Accounting & Auditing - A Checklist Approach
- Year of Publication: 2019
- ISBN: 978-93-89335-24-8
This publication intends to assist companies and auditors in preparing and auditing financial statements in accordance with Accounting Standards (under Companies (Accounting Standards) Rules, 2006) and also those preparing financial statements under Indian Accounting Standards (under Companies (Indian Accounting Standards) Rules, 2015. Looking to the enhanced compliance scenario, the aim of this publication is not only to equip companies and auditors with the changes, but also to ensure that adequate documentation is put in place by them. The publication seeks to provide immense practical value, containing several new checklists of importance including on updated Accounting Standards, Indian Accounting Standards (including Ind AS 116 Leases that is effective from financial years beginning on or from 1 April 2019), Schedule III, Revised Standards on Auditing, CARO 2016, Audit Report formats, IFC Reporting and Revised Form 3CD clauses.
Part I of the publication deals with the accounting requirements and contains Accounting Standards (under Companies (Accounting Standards) Rules, 2006) and Companies (Indian Accounting Standards) Rules, 2015 checklists. There are also checklists dealing with Divisions I, II and III of Schedule III to the Companies Act, 2013. Part II of the publication deals with the auditing requirements and contains Standards on Auditing checklist, Revised Form 3CD checklist including the annexures, CARO checklist, ICF reporting checklist and checklist on SEBI’s regulations for principal auditors of listed groups. This publication is an attempt to ease the process of financial reporting and auditing covering the key accounting and auditing requirements through checklist.
The author is an Associate Chartered Accountant, having secured rank in CA exams, with about 18 years of extensive experience in Accounting, Audit and Assurance fields. He has worked with several diverse companies, Indian and multinational companies, on IFRS and Ind AS GAAP conversion engagements, in India and overseas, in manufacturing, telecom, real estate, shipping and logistics. He has been a member of IFRS desk/accounting technical professional practice group of a big audit firm for over 8 years. He had a working experience in London, during which he was closely associated with the IFRS standard-setting projects of the International Accounting Standards Board.
The author, an alumnus of the Indian School of Business, Hyderabad, has been serving as a special invitee for Ind AS on ICAI’s Accounting Standards Board and has been part of many study groups of the ICAI. He has authored several media articles on Accounting and Valuation and has been an eminent speaker on financial reporting and corporate governance, having conducted technical trainings.
Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.
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- Year of Publication: 2019
- ISBN: 978-93-89335-24-8
This publication intends to assist companies and auditors in preparing and auditing financial statements in accordance with Accounting Standards (under Companies (Accounting Standards) Rules, 2006) and also those preparing financial statements under Indian Accounting Standards (under Companies (Indian Accounting Standards) Rules, 2015. Looking to the enhanced compliance scenario, the aim of this publication is not only to equip companies and auditors with the changes, but also to ensure that adequate documentation is put in place by them. The publication seeks to provide immense practical value, containing several new checklists of importance including on updated Accounting Standards, Indian Accounting Standards (including Ind AS 116 Leases that is effective from financial years beginning on or from 1 April 2019), Schedule III, Revised Standards on Auditing, CARO 2016, Audit Report formats, IFC Reporting and Revised Form 3CD clauses.
Part I of the publication deals with the accounting requirements and contains Accounting Standards (under Companies (Accounting Standards) Rules, 2006) and Companies (Indian Accounting Standards) Rules, 2015 checklists. There are also checklists dealing with Divisions I, II and III of Schedule III to the Companies Act, 2013. Part II of the publication deals with the auditing requirements and contains Standards on Auditing checklist, Revised Form 3CD checklist including the annexures, CARO checklist, ICF reporting checklist and checklist on SEBI’s regulations for principal auditors of listed groups. This publication is an attempt to ease the process of financial reporting and auditing covering the key accounting and auditing requirements through checklist.
The author is an Associate Chartered Accountant, having secured rank in CA exams, with about 18 years of extensive experience in Accounting, Audit and Assurance fields. He has worked with several diverse companies, Indian and multinational companies, on IFRS and Ind AS GAAP conversion engagements, in India and overseas, in manufacturing, telecom, real estate, shipping and logistics. He has been a member of IFRS desk/accounting technical professional practice group of a big audit firm for over 8 years. He had a working experience in London, during which he was closely associated with the IFRS standard-setting projects of the International Accounting Standards Board.
The author, an alumnus of the Indian School of Business, Hyderabad, has been serving as a special invitee for Ind AS on ICAI’s Accounting Standards Board and has been part of many study groups of the ICAI. He has authored several media articles on Accounting and Valuation and has been an eminent speaker on financial reporting and corporate governance, having conducted technical trainings.
Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.
