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Accounting & Auditing- A Checklist Approach (3rd Edition)

Accounting & Auditing- A Checklist Approach (3rd Edition)

by Santosh Maller
Accounting & Auditing
About Book:

Auditing is becoming an increasingly complex and onerous profession requiring ensuring compliances with various regulations and financial reporting requirements with regular updates in Accounting Standards, Standards on Auditing, multiple changes in the provisions of Companies Act, 2013, Revised Form 3CD, Revised SEBI LODR requirements, internal financial control reporting requirement and numerous laws and regulations and reporting requirements. With expanded regulatory scrutiny on the financial statements’ disclosures by companies as also the audit reports and effectiveness of the audit process, and with several new changes coming up in accounting standards and auditing standards, on a regular basis, ensuring compliance with important regulatory pronouncements is becoming an increasingly difficult task.

This publication intends to assist companies and auditors in preparing financial statements in accordance with Accounting Standards and Indian Accounting Standards. The publication also seeks to provide immense practical value, containing several new checklists of importance including on updated Accounting Standards, Indian Accounting Standards, Schedule III, Revised Standards on Auditing, CARO 2016, CARO 2020, 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 2020 checklist, ICF reporting checklist and checklist on SEBI’s regulations for principal auditors of listed groups.

Part III of the publication deals with the impact of COVID-19 on Accounting & Auditing. There is a separate chapter dealing with the financial reporting aspects of COVID-19 that need to be considered by companies under Accounting Standards and under Indian Accounting Standards, followed with extracts from annual reports of leading companies A separate checklist deals with audit considerations due to COVID-19. Further for ease of readers, author has given a separate chapter on extracts from audit reports (having COVID-19 issues) of leading company.

Categories: Audit & Accounting
Publisher: Bharat Law House Pvt Ltd
About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Author: Santosh Maller
About Author:
Santosh Maller :

The author is an Associate Chartered Accountant, having secured rank in CA exams, with about 16 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 has had a stint in London, during which he was closely associated with the IFRS standard-setting projects of the International Accounting Standards Board, such as, revenue, leases and financial instruments. The author has been serving as a special invitee on the 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 and technical trainer on financial reporting and corporate governance. The author has also authored several other books on Ind AS and taxation.


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Ratings and Reviews

Overall Rating
Review
Accounting & Auditing
About Book:

Auditing is becoming an increasingly complex and onerous profession requiring ensuring compliances with various regulations and financial reporting requirements with regular updates in Accounting Standards, Standards on Auditing, multiple changes in the provisions of Companies Act, 2013, Revised Form 3CD, Revised SEBI LODR requirements, internal financial control reporting requirement and numerous laws and regulations and reporting requirements. With expanded regulatory scrutiny on the financial statements’ disclosures by companies as also the audit reports and effectiveness of the audit process, and with several new changes coming up in accounting standards and auditing standards, on a regular basis, ensuring compliance with important regulatory pronouncements is becoming an increasingly difficult task.

This publication intends to assist companies and auditors in preparing financial statements in accordance with Accounting Standards and Indian Accounting Standards. The publication also seeks to provide immense practical value, containing several new checklists of importance including on updated Accounting Standards, Indian Accounting Standards, Schedule III, Revised Standards on Auditing, CARO 2016, CARO 2020, 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 2020 checklist, ICF reporting checklist and checklist on SEBI’s regulations for principal auditors of listed groups.

Part III of the publication deals with the impact of COVID-19 on Accounting & Auditing. There is a separate chapter dealing with the financial reporting aspects of COVID-19 that need to be considered by companies under Accounting Standards and under Indian Accounting Standards, followed with extracts from annual reports of leading companies A separate checklist deals with audit considerations due to COVID-19. Further for ease of readers, author has given a separate chapter on extracts from audit reports (having COVID-19 issues) of leading company.

Categories: Audit & Accounting
Publisher: Bharat Law House Pvt Ltd
About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Author: Santosh Maller
About Author:
Santosh Maller :

The author is an Associate Chartered Accountant, having secured rank in CA exams, with about 16 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 has had a stint in London, during which he was closely associated with the IFRS standard-setting projects of the International Accounting Standards Board, such as, revenue, leases and financial instruments. The author has been serving as a special invitee on the 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 and technical trainer on financial reporting and corporate governance. The author has also authored several other books on Ind AS and taxation.

Similar Books

Ratings and Reviews

Overall Rating
Review
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