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Articles by CA Amrita Chattopadhyay

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Going concern review under COVID-19

Posted by CA Amrita Chattopadhyay 03 July 2020 3577 Views

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

Posted by CA Amrita Chattopadhyay 22 June 2020 13281 Views

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

Posted by CA Amrita Chattopadhyay 06 January 2020 4801 Views

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

Posted by CA Amrita Chattopadhyay 10 September 2019 23817 Views

Section wise key highlights of revised code of ethics



Appointment of joint auditor - Impact on the corporate world

Posted by CA Amrita Chattopadhyay 19 August 2019 14579 Views

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

Posted by CA Amrita Chattopadhyay 10 July 2019 5342 Views

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

Posted by CA Amrita Chattopadhyay 31 May 2019 4685 Views

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

Posted by CA Amrita Chattopadhyay 26 April 2019 11648 Views

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...



Role of practicing unit in peer review

Posted by CA Amrita Chattopadhyay 29 March 2019 12373 Views

The Peer Review Board of ICAI was established in 2002, recognizing the need to ensure the quality of services provided by practicing Chartered Accountants.The t...



Impact of GST on charitable trust

Posted by CA Amrita Chattopadhyay 06 March 2019 12669 Views

Notification No. 12/2017 �Central Tax (Rate) dated 28-06-2017 exempts services provided by entity registered under Section 12AA of the Income-tax Act, 196




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