The regulatory environment in India is governed by various statutory authorities. In today's parlance corporate enterprises have to comply with provisions of Companies Act, 2013, Accounting Standards (AS), Indian Accounting Standards (Ind AS), ICAI pronouncements and Income Computation and Disclosure Standards (ICDS). Also to meet the challenges of ever changing business environment, notifications related to amendments to each of these constituents keep coming up from time to time. Accordingly, the level of financial reporting over the last few years has gone through a metamorphosis of change and ushered in a whole new level of complexity.
With a view to address this, the present book with all the latest updates aims to provide entire gamut of statutory laws, Accounting Standards and Guidance Notes of ICAI, applicable to corporates at one place while presenting financial statements. The book also incorporates inter linkages, comparisons, illustrations, diagrams, flow charts and summaries.