Greentick Dialogues: Anatomizing Changes in Accounts and Audit Rules!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 Minutes
Episode Background:
The Ministry of Corporate Affairs (MCA) has made some critical and important changes to Companies (Accounts)s Rules and Companies (Audit and Auditors) Rules. These changes deal with the use of accounting software for maintaining books of accounts which has a feature of recording audit trail, and the requirement to maintain daily back-ups of books of accounts. The law has also cast an onerous responsibility on the Auditors to report on the same. Against this backdrop, ICAI recently brought out an “Implementation Guide on Reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014” with an aim to provide guidance on matters relating to audit trail. ICAI has not yet provided any guidance on matters relating to daily back-ups.
What shall the episode cover?
With an endeavour to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.
Over the course of this episode, Mr. D’Souza has, (i) decoded the changes in Accounts and Audit rules (ii) shared his unique perspective and analysis on what this means for accountants and auditors (iii) provided interpretative guidance on some key niggling issues.
This episode is relevant for - Finance Controllers, CFO's, Auditors, Accounting and Auditing Professionals, Regulators, Independent Directors, etc.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 Minutes
Episode Background:
The Ministry of Corporate Affairs (MCA) has made some critical and important changes to Companies (Accounts)s Rules and Companies (Audit and Auditors) Rules. These changes deal with the use of accounting software for maintaining books of accounts which has a feature of recording audit trail, and the requirement to maintain daily back-ups of books of accounts. The law has also cast an onerous responsibility on the Auditors to report on the same. Against this backdrop, ICAI recently brought out an “Implementation Guide on Reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014” with an aim to provide guidance on matters relating to audit trail. ICAI has not yet provided any guidance on matters relating to daily back-ups.
What shall the episode cover?
With an endeavour to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.
Over the course of this episode, Mr. D’Souza has, (i) decoded the changes in Accounts and Audit rules (ii) shared his unique perspective and analysis on what this means for accountants and auditors (iii) provided interpretative guidance on some key niggling issues.
This episode is relevant for - Finance Controllers, CFO's, Auditors, Accounting and Auditing Professionals, Regulators, Independent Directors, etc.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
