Knowledge Sharing Webinar, Friday 16 July 2021: 3.30 pm to 6.45 pm) on "Recent Changes – Schedule III to the Companies Act, 2013 and CARO 2020"
Keynote Speaker: Mr. Pavan Jain (Senior President, Corp. Finance - Grasim Industries Limited).
To be conducted by: RSM India experts in Financial Reporting and Ind AS leadership team
Registration link: https://zoom.us/webinar/register/WN_yXuf9A6RR0W17pesdrAvBA
Registrations are open for all, however, we request the participants to pre-register themselves by clicking on the above link (the registration link is already active). Further, after registration, we request you to join the session at 3:25 pm to ensure conduct of webinar on time.
Summary
We take great pleasure in inviting you for a Knowledge Sharing Webinar on "Recent Changes – Schedule III to the Companies Act, 2013 and CARO 2020" being organised by us on 16th July 2021 – Friday (3.30 pm to 6.45 pm). As you are aware, recently, Schedule III has been amended to introduce certain enhanced disclosures in the financial statements. These amendments are effective from 1 April 2021. Further, CARO 2020 shall also apply for financial year ending 31 March 2022. It is a matter of great interest for CFOs/Accounts Controllers/Finance professionals to understand the manner in which the amendments to Schedule III and CARO 2020 would impact financial reporting and audit. The Webinar would be hosted by our in-house experts in Financial Reporting & Ind AS. The Keynote speaker for the session is Mr. Pavan Jain (Senior President, Corp. Finance - Grasim Industries Limited).
The RSM Financial Reporting and Ind AS leadership team conducting this session comprises of 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.
A] Background
Schedule III has introduced certain enhanced disclosures in in the financial statements including promoter shareholding, disclosure on subsidiaries, reconciliation of statements filed with banks for the purpose of working capital facilities with the books of accounts, money laundering, benami transactions, loans to promoters, end use of borrowed funds, etc. These disclosures are in line with the disclosures with the reporting required in CARO 2020, that was issued in February 2020, which is applicable for statutory audits of financial statements for financial year ending 31 March 2022. CARO 2020 contains several similar changes that would require additional reporting requirements to further enhance overall quality of reporting by the auditors
We at RSM India Group, have always been focusing on regular sharing of knowledge relating to latest developments to our esteemed clients through various means viz. newsletters, white-papers, publications, knowledge sharing sessions, webcasts, etc. The captioned Knowledge Sharing Webinar is one such event aimed at enabling a good understanding of the aforesaid aspects and we look forward to your active participation.
B] Schedule
|
From (pm) |
To (pm) |
Particulars |
Presenter |
|
3.25 |
3.30 |
Registration and Links Open |
|
|
3.30 |
3.45 |
Welcome and Overview |
Dr. Suresh Surana |
|
3.45 |
4.15 |
Financial Reporting Changes – The CFO Perspective |
Mr. Pavan Jain – Senior President, Corp. Finance- Grasim Industries Limited |
|
4.15 |
6.30 |
Presentation on Schedule III changes and related changes / reporting requirements in CARO 2020 |
RSM Financial Reporting and Ind AS leadership team |
|
6.30 |
6.45 |
Q & A Session & Concluding Remarks |
We eagerly look forward to having you at this very exciting event and hope you will enjoy this webinar of contemporary relevance.