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Punj Lloyd's liquidator files complaints with NFRA against auditors

CFO News

The liquidator of debt-ridden engineering, procurement and construction company Punj Lloyd has approached the National Financial Reporting Authority (NFRA) against the auditors of the company for not cooperating to finalise the audited results of the company since FY19.

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Fund Accounting for Nonprofits & Charities

The Charity CFO

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. When you set up funds in your chart of accounts, they’ll show on your financial statements as well.

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167: Khuphukile Ndebele

CFO Talks

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. I want to get your viewpoint on the evolving role of the CFO.

CFO 40
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Do Nonprofits Use Cash or Accrual Accounting?

The Charity CFO

Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .

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Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.