Taxsutra Greentick Presents Dolphy D’Souza's Webinar on “Dissecting Revised Schedule III – Key Considerations”!

Episode Duration:
90 minutes

Episode Background:
With an intent to increase transparency and provide additional disclosures to the users of financial statements, the Ministry of Corporate Affairs (MCA) vide its Notification dated 24 March 2021 substantially amended Schedule III to the Companies Act, 2013 for the following companies, (1) Companies following Accounting Standards (AS) – Division I of Schedule III, (2) Companies following Indian Accounting Standards (Ind AS) – Division II of Schedule III & (3) Non-Banking Financial Company (NBFC) following Ind AS - Division III of Schedule III. These amendments pose significant implementation and interpretative challenges, and will practically impact the lives of most Chartered Accountants, in practice as well as those from the industry. 

What shall the episode cover?
Against this backdrop, Taxsutra’s Audit & Accounting Platform “Greentick” (https://greentick.taxsutra.com) is delighted to bring to you a special episode on “Dissecting Revised Schedule III – Key Considerations” with none other than Veteran Auditor, Ind-AS Expert & Best-Selling Author Mr. Dolphy D'Souza. Dolphy has explained the amendments and provide deeper insights and interpretative guidance in his presentation, including a live Q&A session via the chat box.

Key Highlights
In this episode, the speaker has thrown light on the following key considerations vis-à-vis Amended Schedule III:

1. Its applicability
2. Balance Sheet items related disclosures -
3. Profit & Loss account items related disclosures
4. Other additional disclosures