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IFRS norms expected to be out by December-end
With just four months to go before the new internationally consistent financial reporting standards kick in, the accounting professionals are awaiting clarification from the Ministry of Corporate Affairs on a number of issues, particularly the taxation aspect. The final standards are expected to be released by December-end. The issue relates to the need for tax neutrality irrespective of whether the
With just four months to go before the new internationally consistent financial reporting standards kick in, the accounting professionals are awaiting clarification from the Ministry of Corporate Affairs on a number of issues, particularly the taxation aspect. The final standards are expected to be released by December-end. The issue relates to the need for tax neutrality irrespective of whether the
ICAI to set up Centre of Excellence
The Institute of Chartered Accountants of India (ICAI) has proposed to set up a Centre for Excellence in Bhubaneswar.
The Institute of Chartered Accountants of India (ICAI) has proposed to set up a Centre for Excellence in Bhubaneswar.
India not to follow IFRS on agricultural accounting norms
India has dropped its plans to introduce a new accounting norm for agriculture as part of the move to converge its accounting standards with globally adopted International Financial Reporting
ICAI seeks changes in accounting practices in commercial banks
The Institute of Chartered Accountants of India (ICAI), the national standard setting body of auditors, has proposed comprehensive changes to the current accounting practices in commercial banks to
Jay Bhattacharjee: Making auditors more accountable in India
The importance of independent, ethical auditors cannot be over-emphasised. Their certification of public companies is the touchstone for all the other stakeholders in the economy.
The importance of independent, ethical auditors cannot be over-emphasised. Their certification of public companies is the touchstone for all the other stakeholders in the economy.
Govt to change role of accounting standards body
The government plans to redefine the functions of the National Advisory Committee on Accounting Standards (Nacas) to convert it into an independent regulatory entity to monitor the quality of
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