Articles by P.R. Sethuraman

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Audit Report - What is'true and fair view?'

Posted by P.R. Sethuraman 11 March 2019 25385 Views

The present formats of the audit reports are primarily guided by the relevant SAs:

Impact of Ind AS 116 on Leases - When it is Operative

Posted by P.R. Sethuraman 28 July 2019 7611 Views

Introduction: Ind. AS 116 on Leases

Role of nominee directors in the board of joint stock companies

Posted by P.R. Sethuraman 20 July 2019 7755 Views

Introduction:The shareholders of joint stock companies are too many and are drawn from through

Equity share capital and Balance Sheet

Posted by P.R. Sethuraman 08 July 2019 31215 Views

Introduction:A glance through of the Ind. AS will highlight a hell of a difference of treatment of Equity share Capital from IGAPP as well

Questions deserving attention by ICAI, MCA and RBI

Posted by P.R. Sethuraman 08 June 2019 4375 Views

Introduction:There appears to be a conflict of approach among ICAI, MCA and RBI among Five issues raised in the Tabular Format underneath along with the require...

Queries deserving attention for consideration for Auditors

Posted by P.R. Sethuraman 16 May 2019 4157 Views

Merited attention is invited to Para D 8 of Ind. AS 101 - on First Adoption of Indian Accounting Standards. Clause (b) of Para D 8 of the above said Stand

A cakewalk on October amendment to Schedule III

Posted by P.R. Sethuraman 23 April 2019 17022 Views

A cakewalk on recent Amendments (11th Oct 18) to Schedule III (Division I & II) and considered induction of Division III ear marked for NBFC under the crux of Ind AS

A case for relook by RBI for a pointed mechanism to address fraud

Posted by P.R. Sethuraman 11 April 2018 3623 Views

A Case for a relook by RBI in the presentation/ disclosures in the Balance Sheet and for a pointed Mechanism to address frauds

Cost price value estimate & the part played by Fixed Cost in the fixation of price

Posted by P.R. Sethuraman 28 August 2018 4601 Views

Cost is a fact incurred in producing and maintaining; and determined from the producer's perspective to find out the cost of production in monetary terms so