CAclubindia Articles

Appointment of KMP in a Company

Posted by Ishita Ramani 03 January 2024 3834 Views

In this article, first, we will discuss the definition of KMP and then the process of designating a KMP.

Navigating E-commerce TDS: A Detailed Guide

Posted by CA Kunal Jain 02 January 2024 4380 Views

The latest circular on TDS (Tax Deducted at Source) for online transactions brings some key clarifications. Don't get lost in the technical jargon - This detailed guide simplifies it all!

A Comparative Study of Ind AS 8 and AS 5

Posted by CA Rakesh Ishi 02 January 2024 4786 Views

A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ...

Statutory Tax Compliance Tracker - January 2024

Posted by CS Lalit Rajput 02 January 2024 10211 Views

Statutory Tax Compliance Tracker fior the month of January 2024

Importance of balancing risk and opportunity in the context of AI and Accounting

Posted by Aashok Kumar Sharma 02 January 2024 1414 Views

In 2024 and onwards, AI will become a significant player in various industries, including accountancy. Accountants must manage the potential impact of AI, especially in client data security and the reliability of AI tools.

Actuarial Valuation Insights: Gratuity Accounting Provision

Posted by Radhika Teredesai 02 January 2024 3732 Views

Helps Audit Professionals in ensuring compliance with accounting standards like AS -15 (R), Ind AS 19 | IAS 19 | US GAAP which mandate the use of Actuarial Valuation methods for provisioning for Long Term Employee Benefits.

GST implications - Reimbursed Electricity Charges

Posted by CA Roopa Nayak 01 January 2024 11732 Views

BackgroundIn recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, c...

Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

Posted by CA Rakesh Ishi 01 January 2024 4716 Views

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M...

12 Risks and Dangers of Artificial Intelligence (AI)

Posted by Aashok Kumar Sharma 01 January 2024 2410 Views

AI's potential dangers are increasing as it becomes more sophisticated and widespread. Geoffrey Hinton, the "Godfather of AI," and tech leaders like Elon Musk have urged a pause on large AI experiments

NFRA Flags Lapses in Walker Chandiok Audit Practices, Raising Concerns for Grant Thornton Network

Posted by CA Aman Rajput 01 January 2024 1854 Views

A recent inspection report by the National Financial Reporting Authority (NFRA) of India has thrown the spotlight on audit firm Walker Chandiok & Co LLP (WCCL), a member firm of the global Grant Thornton network.