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SUMIT SETH
A new way of recording revenue comes into force: Will it hurt?Ind AS compliant entities will have to now adopt the new Ind AS 115.04 Apr, 2018, 05.52 PM IST- Integrating GST impact under new accounting standards a tough call for accountantsAccording to a recent research, Indians companies saw their revenues jump by about 7% after moving to the Ind AS system. But under GST, the...02 Aug, 2017, 01.58 PM IST
- Hockey India League player auction ends on a high noteRanchi Rays paid $99,000 and $75,000 for midfielder Gurbaj Singh and forward Christopher Ruhr.16 Nov, 2016, 10.13 PM IST
- Pharma companies benefit, infrastructure lose out due to Ind ASAll Indian companies with a net worth of Rs 500 crore or above have to prepare their accounts as per Ind AS, which is based on internationa...23 Sep, 2016, 07.54 AM IST
- Pharma companies benefits, infrastructure cos lose out due to new accounting standards: PwC research“Taxes, financial instruments (including derivatives) and revenue recognition continue to be the top 3 significant areas of adjustment aris...22 Sep, 2016, 06.54 PM IST
- Companies with over Rs 500 crore net-worth need to toe new accounting rulesCompanies with a net-worth of Rs 500 crore or more will have to follow the new Indian Accounting Standards (Ind AS) from April 1.31 Mar, 2016, 05.13 AM IST
- Over half of India Inc not ready for Ind AS implementation: PwCWith less than a fortnight left for formal adoption of Indian Accounting Standards, over half of the companies aren't ready for the transit...20 Mar, 2016, 12.32 PM IST
- 10 public sector banks with 8% NPAs each account for over half the total bad loansThe good news for investors is that since these troubled companies are in manufacturing, there is hope that the businesses can again be bro...23 Feb, 2016, 12.28 PM IST
- BFSI, retail, pharma to be impacted most by Indian Accounting Standards: SurveyThe switch to Indian Accounting Standards (Ind AS) will impact companies the most in financial services, retail and pharma sectors even as ...05 Feb, 2016, 05.53 PM IST
- Far reaching implications of Ind-AS on banks and financial institutions: AnalystsIndustry trackers say that while some companies would suddenly look more profitable others could see huge holes in their profits—all thanks...19 Jan, 2016, 01.12 PM IST
- ICAI issues guidance note on internal financial controlsICAI has issued detailed guidelines on audit of internal financial controls over financial reporting as required under the new companies la...15 Sep, 2015, 11.08 PM IST
- High-level committee to look at more changes in Companies ActProvisions related to intercorporate loans, managerial remuneration etc are likely to be taken up by a high-level committee.26 Jun, 2015, 05.07 AM IST
- ICAI provides clarity on auditor's fraud reporting normsThe Institute of Chartered Accountants of India has said that such reporting needs to be done only if such frauds would have a material imp...15 Mar, 2015, 01.02 PM IST
- New Companies Act: Auditors ask companies to keep their books in order before April 2016Under the new Companies Act, the board of directors and the auditors will be held responsible for fraud or discrepancies in company operati...06 Feb, 2015, 04.40 AM IST
- Cabinet, Revenue, Defence, Telecom secretaries in race to become next CAGFour senior government officials are in the running to succeed Vinod Rai, the current CAG, who retires in May this year.18 Feb, 2013, 08.16 AM IST
- Committee of secretaries to meet on Tuesday to check trade data errorsA committee of secretaries including cabinet secretary Ajit K Seth, revenue secretary Sumit Bose and commerce secretary SR Rao will meet on...28 Jan, 2013, 07.48 PM IST
- Repo effect: Car loans to be dearerThe repo rate hike by RBI is likely to hit car sales as banks are considering to increase interest rates on retail financing. Cars of the f...13 Jun, 2008, 03.20 PM IST
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