The landscape of Chartered Accountancy in India is experiencing a remarkable evolution. Once dominated by men, the profession now sees women taking center stage, comprising a substantial portion of its practitioners. Recent data indicates that every third Chartered Accountant in the country now being a woman—a stark rise from the mere 8% recorded in 2000....

Introduction: In the dynamic world of business, timely and accurate financial reporting is crucial for decision-making and maintaining transparency with stakeholders. However, amidst the rapid pace of operations, events may occur between the end of an interim financial reporting period and the date of Board’s approval, necessitating careful consideration and potential adjustments to ensure the...

Introduction Startups in Delhi NCR grapple with the daunting task of managing intricate financial operations while striving for business growth. The demands of bookkeeping, compliance, and financial reporting often become a significant burden, diverting valuable time and resources from core business activities. Enter the transformative solution of outsourcing business accounting and bookkeeping services. Entrusting these...

INTRODUCTION: In the realm of income tax regulations, Section 43B plays a pivotal role for businesses and professionals. Recently amended, this section outlines specific expenses eligible for deduction under ‘Income from business and profession.’ Notably, the amendment focuses on payments to Micro, Small, and Medium Enterprises (MSME) registered suppliers. SECTION 43B OVERVIEW: Section 43B of...

In a game-changing move, the Bombay Stock Exchange (BSE) has rolled out updated guidelines for small and medium enterprises (SMEs) eyeing a transition from the SME platform to the main board. Effective January 1, 2024, these guidelines set the stage for a more robust and transparent listing process. Key Requirements for Transition: Net Worth Criterion:Applicants...

US NPO ACCOUNTING-  A Complete Guide Not-for-profit Organisation (NPO) Accounting outsourcing is a system of recording and reporting all business transactions that are considered NPOs. It involves choosing the best accounting method, understanding compliance and tax responsibilities, and creating and reporting the figures in the appropriate financial statements. NPO’s entities focus more on the accountability...

Case Study on IFRS 9 Implementation for Credit Risk Management in Financial Services Sector In the dynamic landscape of the financial services sector, our client faced the daunting task of implementing IFRS 9 standards for effective credit risk management and impairment accounting. The adoption of these standards required a comprehensive overhaul of their existing processes and systems. The client sought a partner with deep expertise in accounting advisory services to guide them through the intricate IFRS 9 implementation journey while ensuring regulatory compliance and optimized credit risk management.  IPPC Group’s proficient Accounting Advisory team stepped in to address the client’s challenges. With a keen understanding of financial regulations and accounting standards, our experts provided the guidance needed to seamlessly transition to IFRS 9 while enhancing credit risk management practices.  1.Impact Assessment: Our team conducted a meticulous assessment of the client’s current systems, processes, and risk management strategies to gauge the impact of IFRS 9 implementation. This assessment enabled us to identify potential gaps and tailor our approach to their specific requirements.  2.Continuous Monitoring and Review: We devised a structured framework for continuous monitoring and review of credit risk exposure and impairment accounting under IFRS 9. This approach ensured that the client’s financial data remained accurate and up-to-date, supporting well-informed credit risk decisions.  3.Regulatory Compliance and External Audit: Ensuring compliance with regulatory requirements was paramount. Our experts worked closely with the client to ensure that their IFRS 9 implementation aligned with regulatory guidelines. Additionally, our team collaborated seamlessly with external auditors to facilitate a smooth and successful audit process.  At IPPC Group, our seasoned accountants possess deep insights into accounting standards and financial regulations. With a focus on delivering value to our clients, we can assist your organization in navigating complex accounting changes like IFRS 9 implementation. Our tailored solutions ensure regulatory compliance, streamlined processes, and enhanced credit risk management strategies.  IPPC Group is a leading consulting firm renowned for its expertise in risk management, compliance, and accounting advisory services. Our commitment to excellence has earned us the trust of numerous clients across diverse industries.