Every year, minor amendments to the International Financial Reporting Standards (IFRS) are introduced by the International Accounting Standards Board (IASB) by way of annual improvements.…
Deciphering Audit Trail: Frequently Asked Questions
In our previous article, the first of two installments on Audit Trail, we discussed the amendments brought in by the Ministry of Corporate Affairs (MCA)…
Deciphering Audit Trail Understanding key intricacies and requirements
Recently, India became the first country to introduce reporting requirements on the ‘Audit Trail’ to improve transparency and integrity of the financial reporting process.
Amendments to IAS 8
The International Accounting Standards Board (IASB) has issued amendments to Internal Accounting Standard (IAS) 8: Accounting Policies, Changes in Accounting Estimates and Errors. These amendments…
Ind AS 117 Insurance Contracts: An Overview
Globally, IFRS 17 replaced IFRS 4 as the primary accounting framework for insurance contracts. IFRS 4, introduced in 2004, was meant to be an interim…
MCA extends timelines for CSR-2 filing and implementation of the audit trail feature
On 11 February 2022, the Central Government notified amendments to Companies (Accounts) Rules, 2014. The amended Rules apply to companies required to undertake Corporate Social…
IFRS amendments applicable from 1 January 2022
International Accounting Standards Board (IASB) has announced amendments to International Financial Reporting Standards (IFRS) which are applicable for reporting periods beginning on or after 1…
On 11 February 2022, the Central Government notified amendments to Companies (Accounts) Rules, 2014. The amended rules apply to companies that are required to undertake…
Relaxation in timelines for compliance with regulatory requirements by SEBI
The COVID-19 pandemic has been disruptive to life and business. With the second wave of the pandemic gradually drawing to a slow end, anxious anticipation…
SUBSCRIBE TO OUR INSIGHTS
We are constantly working on sharing relevant alerts & publications to keep you informed on the latest developments.