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Articles by P.R. Sethuraman

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ICAI COVID-19 Advisory on Finalisation and audit of Accounts

Posted by P.R. Sethuraman 04 May 2020 4960 Views

By this time, when the Accounting and auditing community are busy with the finalization of financial statements for the year ended 2020, they might have gone through The ICAI ACCOUNTING & AUDITING ADVISORY Impact of Coronavirus on Financial Reporting and the Auditors Consideration.



Can statutory auditor be appointed as an internal auditor after rotation?

Posted by P.R. Sethuraman 23 March 2020 13154 Views

Can a Statutory Auditor be appointed as an internal auditor after he ceases to be an auditor after retirement on rotation-Refer Section144 of the Companies Act 2013?



What's new in CARO 2020?

Posted by P.R. Sethuraman 11 March 2020 10080 Views

Company auditor's report order (CARO) 2020



Consolidated Financial Statements (CFSs) & Audit Report on CFSs

Posted by P.R. Sethuraman 12 February 2020 12054 Views

Consolidated Financial Statements (CFSs) & Audit Report on CFSs



Directors Report under the Companies Act, 2013

Posted by P.R. Sethuraman 27 January 2020 12043 Views

(With specific reference to� Subsidiary� Associate� Joint venture companies, including in the consolidated financial statement)Introduction:Unde



Risk in Life and in Accounts

Posted by P.R. Sethuraman 10 December 2019 7626 Views

A commerce student called Sethu moved to a new city for his graduation. His first lecture in his new college was about Accounting Risks. After the class got over one of his classmates posed a question. This is how Sethu made an effort to break the ice by participating in the discussion with his new classmates. Here is an excerpt from their discussion.



Build, Operate, Transfer

Posted by P.R. Sethuraman 11 September 2019 20978 Views

It is easy said than done owing to intricacies of financing and funding of the road building of the magnitude today required.



Fair value of Financial Guarantees under Ind AS Regime

Posted by P.R. Sethuraman 06 August 2019 23525 Views

Introduction:Before going into �Financial Guarantee� and further deep into �Corporate Guarantee�, it is better to dive into what is the



Tug of War between Tax and Duty

Posted by P.R. Sethuraman 23 July 2019 3290 Views

Tug of War between 'Tax and Duty' consequent to advent of GST and Accounting Standards - both of IGAAP and Ind AS



DPT-3 still requires clarification

Posted by P.R. Sethuraman 01 July 2019 5397 Views

Introduction:The purpose of the article is not on examinatio




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