Tag: Guidance Note ICAI
ICAI issues revised Guidance Note on CARO 2020 (Revised 2022 Edition) In July 2020, the ICAI had issued the “Guidance Note on the Companies (Auditor’s Report) Order, (CARO) 2020” to provide guidance on reporting requirements of CARO 2020. The CARO 2020 is applicable for audits of financial year …
Release of Compendium of Ind AS (as on April 01, 2022) and related guidance material Compendium of Ind AS is a comprehensive up-to-date version encompassing all the rounds of amendments issued by MCA till date that are effective as of 1st April, 2022. Further, the guidance material comprises …
ICAI revised Guidance Note on Schedule III of Companies Act 2013 – January 2022 Edition ICAI issues revised Guidance Note on Schedule III of Companies Act 2013 – January 2022 Edition. The Ministry of Corporate Affairs (MCA) has revised the Schedule III to the Companies Act, 2013 vide …
ICAI issues Guidance Note on Accounting for Derivative Contracts ICAI has formulated a ‘Guidance Note on Accounting for Derivative Contracts’ for uniform accounting principles for accounting of derivative contracts. The Guidance Note provides guidance on accounting for financial and commodity derivative contracts consistent with the extant international practices. …
ICAI Guidance Note on Audit of Banks 2021 Edition ICAI has issued 2021 edition of the Guidance Note on Audit of Banks. The revised 2021 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the …
ICAI Guidance Note on Accounting by E-commerce Entities. In view of increased number of online transactions for buying and selling of products / services, ICAI has revised its ‘Guidance Note on Dot-Com companies’ as the ‘Guidance Note on Accounting by E-commerce Entities’. This revised Guidance note deals with …
ICAI Guidance Note on Accrual basis of accounting 2021. The importance of Accrual basis of accounting assumes importance as one of the fundamental accounting assumption for preparing and presenting the financial statement is ‘Accrual’. The Institute of Chartered Accountants of India (ICAI) through its Research Committee has issued …
ICAI Hand book on Audit of CSR Activities Under the provisions of section 135 of the Companies Act 2013 its is mandatory for Companies to take up Corporate Social Responsibility (CSR) projects on various social welfare activities provided and/or notified by MCA. ICAI Hand book on Audit of …
Accounting for Share-based Payments – ICAI Guidance Note In an equity-settled share-based payment, the employer company offers equity shares (including share options) as consideration in lieu of services of the employees. In India large number of entities in India are involved in share-based payment transactions. Such payments are …
ICAI Multiple Choice Questions (MCQs) on Guidance Note on CARO 2020 The Ministry of Corporate Affairs issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020 which was initially applicable for the financial years commencing on or after the 1st April, 2019. However, due to …
