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A large number of companies (almost all public interest entities) are now required to comply with Indian Accounting Standards (Ind-AS). Many companies are voluntarily adopting Ind-AS. With the implementation of Ind-AS the requirement of various disclosures has increased significantly. Notes to accounts and disclosures are extremelyimportant to decipher the financial numbers. During my tenure as
The Indian Accounting Standards (Ind-AS) have been successfully implemented in India in a staggered manner since 2016. During the last couple of years new Ind-AS “Revenue for Contracts with Customers” and “Leases” have also been introduced. Every year new companies satisfying the required criteria implement Ind-AS. To assist companies and their auditors in ensuring that
CARO Reporting requires as microscopic evaluation as it requires a pervasive approach, it is an antithesis in itself! On this interesting subject, it would definitely lend a helping hand, if reporting carried out by companies from varied industry was available handy. As a Chairperson with Corporate & Allied Laws Committee with the WIRC, along with
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CA Vishal Doshi 