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Top Stories & Updates on Accounts & Audit

AS 2: Tank farm costs to be included as inventory cost in Oil and petroleum industry
14 July 2020
ITAT remanded matter to verify whether interest subsidy on loan taken to set-up P&M was capital receipt
14 July 2020
AS 10: Schedule II specifies only useful life of the assets; not depreciation method
13 July 2020
Unbilled Revenue - Accounting and GST Treatment
10 July 2020

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Synopsis on Auditor’s Reporting Key Audit Consideration issued by ICAI Apurva Maheswari
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A Brief Note on the ICAI – Guideline on Physical Inventory Verification – Amid COVID-19 Apurva Maheswari
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Impact of Covid-19 on Financial Contracts Richa Saraf
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ICAI proposes more robust Share-based payment guidance for Indian GAAP entities Santosh Maller
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ICAI proposes a comprehensive GN on accounting in e-commerce and cloud services Santosh Maller
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Whether Additional Claim Can Be Made By Assessee In Response To Notice u/s 153A of The Act? Nehal Shah
Vice President Taxation, G.K. Choksi & CO. , Chartered Accountants
Pandemic and Financial Reporting Pradeep S. Shah
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Re-opening of Books of Accounts – A Study Based on Case Law Raju Paul
FCS

IASB proposes relaxations in lease accounting amidst COVID-19 Santosh Maller
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