Certain companies are engaged into production of inventories which require substantial period of time for getting ready for sale. These are produced in large quantities on repetitive basis. Companies usually obtain loans, etc. for financing such production activities.

Companies generally amend the terms of a convertible instrument to induce early conversion.

Companies commonly hive off or transfer some of their business operations/ segments. For example: A Company is engaged in multiple segments. It plans to transfer one operating segment on September 30, 2021. On this day, all the assets and liabilities of that operating segment would be transferred to the purchaser on a slump sale basis.

The 'Model Ind AS Financial Statements' comprises of a Balance Sheet as at 31 March 2025, Statement of Profit and Loss for the year ended 31 March 2025, Statement of Changes in Equity for the year ended 31 March 2025, Statement of Cash flows for the year ended 31 March 2025 and Notes to the Financial Statements.

Timely release, “Illustrative Auditor’s Report” applicable for FY 2024-25 & onwards, to guide auditors through the myriads of reporting requirements.

‘CARO Reporting Compilation for FY 2025’ which presents clause-wise extracts of paragraphs from the CARO reports of sample companies and highlights the key aspects of reporting.

NFRA issues a Circular on maintenance, archival and submission of audit files after noting deficiencies in audit firms’ compliance with Standards on Auditing (SAs) and Standard on Quality Control (SQC 1)

This series focuses on ‘Audit of Accounting Estimates and Judgements’, drawing auditors’ attention to the potential questions the Audit Committees/Board of Directors may ask them in respect of impairment of non-financial assets as required by Ind AS 36 and SA 540

NFRA Inspection Report of Deloitte Haskins & Sells LLP inter alia laying down key findings while acknowledging the remedial measures taken by the firm w.r.t. NFRA’s findings in the previous Inspection Report.

Exclusive excel-based timely dossier titled “CARO Checklist”, applicable from financial year 2025-26.

Taking Excerpts from the book titled "Accounting & Auditing – A Checklist Approach", we bring to you an extract of 212 Pointer checklist vis-a-vis “Ind AS-115 Revenue from Contracts with Customers”, which can be downloaded in excel format.

Taking Excerpts from the book titled "Accounting & Auditing – A Checklist Approach", we bring to you an extract of checklist vis-a-vis “SA 230-Audit Documentation”, which can be downloaded in excel format.