Monthly Archives: February 2020

Artificial Intelligence and Risk Advisory

Posted on February 28, 2020

Artificial Intelligence, or AI, is no longer the exclusive tool of limited entities such as defense organizations, instead, AI is now present everywhere and impacting all walks of life. From gaming to films and from manufacturing to services, AI is … Continue reading →

Posted in Risk Advisory |

Being a Risk Advisory Professional – New Expectations

Posted on February 25, 2020

In recent times, few instances were noted where Risk advisory professional was accused of being gross negligent and consequently either arrested or barred from practice as Chartered Accountant. It’s being said that if there is anything wrong happening in the … Continue reading →

Posted in Risk Advisory |

IRDAI defers Ind AS implementation for Insurance Sector

Posted on February 20, 2020

Background Ministry of Corporate Affairs, had on March 30, 2016 notified the road map for implementation of Ind AS for banks, insurers and NBFCs from accounting period beginning 01st April 2018. Insurers were required to implement Ind-AS 104, Insurance Contracts from … Continue reading →

Posted in others |

Why Risk Advisory to Manage Business Risk is Important?

Posted on February 13, 2020

What is Risk Management? Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. The risks could evolve from various sources such as financial risk, legal risk, strategic risk, nature’s apathy, etc. The … Continue reading →

Posted in Risk Advisory |

Central Board of Direct Taxes (CBDT) Issues Clarification On The Applicability Of TDS Provisions On Mutual Fund Dividend

Posted on February 5, 2020

Central Board of Direct Taxes vide Press Release dated 4th February, 2020 has clarified that under section 194K (proposed to be inserted vide Finance Bill, 2020), a Mutual fund shall be required to deduct TDS@10% only on dividend payment and … Continue reading →

Posted in Direct Tax |