Checklist of Accounting Standard (AS) Compliance
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Every business in India has to adhere to a given set of Accounting rules & regulations set by the Accounting Standards Board (ASB). These standards were formulated keeping in mind the diverse accounting practices across India and hence the need for effective corporate governance.
The Checklist of Accounting Standard (AS) Compliance feature in Tally.ERP 9 Auditors' Edition lists all the accounting standards as per the ASB, and Auditors can evaluate their clients adherence to various accounting parameters.
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This can help the clients to ensure that the accounts prepared provide a fair view as required by the statutes like The Companies Act, etc. to take informed economic decisions.
Benefits:
• A ready-to-update Accounting Standard checklist for Auditors
• Advisory scope for the Auditors to counsel their clients on adherence to AS
• Easy for the Auditors to run through the checklist and select the AS which their clients are
eligible to follow
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