- Taxability of E-commerce Transactions
- CBDT Grants Covid-19 Relief to Lower/Nil Deduction Certificates
- Artificial Intelligence
- CBIC Clarified certain issues related to refund under GST vide Circular No. 135/05/2020 dated 31st March 2020
- Key Highlights of Reserve Bank of India Press Release(s) dated 27th March 2020
Category Archives: Audit & Assurance
Artificial Intelligence: How technology transforming the audit Technology is changing the way business is conducted and data is analyzed. Since the environment is constantly changing, the principles and methods of audit needs to be changed, so as to produce efficient … Continue reading
The coronavirus outbreak (COVID-19) has significantly impacted several business across the world due to business shutdowns and obstructed the smooth functioning of business operations by interruptions of production, supply chain disruption, reduction in sales and profitability, unavailability of personnel, etc. Auditors … Continue reading
The Accounting Standard Board has issued an exposure draft on Ind AS 116, Leases, with a proposed effective date of 1st April, 2019, subject to notification by Ministry of Corporate Affairs and Ind AS 116 supersedes Ind AS 17 ‘Leases’.
Implementation Guide to Standard on Auditing (SA)701, Communicating Key Audit Matters in the Independent Auditor’s Report
The purpose of communicating key audit matters is to enhance the communicative value of the auditor’s report by providing greater transparency about the audit that was performed.
Internal Financial Controls – Applicability on Private Limited Companies As per provisions of Section 143(3)(i) of companies Act, The Auditor Report shall state whether the Company has adequate internal financial controls system inplace and the operating effectiveness of such controls. … Continue reading