Without weighing in on when — or if — the Securities and Exchange Commission will incorporate international financial reporting standards (IFRS) into the financial reporting system for U.S. issuers, the SEC has staff issued a paper that sheds some light...

Among recent significant developments in the Corporate World are the Adoption/ Convergence to the International Financial Reporting Standards (IFRS). Although due to Recession, the senior management’s focus was temporarily diverted, but gradually with the revival of economy, this issue has...

One of the most lucrative options for CA Firms is to get empanelled and conduct Audits of PSU. But one issue which has barely been properly addressed is that how can a CA Firm get empanelled and what is the...

IIM aspirants will not have to wait for a Graduation Degree anymore as IIM Indore has launched a Integrated 5 year Post Graduate Diploma in Management with the eligibility for the same being Class 12th. It will be a 3...

Warren Buffet is undoubtedly the best man when it comes to making Investments. It is popularly said that his hands have a Midas touch and whichever investments he makes; it earns him a healthy profit. As per Forbes, Warren Buffet’s...

In order to streamline the period of Validity of Registration for CPT, PCC/ IPCC and CA Final , the Council of ICAI at its 303rd Meeting held on February 10, 2011 decided as under: CPT Students: Initial Registration for CPT ...

A new trend that has been observed of-late is that more and more entreprenuers have started opting for Limited Liability Partnerships. But What is a Limited Liability Partnership? Before answering this question we’ll explain you reasons behind the emergence of...

With India deciding to converge with IFRS and not Adopt IFRS, Ind-AS is certainly the way forward for Indian Companies. In simple terms, Convergence with IFRS means that India would not be applying the IFRS as issued by the International...

Ministry of Corporate Affairs (MCA) had revised Schedule VI of Companies Act, 1956 and notified the same on 1st March 2011.  The refreshed Schedule VI shall apply to all companies from 1st April 2011 onwards. The revised Schedule VI introduces...

Human Resource Accounting is the process of identifying and measuring data about Human Resources and communicating this information to the interested parties. It is an attempt to identify and report the Investments made in Human Resources of an organisation that...