AS10 (Revised)- Property, Plant and Equipment

INTRODUCTION Even though Indian Accounting Standards (Ind AS) implementation is in its track, Ministry of Corporate Affairs (MCA)has notified Companies (Accounting Standards) Amendment Rules, 2016 on March 30, 2016 and rules made applicable from the date of notification in the Official Gazette.... Read More

June  10, 2017 By Akash Mathew Accounting Standards

SA 240-The Auditor’s Responsibilities relating to Fraud

Introduction: The standard adopts a Risk-based approach to Auditor’s responsibility relating to fraud in an audit of Financial Statements. Standard explains how the material misstatements in the financial statements due to fraud can be identified, assessed and appropriate procedures to... Read More

October  30, 2020 By B. Yashwanth Accounting Standards

AS10 (Revised)- Property, Plant and Equipment

INTRODUCTION Even though Indian Accounting Standards (Ind AS) implementation is in its track, Ministry of Corporate Affairs (MCA)has notified Companies (Accounting Standards) Amendment Rules, 2016 on March 30, 2016 and rules made applicable from the date of notification in the Official Gazette.... Read More

June  10, 2017 By Akash Mathew Accounting Standards

SA 240-The Auditor’s Responsibilities relating to Fraud

Introduction: The standard adopts a Risk-based approach to Auditor’s responsibility relating to fraud in an audit of Financial Statements. Standard explains how the material misstatements in the financial statements due to fraud can be identified, assessed and appropriate procedures to... Read More

October  30, 2020 By B. Yashwanth Accounting Standards