IND AS 41 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the accounting treatment for agricultural activity. The objective of IND AS 41 is to ensure that the financial statements of entities engaged in agriculture provide relevant and reliable information about their agricultural activities.
Blockchain technology is a decentralized, distributed ledger system that allows for the secure and transparent recording of transactions.
In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. ...
AS-5 required that All items of income and expense which are recognised in a period should be included in the determination of net profit or loss for the period unless an AS requires or permits otherwise.
Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.
02 December 2022
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Digital technology has been influencing our world since the 1980s when the internet was introduced to the public. Since then, we've seen mobile phones, game con...
Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.
It was noted from the accounting policy of revenue that the element of financing has not been considered if the credit term is consistent with market practices....
Common Non-Compliances of Financial Reporting: Equity & Liabilities
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