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Articles by P.R. Sethuraman

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ICAI COVID-19 Advisory on Finalisation and audit of Accounts

  P.R. Sethuraman    04 May 2020 at 09:55

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?

  P.R. Sethuraman    23 March 2020 at 11:43

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?

  P.R. Sethuraman    11 March 2020 at 10:09

Company auditor's report order (CARO) 2020



Consolidated Financial Statements (CFSs) & Audit Report on CFSs

  P.R. Sethuraman    12 February 2020 at 10:22

Consolidated Financial Statements (CFSs) & Audit Report on CFSs



Directors Report under the Companies Act, 2013

  P.R. Sethuraman    27 January 2020 at 17:08

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



Risk in Life and in Accounts

  P.R. Sethuraman    10 December 2019 at 12:43

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

  P.R. Sethuraman    11 September 2019 at 11:23

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

  P.R. Sethuraman    06 August 2019 at 11:30

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

  P.R. Sethuraman    23 July 2019 at 11:56

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

  P.R. Sethuraman    01 July 2019 at 11:21

Introduction:The purpose of the article is not on examinatio