Category Archives: Audit & Assurance

There is no doubt that the pandemic covid 19 has impacted the economy at the highest level. Almost all the industries have faced business operation issues due to lockdown and Issues like supply chain disruption, labor unavailability, high fixed cost … Continue reading →

The Board of Directors of every company are required to make a statement in the Directors’ Responsibility Statement referred to in Section 134(5) of the Companies Act, 2013 that the annual accounts are prepared on a going concern basis i.e. … Continue reading →

In the series of Auditing Guidance on COVID-19 issued by ICAI, latest is Auditing Guidance on “Subsequent Events– Key Audit Considerations amid COVID 19” issued by ICAI on 13th May 2020 for the benefits of its members. Considering the uncertainties … Continue reading →

Securities and Exchange Board of India has issued Advisory on disclosure of the material impact of COVID – 19 pandemic on listed entities under SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 vide circular SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May 20, 2020. This … Continue reading →

COVID-19 may impact a company’s projected cash flows due to a decrease in demand for its product, supply chain disruptions, or other events. In such situations, a company needs to consider whether the disruption in its business indicates that a … Continue reading →