Articles by P.R. Sethuraman

Section 144 - A new avatar in the Companies Act On 'Auditor not to render certain services'

Posted by P.R. Sethuraman 30 May 2017 17404 Views

Section 144 of the Indian Penal Code is normally promulgated to avoid unlawful assembly of people with attempt to cause public disturbance. It is not on normal ...

Change - Law needs to move with time

Posted by P.R. Sethuraman 30 April 2017 4354 Views

The purpose of the article is to deal with on the consequential changes warranted on rules of law and regulatory requirements on business/ industrial domain

Ind As Audit Report- ICAI Implementation Guide - A Preview and Purview

Posted by P.R. Sethuraman 02 March 2017 27131 Views

Ind As Audit Report- ICAI Implementation Guide - A Preview and Purview

Corporate Governance - In retrospect

Posted by P.R. Sethuraman 08 February 2017 6059 Views

Corporate governance is a sine qua non. It is a must in a globalised environment.

Ind AS Compliant Schedule III - A walk through

Posted by P.R. Sethuraman 23 January 2017 15406 Views

Ind AS Compliant Schedule III - A walk through

Forensic Audit - A Modern Day Thrust and Thirst

Posted by P.R. Sethuraman 05 January 2017 18830 Views

Forensic Audit-a Modern Day Thrust and ThirstIntroduction: In the recent past, more so in the previous decade, accounting and auditing community witnessed and i...

Ind AS 19 on Employee Benefits

Posted by P.R. Sethuraman 03 June 2016 76822 Views

Employee Benefits include and cover all forms of consideration given by an entity in exchange for service rendered by employees. Pictorially, it is mapped out below. Post-Employment Benefits are employee benefits (other than termination benefits

Ind AS12 on income taxes

Posted by P.R. Sethuraman 20 April 2016 76462 Views

What is tax expense?Tax expense (income) is the aggregate amount included for determination of profit and loss in respect of current tax and deferred Tax. Income tax relating to items charged or credited to other comprehensive income/equity is charge

Measurement of Debt Instruments under Ind AS

Posted by P.R. Sethuraman 06 January 2016 43982 Views

Financial Instruments are valued either at amortised cost or at fair value. Fair value valuation could be either by fair value through Profit and Loss or Fair value Through Other Comprehensive Income; the latter could be transferred on de-recognition

Disclosure norms - Living Figures vs. Book Figures

Posted by P.R. Sethuraman 01 December 2015 5700 Views

The word �close� has dynamically two different meanings depending upon the usage either as a verb or otherwise. If one says he is close to you, it means he is nearer to you either by distance or conception. If the same is used as �v