Audit approach under the Ind- AS regime – Article published in Taxmann

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Article by Mr. Puneet Sharma – Partner at International Business Advisors

Excerpts from the Article – “Ministry of Corporate Affairs (MCA) introduced Indian Accounting Standards, popularly known as “Ind-AS” in India in February 2015 and made it mandatory for certain class of companies to follow these standards for the preparation and presentation of Financial Statements in a phased manner commencing period beginning April 01, 2016″

“The adoption of the Ind-AS framework in India has resulted in changes not only in the way the Financial Statements are presented but also in the audit procedures carried out by the auditors while discharging their attest functions. This has necessitated the auditors to be more diligent and cognizant of new requirements while expressing their opinion on the Ind-AS Financial Statements.” To Read the full article Click here

This Article has been published in Taxmann on August 30, 2017


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