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 ...
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 ...
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 ...