LearningCat: Implementation and Compliance

How NFRA is used for the Compliance and Enforcement of Accounting standards
Accounting standards are a set of written rules, guidelines, and principles used in India for the preparation of financial statements. These are used uniformly and consistently. For the compliance and enforcement of these accounting standards, the National Financial Reporting Authority (NFRA) plays an important role. What is meant by NFRA? The National Financial Reporting Authority […]
The Role of MCA and ICAI for Accounting Standards
In financial statements, accounting standards are the strength for transparency, regularity, and credibility in India. For the regulation, implementation, and formation of accounting standards, the compulsory rules are played by the Ministry of Corporate Affairs (MCA) and the Institute of Chartered Accountants in India (ICAI). This blog will provide information regarding how these two, i.e., […]