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COVID-19 will change how companies report earnings – 20 point checklist for CFOs

May 14, 2020

[Source: www.businessinsider.com] The COVID-19 pandemic has had an adverse impact on all aspects of the economy, be it earnings, supply chains, operational efficiencies and the stock markets. Since the financial year ends on March 31, 2020 in India, it falls amidst the COVID-19 pandemic. This will have an impact on the way companies report their earnings for the financial year

Audits & Assurance

ICAI Advisory on “Impact of Coronavirus on Financial Reporting and the Auditors Consideration”

Apart from the health and safety of mankind, COVID-19 has unfavourably affected the economic environment which in turn has consequential impact on the results in the financial statements and reporting. There is also a need to advise the preparers of financial statements to ensure that the potential impact of COVID-19

SEBI audit flags discrepancies at warehouses

Mumbai: A Securities and Exchange Board of India (Sebi) audit of warehouses

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

India may make the Calendar Year, instead of April-March, as its new

Reclassification of NBFCs

September 27, 2008

Audits & Assurance·RBI & FEMA

The Reserve Bank of India (RBI) has issued a Circular mandating all erstwhile EL/HP NBFCs should, duly supported by Statutory Auditors’ Certificate as on March 31, 2008, immediately approach the Regional Office concerned for appropriate classification latest by December 31, 2008 after which NBFCs which have not opted for the

SEBI directive on mandatory internal audit of stock-brokers

September 26, 2008

Audits & Assurance·Corporate Laws

Last month, SEBI issued a circular to he various stock exchanges requiring mandatory internal audit for their stock-brokers / clearing members on a half-yearly basis. The scope of the said audit includes the existence, scope and efficiency of the internal control system, compliance with the provisions of the SEBI Act,

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