Webinar 11th March

E-Workshop - Audit for FY 2021-22 - Schedule III templates for additional requirements and disclosures including ICAI Guidance

 

You are requested to attend the Virtual Workshop on "Schedule III to the Companies Act, 2013 and CARO 2020: Preparing for the New Disclosure Requirements".

 

Date & Time: March 11, 2022 - Friday (4 pm to 7 pm) 

 

Workshop registration:

https://us06web.zoom.us/webinar/register/WN_QSIm2DT3TzmHusKp74kubQ

 

Participants are requested to join by 3.55 pm for efficient registration.

 

A]   Background

 

As you are aware, Schedule III to Companies Act, 2013 has introduced certain additional and enhanced reporting and disclosure requirements in the financial statements with effect from financial year ending 31 March 2022. Further, CARO 2020, which introduces significant new reporting requirements is also applicable from financial year ending 31 March 2022. The requirements include reporting and disclosure requirements for ageing analysis of trade receivables/trade payables/capital work-in-progress, financial ratios, promoter shareholding, subsidiaries, reconciliation of statements filed with banks for the purpose of working capital facilities with the books of accounts, diversion of funds, benami transactions, loans to promoters, end use of borrowed funds, etc. CARO 2020 contains several similar changes that would require additional reporting requirements to further enhance overall reporting by the auditors. In January 2022, the ICAI has issued Guidance Notes on Schedule III Divisions I, II and III. In this context, several clients have requested for guidance on the manner of compiling the information, the templates which can be used and the practical challenges in implementation.

 

Based on the above requests, our teams have compiled certain illustrative templates for the purpose of compiling the information, which would guide companies to adequately prepare and meet with the additional requirements and disclosures, based on the guidance provided by the ICAI. It is a matter of great interest for CFOs/Accounts Controllers/Finance & Accounts team members to understand the manner in which the information required pursuant to amendments to Schedule III and CARO 2020 can be compiled and would impact financial reporting and audit. 

 

The RSM Financial Reporting and Ind AS Leadership team conducting this workshop facilitated by senior professionals having vast Indian as well as international experience on accounting, financial reporting and auditing engagements and related issues. They have served large companies across various sectors and have actively contributed towards several standard setting/ interpretation endeavours in various technical committees of the ICAI and other professional bodies.

 

B]   Schedule

 

Time

Topic

3.55 pm – 4.00 pm    

Registration and Links Open        

4.00 pm – 4.15 pm

Overview and Keynote Address

4.15 pm – 7.00 pm

Presentation on Schedule III changes and related changes / reporting requirements in CARO 2020; Illustrative Disclosure templates and Guidance

 

Q & A Session & Concluding Remarks

 

 

If you need any further details please feel free to contact our IT Support team at Shailesh Mahale: 9987504814 / Anjan Hajra:  9987080870. We eagerly look forward to having you at this very exciting event and hope you will enjoy this webinar of contemporary relevance.

 

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