EPFO moves to Accrual Accounting

The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAIAccounting Research Foundation (ICAIARF) signed an MoU with Employees Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will undertake a Pilot Study Project withEPFO to support itin its initiative to migrate to Accrual Based Accounting System. The project with EPFO represents the first phase wherein the ICAI ARF will study EPFOs existing accounting system with an intent to

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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