Articles by CA Amrita Chattopadhyay

Accounting for corporate social responsibility

CA Amrita Chattopadhyay 10 August 2020 at 14:22

Section 135 of the Companies Act, 2013 requires the Board of Directors to constitute a Corporate Social responsibility Committee

Audit documentation requirement under COVID 19

CA Amrita Chattopadhyay 21 July 2020 at 12:05

Due to restrictions caused by the COVID 19 pandemic and the related lockdown, several restrictions are faced by the auditors in terms of visiting the client location, meeting with the client, obtaining of audit evidence

Going concern review under COVID-19

CA Amrita Chattopadhyay 03 July 2020 at 15:43

The COVID 19 pandemic has spread around the globe resulting in largest global recession in the history with more than one third of the global population being p..

Taxability of managerial remuneration

CA Amrita Chattopadhyay 22 June 2020 at 10:08

Directors, who are not the Employee of the Company, is the remuneration paid to such independent directors, or those directors, by whatever name called, who are not employees of the said company, is taxable in hands of the company, on RCM

Key findings of NFRA with regard to audit of ILFS

CA Amrita Chattopadhyay 06 January 2020 at 11:06

National Financial Reporting Authority (NFRA) constituted by Govt. of India to monitor and enforce compliance with Accounting and Auditing standard; had taken up the quality review of statutory audit of ILFS Financial Services Limited (IFIN) for the financial year 2017-18 to verify the compliance with the requirement of Auditing Standard.

Revised Code of Ethics for CAs applicable from 1.4.2020

CA Amrita Chattopadhyay 10 September 2019 at 13:09

Section wise key highlights of revised code of ethics

Appointment of joint auditor - Impact on the corporate world

CA Amrita Chattopadhyay 19 August 2019 at 11:42

In last couple of years, the audit profession has received the attention which no other profession has received due to corporate frauds which has surfaced, the ..

Audit documentation requirement and observation as per QRB

CA Amrita Chattopadhyay 10 July 2019 at 11:25

The audit profession has been in news in the recent times due to various frauds reported in the corporate world. Various questions have been raised on the profe..

Importance of risk assessment as required in auditing standard

CA Amrita Chattopadhyay 31 May 2019 at 18:03

Developments in business, regulation, corporate governance and user expectations drive change in auditing standards and methodologies, as do changes to the cont..

Key Changes made in Auditor's reporting Standard & Emphasis on Audit documentation

CA Amrita Chattopadhyay 26 April 2019 at 18:22

In the wake of the present financial crisis, the role of the auditor has been questioned by many stakeholders. One of the concern of the stakeholder was that th..