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  • May 25, 2020

    IND AS 24 Related Party Disclosures

    IND AS 24 shall be applied in:  Identifying related party relationships and transactions;  Identifying outstanding balances, including commitments, between an entity and its related parties;  identifying the circumstances in which disclosure of the items above is required; and  Dete ...

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  • May 24, 2020

    Financial Reporting & Auditing considerations on account of Covid-19

    Due to increased economic uncertainty it may have major financial reporting consequences like on Supply chains, distribution chains, cash-flows, demand, price variations, facility access, workforce availability, debt obligations, contract cancellations, are experiencing turbulence. The role of prepa ...

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  • May 11, 2020

    Communication with the retiring Auditor through Email

    The existing Code of Ethics, 2009 issued by the ICAI, provides, under commentary to Clause (8) of Part-I of First Schedule to The Chartered Accountants Act, 1949 as under “Members should therefore communicate with a retiring auditor in such a manner as to retain in their hands positive eviden ...

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