US announces new sanctions on Iran
US announces new sanctions on Iran On Monday, 24th June 2019, US president Mr. Donald Trump signed and confirmed the imposition of new sanctions on Iran in its effort to [Read More…]
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Forex Swap Auction : New tool to manage liquidity by RBI
Forex Swap Auction: New tool to manage liquidity by RBI Post-NBFC crisis, the RBI has been infusing liquidity in the market using various tools. Recently,RBI announced that it has decided [Read More…]
UDIN will be mandatory for GST & Tax Audit Reports from 1st April 19
UDIN will be mandatory for GST & Tax Audit Reports from 1st April 19 UDIN ( Unique Document Identification Number ) was made mandatory after the decision was taken in [Read More…]
Non-filers Monitoring System (NMS) : Another masterstroke by Govt
Non-filers Monitoring System (NMS): Another masterstroke by Govt. The current Government is widely appreciated for its implementation of schemes to recover taxes from people. Along with demonetization and GST, the [Read More…]
Technical Clarification: Accounting for Dividend and DDT as per IndAS 32
Technical Clarification: Accounting for Dividend and DDT as per IndAS 32 ICAI recently published Technical Clarification on certain aspects. In this post, we are discussing the issues related accounting for “Dividend” [Read More…]
Congratulations Regional Council Members – WIRC : ICAI Elections 2018
Congratulations Regional Council Members – WIRC : ICAI Elections 2018 Heartiest Congratulations to the following Regional Council candidates (West Region); who are elected as the Western India Regional Council (WIRC) Members. [Read More…]
Why should RBI be independent?
Why should RBI be independent? Last month with the news of Govt. invoking Sec 7 the question on the autonomy of RBI was raised. Now with the resignation of governor [Read More…]
3 keys to a successful internal audit
3 keys to a successful internal audit Internal Audit Department is an important function of an organization. At the same time, it is one of the routine function and in my [Read More…]
Introduction to Internal Audit
Introduction to Internal Audit Introduction Internal audit is an independent function carried on with an objective of providing assurance over the internal controls, quality of operations and a consulting activity to [Read More…]
The gist of RBI Meet on 19 Nov
The gist of RBI Meet on 19 Nov The much-anticipated meeting of RBI board to discuss the conflicting views of some RBI decisions took place yesterday on 19th November 18. [Read More…]