrity of a company's financial records. Being one of the most risk-prone items in the financial statement, verification of bank balances safeguards against errors and discrepancies. It serves vitally in maintaining transparency and accountability and forming an opinion under the audit report.
This article aims to guide auditors through the intricate steps necessary to examine and validate bank balances, including:
β£ Risk Assessment,
β£ Internal Control Evaluation,
β£ Cut-off Procedure,
β£ Bank Reconciliation Statement (BRS) etc.
Download/Read More: https://taxmann.social/miuHK [12 Mins | Read Time]
Authored by: Srinivasan Anand G. β CA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #BankAudit #FinancialStatement #AuditReport #AuditProcedure
#CompanyLaw #Opinion
Statutory Non-compliance: Consequences of failure to appoint KMPs, conduct BMs and file financial statements
Read the Full Article: https://taxmann.social/1ix51 [22 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS-FCWA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
Statutory Non-compliance: Consequences of failure to appoint KMPs, conduct BMs and file financial statements
Read the Full Article: https://taxmann.social/1ix51 [22 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS-FCWA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
#QuestionoftheWeek #FinancialStatement
How should the consideration paid to the authority for a disputed land acquisition be presented in the financial statements?
How should the consideration paid to the authority for a disputed land acquisition be presented in the financial statements?
Anonymous Poll
6%
As Land Inventory
25%
As Advance
19%
As Prepaid Expense
50%
As Contingent Asset
#CompanyLaw #Opinion
ROC clamps down on Company and its directors for submitting illegible financial statements in E-Form AOC-4 β A Case Study
Read the Full Article for FREE! https://taxmann.social/SiVPX [15 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS-FCWA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
ROC clamps down on Company and its directors for submitting illegible financial statements in E-Form AOC-4 β A Case Study
Read the Full Article for FREE! https://taxmann.social/SiVPX [15 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS-FCWA
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
Taxmann Professionals
Taxmann_Workshop_Financial_Modelling_and_Valuation_with_Case_Studies.pdf
Key Learnings:
βοΈ How to Build a Financial Model
βοΈ Forecasting Financial Statement
βοΈ Different Approaches to Value a Company
Benefits to Participants:
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βοΈ Complimentary Access to Accounting & Income-tax Module of Taxmann.com | Practice for one month
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βοΈ Certificate of Participation
π Relevant For:
β’ Chartered Accountants
β’ Company Secretaries
β’ Cost and Management Accountants
β’ Entrepreneurs
β’ Valuation Professionals
β’ Start-Ups
β’ Companies
β’ Students
#TaxmannUpdates #FinancialStatement #FinancialForecasting
βοΈ How to Build a Financial Model
βοΈ Forecasting Financial Statement
βοΈ Different Approaches to Value a Company
Benefits to Participants:
βοΈ Get Replies to your Queries
βοΈ Complimentary Access to Accounting & Income-tax Module of Taxmann.com | Practice for one month
βοΈ Complimentary Virtual Access to Taxmann's Corporate Finance with Financial Modelling by Rishi Mehra & Ruchi Arora for one month [Virtual/e-Book]
βοΈ Certificate of Participation
π Relevant For:
β’ Chartered Accountants
β’ Company Secretaries
β’ Cost and Management Accountants
β’ Entrepreneurs
β’ Valuation Professionals
β’ Start-Ups
β’ Companies
β’ Students
#TaxmannUpdates #FinancialStatement #FinancialForecasting
#Accounting #Auditing #GlobalFinancialInsights
[New Column] Taxmann's Global Financial Insights brings you the latest updates on financial reporting and auditing practices worldwide. Here's a glimpse of this week's financial highlights:
Topics Covered:
β’ IAASB issues guidance on audit reporting for audit of financial statements of less complex entities
β’ IFRS releases the meeting report of emerging economies group and International Sustainability Standard Board
β’ Upcoming IFRS Annual Improvements: Clarifications and Minor Adjustments in Accounting Standards
Read the Full Column: https://taxmann.social/KoojR [5 Mins | Read Time]
Drafted by Taxmann's Editorial Team
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #Audit #IFRS #FinancialStatement #AccountingStandards
[New Column] Taxmann's Global Financial Insights brings you the latest updates on financial reporting and auditing practices worldwide. Here's a glimpse of this week's financial highlights:
Topics Covered:
β’ IAASB issues guidance on audit reporting for audit of financial statements of less complex entities
β’ IFRS releases the meeting report of emerging economies group and International Sustainability Standard Board
β’ Upcoming IFRS Annual Improvements: Clarifications and Minor Adjustments in Accounting Standards
Read the Full Column: https://taxmann.social/KoojR [5 Mins | Read Time]
Drafted by Taxmann's Editorial Team
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #Audit #IFRS #FinancialStatement #AccountingStandards
Taxmann Professionals
#ArbitrationAct #CaseLaw Key Takeaways from Taxmann's Case Digest: β’ Where the arbitrator passed an order directing the appellant-retiring partner of the partnership firm to sign financial statements of the firm, disputed by the appellant, without finallyβ¦
β’ Sabyasachi Bhattacharyya, J.
β’ Anirban Ray, Debangshu Dinda, Snehal Kakrania & Ms Nikita Khaitan, Advs. for the Petitioner.
β’ Sarvapriya Mukherjee, Shoham Sanyal & Kunal Saraogi, Advs. for the Respondent.
#TaxmannUpdates #FinancialStatement #HighCourt
β’ Anirban Ray, Debangshu Dinda, Snehal Kakrania & Ms Nikita Khaitan, Advs. for the Petitioner.
β’ Sarvapriya Mukherjee, Shoham Sanyal & Kunal Saraogi, Advs. for the Respondent.
#TaxmannUpdates #FinancialStatement #HighCourt
#Accounting #Update
Key Areas of Non-Compliance Identified by AASB in Financial Statement Audits
Read the Full Document: https://taxmann.social/eoHgF
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
Key Areas of Non-Compliance Identified by AASB in Financial Statement Audits
Read the Full Document: https://taxmann.social/eoHgF
π π¨π« πππ’π₯π² πππ± & ππ¨π«π©π¨π«πππ πππ° ππ©πππππ¬, π π¨π₯π₯π¨π° 'πππ±π¦ππ§π§' π¨π§ ππ‘πππ¬ππ©π©: https://taxmann.social/ayDWB
#TaxmannUpdates #FinancialStatement
https://www.taxmann.com
Key Areas of Non-Compliance Identified by AASB in Financial Statement Audits
The AASB has identified key areas of non-compliance in financial statement audits, including issues with sample examination, communication with governance, and handling of misstatements. The AASB has outlined specific recommendations to address these deficienciesβ¦
#Accounting #Auditing #GlobalFinancialInsights
[New Column] Taxmann's Global Financial Insights brings you the latest updates on financial reporting and auditing practices worldwide. Here's a glimpse of this week's financial highlights:
Topics Covered:
β’ PCAOB's updated Quality Control Standard approved by SEC
β’ IFRS 17 under scrutiny: FRC reviews disclosure requirement and offsetting principle
Read the Full Column: https://taxmann.social/FoBin [4 Mins | Read Time]
Drafted by Taxmann's Editorial Team
#TaxmannUpdates #SEC #IFRS #FinancialStatement
[New Column] Taxmann's Global Financial Insights brings you the latest updates on financial reporting and auditing practices worldwide. Here's a glimpse of this week's financial highlights:
Topics Covered:
β’ PCAOB's updated Quality Control Standard approved by SEC
β’ IFRS 17 under scrutiny: FRC reviews disclosure requirement and offsetting principle
Read the Full Column: https://taxmann.social/FoBin [4 Mins | Read Time]
Drafted by Taxmann's Editorial Team
#TaxmannUpdates #SEC #IFRS #FinancialStatement
Revolutionize Your Knowledge in the Ever-evolving world of Accounting & Auditing! https://taxmann.social/mpruh [7 Mins | Read Time]
Our expertly curated daily newsletter is your indispensable guide, providing clear and timely updates
Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
#TaxmannUpdates #FinancialStatement #Accounting #BSE #IndAS
Our expertly curated daily newsletter is your indispensable guide, providing clear and timely updates
Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
#TaxmannUpdates #FinancialStatement #Accounting #BSE #IndAS
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Accounts & Audit Daily
Dear Reader, Welcome to Taxmann.com | Newsletter β Reporting the Facts with Taxmannβs Analysis.
Revolutionize Your Knowledge in the Ever-evolving world of Accounting & Auditing! https://taxmann.social/Dpj3o [7 Mins | Read Time]
Our expertly curated daily newsletter is your indispensable guide, providing clear and timely updates
Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
#TaxmannUpdates #Accounting #IndAS #AccountingStandard #FinancialStatement
Our expertly curated daily newsletter is your indispensable guide, providing clear and timely updates
Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
#TaxmannUpdates #Accounting #IndAS #AccountingStandard #FinancialStatement
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Dear Reader, Welcome to Taxmann.com | Newsletter β Reporting the Facts with Taxmannβs Analysis.
#SEBI #Update
SEBI Proposes to Mandate a Separate Report on Digital Assurance of Financial Statement
Read the Full Document: https://taxmann.social/OanQ5
#TaxmannUpdates #FinancialStatement
SEBI Proposes to Mandate a Separate Report on Digital Assurance of Financial Statement
Read the Full Document: https://taxmann.social/OanQ5
#TaxmannUpdates #FinancialStatement
Taxmann_com_LearningβWebinar_Financial_Statement_Analysis_from_GST.pdf
850.2 KB
#TaxmannWebinar #FinancialStatement #GST
Register Now for Taxmann.com | LearningβWebinar | Financial Statement Analysis from GST Perspective
π 8th May 2025 (Thursday) | π 5:00 PM β 6:00 PM (IST)
π» Register Now for FREE! (Limited Slots Available): https://taxmann.social/0snm2
π Coverage of the Webinar:
βοΈ Practical approaches for analysing financial statements from a GST perspective
βοΈ Key reconciliations required to assess GST applicability and compliance
βοΈ Techniques for conducting an effective and efficient financial statement analysis
βοΈ Understanding the practical implications of various GST provisions
βοΈ Mechanisms for identifying transactions relevant to GST obligations
βοΈ Insights through industry examples and case studies
Register Now for Taxmann.com | LearningβWebinar | Financial Statement Analysis from GST Perspective
π 8th May 2025 (Thursday) | π 5:00 PM β 6:00 PM (IST)
π» Register Now for FREE! (Limited Slots Available): https://taxmann.social/0snm2
π Coverage of the Webinar:
βοΈ Practical approaches for analysing financial statements from a GST perspective
βοΈ Key reconciliations required to assess GST applicability and compliance
βοΈ Techniques for conducting an effective and efficient financial statement analysis
βοΈ Understanding the practical implications of various GST provisions
βοΈ Mechanisms for identifying transactions relevant to GST obligations
βοΈ Insights through industry examples and case studies
Get Section-wise Updates on Tax | Corporate Laws | Accounting at Your Fingertips! https://taxmann.social/4snC2 [8 Mins | Read Time]
Experience a Seamless Synthesis of Statutes | Judgments | Opinions in:
β A Single Line for a βSnapshotβ
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Join our Community of over 70,000+ Members and Access Content Curated by Taxmannβs Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
#TaxmannUpdates #IncomeTaxAct #CGSTAct #CapitalGains #SEBI #PMLA #IBC #FinancialStatement
Experience a Seamless Synthesis of Statutes | Judgments | Opinions in:
β A Single Line for a βSnapshotβ
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β Source Documents
Join our Community of over 70,000+ Members and Access Content Curated by Taxmannβs Editorial Board from 1,000+ Sources β https://taxmann.social/tRzS
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