P682 - PROGRAMME
ON IND-AS (ACCOUNTING STANDARDS)
Accounting Standard (abbreviated as Ind-AS) is the Accounting
Standard adopted by companies in India. It was issued under the supervision
of Accounting Standards Board (ASB) constituted as a body in the year 1977. ASB
is a committee under Institute of Chartered Accountants of India (ICAI)
consisting of representatives from government departments, academicians, other
professional bodys viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.
ICAI is an independent body formed under an act of parliament.
Companies are required to follow
Ind-AS either voluntarily or mandatorily. Once a company follows Ind-AS, either
mandatorily or voluntarily, it can't revert to old method of accounting.
Financial statements have
incredible importance for both internal and external stakeholders. They
basically are a report card of the performance of the company. It is, therefore,
important that they are regulated and do not report misleading information. The
Accounting Standards (AS) provide us with a framework for this regulation.
To learn about recognition of
To Learn Measurement of
To learn Presentation of
financial statements in a fair manner
To learn Disclosure
requirement of companies to ensure stakeholders are not misinformed.
To learn about
reliability & comparability of financial statements
To enhance the
awareness, understanding of participants about IND-AS and increase their
principles of auditing & auditing techniques
of auditors in a life insurance company/understanding basic functions of life
of auditing standards
of Current accounting standards, IND-AS (Accounting Standards)/GAAP/ IFRS
audit and cyber frauds in Life Insurance business
requirement and auditing
System Audit of Life Insurance companies
of accounts and auditing
of companies & Embedded Value
in the cadres of AO/ADM/DM/SDM in the F&A Departments of ZO/CO (F&A)
Departments preferably Chartered Accountants. Nominations to be made by the