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Accounting and Auditing Update
Issue no. 49| August 2020
Key takeaways
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The topics covered in this issue are as follows:
- COVID-19: Management and audit considerations
- Accounting and financial reporting impacts of COVID-19 under US GAAP
- CARO 2020: Revamped and enhanced reporting
- Regulatory updates.
First Notes
Key takeaways
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‘Hot, off the press’ update on key accounting and regulatory developments that affect reporting for entities in India.
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Latest updates:
- Proposal for top 1,000 listed companies to adopt BRSR voluntarily for FY20-21
First Notes
Key takeaways
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‘Hot, off the press’ update on key accounting and regulatory developments that affect reporting for entities in India.
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Latest updates:
- Ind AS amendments including accounting for rent concessions and interest rate benchmark reforms
Realising blockchain’s potential
Key takeaways
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Organisations should not jump blindly into blockchain implementations without a holistic picture of risks
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To achieve the most value from blockchain, organisations must be responsible for its safety and security
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Conducting a blockchain risk assessment and addressing key risks could help leverage its efficiencies and cost-effectiveness
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Our professionals use a five-level maturity scale to assess the robustness of controls over specific activities.
Sector/LoB: KPMG International | Release: September 2018
Sector/LoB: KPMG International | Release: September 2018
Intelligent automation - Fueling next-generation
Key takeaways
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Demand for traditional outsourcing services has wavered in the advent of competing delivery models
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While outsourcing has at times failed as a source of innovation in the past, targeted opportunities exist in the future
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Successful future outsourcing models will make greater use of advanced technologies
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They will rely on a menu of standardised service offerings and differentiate themselves on how services are delivered.
Sector/LoB: SSOA | Release: August 2018
Sector/LoB: SSOA | Release: August 2018
Venture Pulse – Q3 2018
Key takeaways
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In this edition, we look at:
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The massive strength of VC markets in the U.S. and Asia
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The resurgence in the number of new unicorn companies
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Growing VC investor interest in the co-working space
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The focus on investments and partnering in autotech and urban mobility.
Sector/LoB: KPMG Enterprise | Release: October 2018
Sector/LoB: KPMG Enterprise | Release: October 2018
India’s CSR reporting survey 2018
Key takeaways
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Majority (95 per cent) of surveyed PSUs disclosed their CSR Policy and provided web-link compared to only 55 per cent during 2014-15, up by over 73 per cent.
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There has been a 10 per cent increase in Indian origin companies that have a stand-alone CSR committee during the current year, from 79 per cent during 2014-15.
Customer experience: the new operational excellence
Key takeaways
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Personalisation has the highest impact on loyalty and advocacy.
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Brands that are front runners in personalization of service stay ahead of competition
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Establishing a sense of Integrity and building trust with a brand is critical for the Indian customer
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Indian customers want their traditional in-store experience as well as the ease and convenience of an e-commerce experience.
Sector/LoB: Consumer Markets | Release: August 2018
Sector/LoB: Consumer Markets | Release: August 2018
Ind AS: Practical perspectives (NBFCs)
Key takeaways
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The new framework provides a forward looking expected credit loss framework
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The ECL norms are likely to result in enhanced loan loss provisions as they also apply to off balance sheet items
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Objective is to recognise lifetime ECL for financial instruments that have seen significant increase in credit risk since origination
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The standard also requires companies to segment their loan outstanding based on the risk profiles.
Sector/LoB: Consumer Markets | Release: September 2018
Sector/LoB: Consumer Markets | Release: September 2018