Auditing Guidance by ICAI on “Subsequent Events – Key Audit Considerations amid COVID 19”

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... Read More →

Posted in Audit & Assurance |

Brief Note On Recent Changes Related to MSME

Ministry of Micro, Small and Medium Enterprises vide notification dated 1st June 2020 has changed the criteria for classification of micro, small and medium enterprises under the Micro, Small and Medium Enterprises Development Act, 2006. For details, please refer the... Read More →

Posted in Regulatory |

Final Notification on the Manner of Calculating Remuneration to Eligible Fund Manager u/s 9A

CBDT issues final notification on the manner of calculating remuneration to eligible fund manager u/s 9A of the Act. For details, please refer the attached document: Final Notification on the Manner of Calculating Remuneration to Eligible Fund Manager under section... Read More →

Posted in Direct Tax |

SEBI Advisory on Disclosures of COVID-19 Impact

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... Read More →

Posted in Audit & Assurance |

Impairment of Assets and Financial Assets

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... Read More →

Posted in Audit & Assurance |