America’s IFRS Implementation Plan may change FASB’s Role

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...

Read More
Role of Internal Auditors in Transition to IFRS

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...

Read More
How can a CA Firm get empanelled and selected as Auditors of PSU

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...

Read More
Now get Admission into IIM directly after Class XII

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...

Read More
Warren Buffet’s Investing Style: Invest like a Girl

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...

Read More
Revalidation of CPT, IPCC & CA Final Registration

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 ...

Read More
What is a Limited Liability Partnership (LLP)?

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...

Read More
Ind AS – The Indian Desi Version of IFRS

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...

Read More
Changes in Schedule VI – Old vs New (Revised)

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...

Read More
What is Human Resource Accounting?

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...

Read More