With the advent of innovations and new technologies due to pandemic across the world, the economic environment continues to evolve. Therefore, the change becomes a new constant for organizations to reshape their business model and business processes to be aware of recent trends. Accounting is an essential element of the business process.
IFRS 9 is crucial and important especially in Covid time. This IFRS application is very testing for Companies in Covid time.
How Audits are Being Performed Remotely by Accountants During the Pandemic?
ICAI is working to develop the standards for forensic accounting and investigation (FAIS). These are expected to be completed by December 2020.
From speeding up transaction processing to gaining actionable insights to make informed decisions, every business owners are aware of several benefits of a retail POS system.
Section 135 of the Companies Act, 2013 requires the Board of Directors to constitute a Corporate Social responsibility Committee
With the advent of web-enabled communication, automation, and the cloud, the accounting industry experienced a tectonic change in the way it worked.
Ind AS 41, Agriculture is the first standard that specifically covers the Accounting and Reporting requirements for the Primary sector. Prior to this standard, there were no established guidance on Agriculture and Allied Industry.
IFRS expects every FS must be presented in the same manner so that investors spend less time in taking decision.
In this article, we are going to present the latest accounting trends which will form the trade in 2020, from rising uses of cloud to automation.