Yogesh Sharma

There is “double accounting” for revenue, first for the construction service and later as the fee or toll charged from users.

Leasing is a common business transaction that most companies undertake. Under IFRS (International Financial Reporting Standards) and Indian GAAP ...

Hedge accounting rules under international accounting standards are being simplified and Indian standards should follow suit. Picture: Reuters

The Companies Bill requires auditors to report on internal control for all companies, and not just the listed ones.

Companies Bill provides that all schemes or arrangements (whether mergers or demergers) have to follow prescribed accounting standards.