The implementation of Indian Accounting Standards (IndAS) for banks may be postponed by the government and RBI because of the legislative changes and additional capital requirements of the process...
Jan 22, 2018
In recent years, the use of International Financial Reporting Standards (IFRS) as a common language for financial reporting has gained wide acceptance in almost 140 countries across the globe. In...
Nov 10, 2017
The government is leaving no stone unturned to create a clean economy. However, we should not expect only the government to put in all the effort. All organisations and citizens of the country...
Nov 08, 2017
The introduction of Indian Accounting Standards (Ind AS) has brought a paradigm shift in accounting. This has brought India closer to the international standards of financial reporting; thereby,...
Sep 29, 2017
In a move expected to bring parity between financial and cost records, the government is reportedly planning to amend the cost audit rules under the companies law. "Pursuant to implementation of Ind...
Aug 14, 2017
In an Ind AS conversion, an entity undertakes to change its financial reporting from its current GAAP to Ind AS. The differences between Indian GAAP and Ind AS may vary significantly from one entity...
Jul 26, 2016
After three quarters of rising M&A activity that saw deals worth more than $1 trillion, the global deal value shrunk to $701.5 billion. Last year, in the same period January-March, deals worth...
Mar 28, 2016
Indian economy is seeing a surge in registration of new companies. In the first nine months of the current year, 60,489 new companies were formed with an authorised capital of Rs 11,986 crore...
Mar 15, 2016
Indian companies are rushing to declare interim dividends for the year FY16. The latest to join the bandwagon of companies that are declaring dividends for the year are Hero Honda, Jyothy...
Mar 10, 2016
State-run banks are seeing mounting bad loans and part of it could be blamed on the practice of bank managements selecting its own auditors, said Institute of Chartered Accountants M Devarraja...
Feb 17, 2016
If you go to the bank and find yourself a victim of a bounced cheque case, you now no longer need to run from the pillar to the post making endless trips to the city at which the cheque was...
Jan 08, 2016
Indian Accounting Standard (IND AS) 19 is replacing AS 15 (revised, 2005) with regulatory guidelines making it mandatory for companies with a net worth exceeding INR 5,00 Crores to make this...
Nov 16, 2015
Vishesh C Chandiok, National Managing Partner of Grant Thornton India LLP explains the difference between Ind-AS & Indian GAAP.
Nov 10, 2015
Corruption in India has become endemic and a precarious epidemic. Transparency International (TI), which ranks countries from highly clean (100) to highly corrupt (0) ranked India at 38 in 2014...
Oct 23, 2015
In the suite of corporate governance reforms, if there is anything that the Government is not rushing to implement, it is the constitution of National Financial Reporting Authority (NFRA). The new...
Oct 08, 2015