ICAI Issues FAQ on Guidance Note for Non Corporate Financials Key Points

Описание: Recently ICAI has issued FAQs on their Guidance Note on Financial Statements of Non-Corporate Entities. In this video, we cover:

✅ Are the prescribed formats mandatory or optional?
✅ What if management prepares data as per old format?
✅ What is the responsibility of a Chartered Accountant as an auditor in such cases?
✅ Important takeaways for tax professionals and auditors

📌 Watch till end for a clear understanding of ICAI's expectations and ensure your audits and compliances are in line with professional standards.

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🔗Template for disclosure https://t.me/fintaxpro/3944

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Video timeline
0:00 Intro to session
0:52 FAQ on guidance note
2:25 Responsibility of auditor if financial statement prepare in old format
4:04 Disclsure by CA if client prepare data in old format
5:39 Format for disclosure
10:45 Outro