In increasingly complex & high volume #data environment, use of #technology & data #analytics offers opportunities for #auditors to obtain more effective & robust understanding of entity & its environment, enhancing #quality of auditor’s #risk assessment & response

Reduction in #personal #taxes and increase in #gst may be populist but will they be economically viable?

The expectation of stakeholders from #auditors for both #statutory and #internal #audit is high. #Chartered #Accountants have to accordingly be #trained. #Professional #skill has to be enhanced. #icai #ca

During any slowdown #business #leaders should move the gear to ensure rules of basic #management are followed consistently. #Cash is king, #integrity & #values, least #waste, #efficiency across all work #processes. #Leaders build spirit of #opportunity in surviving a #slowdown.

ABCD for auditors in current scenario is #AI(Artificial intelligence)#alertness, #Blockchain #technology #Bigdata , #Cyber security #Critical assessment of audit evidence and #Data analytics #Drill down analysis #icai #ca #professional #skepticism

If all #CA’s follow the basic do’s and don’ts of the #profession, in letter and spirit,all #stakeholders will be much benefitted. #ICAI has to lead from the front and inspire its #members to go back to their #roots #icai#ca

Exchanges have asked stock brokers to mandatorily collect the entire initial margin before a trade from clients even for transactions that are not carried forward to the next day. #Nogambling #LowLiquidity #Lowriskinecosystem

Opportunities for India-based MSMEs as import of goods as gifts without payment of duty has now been prohibited except for life-saving drugs/medicines and Rakhi. #customs #gifts #ecommerce #makeinindia

The decision of #CBIC to constitute #GST grievance Redressal Committee is a great move and this will #minimise litigation and also #solve many issues faced by #tax payers.

For the #future, a combination of #skill sets is critical, the #professional #accountants should not only possess #accounting & #analytical skills but should also have #IT skills.

If #professionals want to maintain relevance to #business, they cannot take a passive position & wait till #technologies mature & are ready for widespread use, as doing this will make them ineffective.

In order to stop frivolous claims in the #realty sector, now #ordinance, requires lower of #100 home buyers or atleast 10% of allottees to approach #NCLT.

E-invoicing is a hot topic in the business world. It is a crucial time for all business enterprises. In einvoicing system, invoices will be authenticated electronically by GSTN! #einvoicing #gstn #council35thmeeting

$NCLAT reserves order over #NCLT jurisdiction to implead #auditors and has asked written submissions from #MCA to determine if NCLT has jurisdiction to initiate #Civil proceedings.

From 1st April 2020 all #Companies with aggregate #turnover of #Rs100 Crores or more have been mandated to issue #einvoice under #GST to curb tax evasion and fraudulent claims.

#BGJC brings together CXOs of top companies in a virtual #roundtable. Sharing is best learning: novel ways how they r taking on #COVID19. A Huddle with Peers

#BGJC brings together CXOs of top companies in a virtual #roundtable. Sharing is best learning: novel ways how they r taking on #COVID19. A Huddle with Peers

#book on #AUDIT of #financial #statements. Taxmann #ICAI #companies act #accountbooks #accountingstandards #Law

A great fun- lot of #activities & sumptuous #food! #bgjc. Other side of #CharteredAccountants