#Financial Reporting

4 articles

A chartered accountant reviewing a draft audit report and marking sections of the opinion paragraph

Qualified vs Unqualified: How Auditors Actually Decide the Audit Opinion

Qualified, adverse and disclaimer opinions can look similar from a distance but rest on different tests entirely. Here is what materiality and pervasiveness actually decide.

14 August 20267 min read

An auditor reviewing ledgers, bank statements, and financial statements at a desk stacked with files

Audit & Assurance

CARO 2020: What Auditors Actually Have to Report On

CARO 2020 asks auditors to report on far more than CARO 2016 ever did, from whistle-blower complaints to a company's ability to pay its bills next year.

14 August 20266 min read

An audit team reviewing a company's internal control documentation and process flowcharts

Audit & Assurance

Internal Financial Controls Reporting: What the Companies Act Actually Requires

IFC reporting under the Companies Act often gets treated as a checklist. It is actually a controls audit with its own risk assessment, testing and opinion.

14 August 20267 min read

A stack of financial statements and accounting standard references on an office desk

Audit & Assurance

Key Ind AS Updates Every Practicing CA Should Track This Year

Ind AS never really sits still: it keeps absorbing convergence updates. Here's what practicing CAs should be watching, and why it matters for clients.

14 August 20267 min read