National Financial Reporting Authority

MCA notifies new accounting normal Ind AS 117 on ‘insurance coverage contracts’

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In a game-changing growth, the Company Affairs Ministry (MCA) has notified the much-awaited new accounting normal on ‘Insurance coverage Contracts’ (Ind AS 117), setting the stage for a serious overhaul of accounting practices within the insurance coverage business.  The brand new Accounting Commonplace (Ind AS 117), which might be relevant from April 1, 2024, would … Read more

India commits to international greatest practices for accounting and auditing, says MoS Company Affairs Rao Inderjit Singh

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The Centre is dedicated to selling a clear monetary reporting regime that adheres to international greatest practices, Rao Inderjit Singh, Minister of State for Company Affairs mentioned on Wednesday. “Everyone knows that clear monetary reporting performs a pivotal position in enhancing investor confidence and facilitating capital move into the Indian financial system. We’ve witnessed this … Read more