Continuing with the series of Voices on Reporting special sessions, this session focused on the technology sector. We discussed some of the significant accounting implications arising due to recent developments in financial reporting requirements, with the help of practical examples and case studies.
Some of the topics that were discussed in this session are as follows:
- Accounting for software development cost under the waterfall method and agile method
- Key implementation issues arising from the Companies (Auditor’s Report) Order, 2020 (CARO 2020)
- Clarifications on recent amendments to Schedule III of the Companies Act, 2013.