Greentick Dialogues – Decoding Key NFRA Decisions from an Auditing Lens!

Episode Duration:

60 Minutes

Episode Background:

To recap, in the earlier month we brought you an informative session with Dr. Anand Banka on the topic of "NFRA Decisions – Key Learnings from an Accounting Perspective " in which the speaker threw light on key 'accounting' learnings vis-a-vis NFRA Orders, on disclosures such as trade receivables, expected credit losses, credit risk exposure (Ind AS 107), loans to related parties, disaggregation of revenue, interest on borrowings (classified as NPA) & much more! 

What shall the episode cover?

With an endeavor to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.com) is back with its exclusive “subscriber-only” thought leadership series titled “Greentick Dialogues” (where renowned accounting & auditing experts share their views/insights on burning accounting issues/controversies). In order to provide you with a full rounded view on the subject (i.e. both from an accounting as well as an auditing perspective), this time, we bring to you an episode on “Decoding Key NFRA Decisions from an Auditing Lens" with Accounting & Auditing Expert Mr. Santosh Maller (Chartered Accountant).

Key Highlights:

Over the course of this episode, Mr Maller :

• Decoded some of the key decisions issued by NFRA 
• Highlighted key learnings that auditors and professionals can take away from those decisions particularly from an auditing standpoint
• Threw light on the way forward