S. R. Batliboi & Co. LLP

Reflecting on an incredible day of growth and innovation!   Last week, we hosted a session for newly qualified chartered accountants, and what an inspiring day it was!   Key highlights: • Over 200 ambitious professionals in attendance • Engaging talks on emerging financial technologies • Invaluable networking opportunities   A huge thank you to our leadership, dedicated participants, and everyone who made this event a resounding success. The energy and enthusiasm in the room were truly electric! Arvind Sethi Viren H. Mehta Pankaj Chadha Amit Chugh Amit Virmani Sanjeev Kumar Singhal

Strengthening Bonds, Fostering Engagement: A Day of Team Building in Pune   Last week, our Pune IIC team embarked on a full-day outing that brought together over 100 colleagues, including 5 partners. This event wasn't just about fun—it was a powerful exercise in team building and employee engagement.   The day was filled with activities designed to: - Enhance collaboration - Boost morale - Strengthen relationships across all levels   As we reflect on the success of this event, we're reminded of the importance of investing in our most valuable asset—our people. The energy, enthusiasm, and camaraderie displayed throughout the day are testament to the strong culture we're building at SRB.   We're grateful to everyone who participated and helped make this outing a resounding success. Here's to many more opportunities to grow, learn, and connect as a team! Huzefa Ginwala Sonu Alwani Suvir Khanna Nikhil Kshirsagar Tridev Khandelwal Vaibhav Gupta Sumit Agrawal Vikas Achuthankutty Harsh Agarwal   #TeamBuilding #EmployeeEngagement #CompanyCulture

Board’s Sustainability Narrative Is Auditors’ Imperative Sustainability is now a key boardroom agenda. The ESG value proposition boosts brand value and attracts investors, suppliers, employees, and customers. Boards integrate sustainability into strategies, leveraging AI and Gen AI-based ESG platforms. Governments and regulators support this with incentives. Auditors ensure ESG reporting is transparent, accurate, and reliable. They assess risks and engage with board members. Digital tools like blockchain and AI are vital for meeting ESG demands. In India, ESG reporting is becoming standard for companies raising capital. Auditors' evaluations support sustainable business practices and informed investment decisions. To read more, click here - https://lnkd.in/d-eYTxnT #Sustainability #ESG #Auditing #CorporateGovernance #SustainableGrowth

Navigating Auditing in the Era of Big Data In the dynamic landscape of the audit profession, Moore's law finds resonance as auditors adapt to the exponential changes propelled by globalization, digitization, and digital business regulations. The journey from transaction verification to digital assurance and environmental reporting reflects a decade of transformative shifts. In the age of big data, auditors are no longer confined to sample testing and ledger scrutiny. The audit profession now stands on the shoulders of vast financial and non-financial datasets, demanding a blend of technical prowess and adaptability. Auditors have become data miners and scientists, traversing through complex IT systems and unstructured data. As emerging technologies reshape the financial reporting landscape, trust and reliability demand a collective effort. Professional bodies, audit firms, corporates, and regulators must play their part in staying relevant and ensuring the continued integrity of financial reporting in this data-rich environment. #Auditing #BigData #DigitalTransformation #AuditProfession #FinancialReporting #TechnologyInAudit #DataAnalytics

Celebrating Success and Values at SRB   We are thrilled to share the tremendous success of our recent family counselling session conducted by the IIC team at SRB. This gathering brought together our incredible leaders and dedicated employees to discuss and reinforce our commitment to the value proposition for each member of our team.   The impact of this session was truly remarkable. It not only provided a platform to communicate our company values but also fostered a sense of unity and shared purpose among our talented team. The passion and enthusiasm exhibited by everyone were truly inspiring.   A heartfelt thank you to everyone for their unwavering commitment to making this event a success. Your active participation and dedication to growth and well-being are the driving forces behind our strong organizational culture.   To our amazing employees, your presence and engagement are the bedrock of our success. Your insights, questions, and enthusiasm during the session have left an indelible mark, reminding us of the incredible team we have.   As we move forward, let's continue to build on this momentum, supporting each other and working collaboratively to achieve new heights. Here's to a bright future filled with shared success and growth for all!   Huzefa Ginwala Tridev Khandelwal Vaibhav Gupta Sumit Agrawal Vikas Achuthankutty #EmployeeEngagement #CompanyCulture #Gratitude #SuccessCelebration #Teamwork

Navigating Financial Changes: Latest Ind AS Amendments! The Companies (Indian Accounting Standards) Amendment Rules, 2023, have reshaped Ind AS 1 - Presentation of Financial Statements. Out with 'significant,' in with 'material.' Discover the impact on your accounting policies. Key Changes: Material Over Significant Materiality Assessment Impact on Disclosures Why It Matters: Stay ahead in financial reporting! Explore how these amendments align with global standards and impact your accounting policy disclosures. Read the article at https://lnkd.in/dpjx8Ckt Ready to navigate the changes? Share your thoughts!

Demystifying Supplier Finance: Key Insights Discover the essentials of supplier finance arrangements in this latest article. Highlights: 1. Definition and typical features of supplier finance arrangements. 2. Key accounting considerations: balance sheet presentation, cash flow statement impact, and disclosure requirements. Recent Developments: 1. Insights into IFRIC Agenda Decision and IASB amendments. 2. Upcoming changes proposed by ICAI for enhanced disclosures. Read More - https://lnkd.in/dJmW62dg #SupplierFinance #Accounting #IFRS #FinanceInsights

Unlocking Insights in Equity Accounting: Grant Dates and IPO Conditions In our recent article, we delved into two critical issues shaping the landscape of equity accounting in a firm (Company A). Let's break it down: 1. Determination of Grant Date: Understanding the grant date is pivotal in the world of equity-settled share-based transactions. For Company A, the grant date aligns with the board's approval on March 1. It's not just a date; it's a commitment. If services kick off before the grant date, the company need to ensure accurate recognition over that period, adjusting for fair value determination. 2. Awards Vesting with IPO Condition: Embarking on a four-year journey with graded vesting, Company A introduces an IPO condition at year 4. Dive into our article to explore how this IPO condition transforms the accounting landscape. It's not just a condition; it's a game-changer. Different tranches, different treatments. Tranches 1 to 3 face expenses, IPO or not, while tranche 4 dances with the dynamics of service and performance conditions. Curious to learn more? Read the full article for a deep dive into these equity accounting nuances. Because when it comes to financial strategies, knowledge is power! #EquityAccounting #FinancialStrategies #ESOPs #IPOConditions #CompanyAInsights

Unlocking the Potential of ESOPs: Key Considerations for Promoters Employee Stock Options (ESOPs) have become a vital tool for companies, fostering employee retention and sharing in the organization's value growth. However, when it comes to issuing ESOPs to promoters, the corporate landscape becomes intricate. Our latest article delves into the nuances of ESOPs for promoters, exploring exceptions, dichotomies, and crucial considerations. Here's a sneak peek: Exception to the Rule: The Companies Act carves out an exception for start-ups, allowing ESOPs to promoters. But how does this play out when turnover surpasses INR 100 crores? Income Tax Deductibility: Currently, there's no limit on ESOPs for promoters in start-ups. What are the implications for accounting and tax authorities? Perquisite Tax: A critical yet often overlooked aspect. How does the taxability at the time of exercise impact promoters, especially if the FMV significantly exceeds the exercise price? Read the full article for insights and strategies to navigate these complexities. Knowledge is power! 💼✨ #ESOPs #Startups #Promoters #CorporateLaw #Taxation #EmployeeBenefits

Breaking Down Changes in Indian Accounting Standards Key Amendments Overview: Explore recent changes to Indian Accounting Standards (Ind AS) impacting financial reporting from April 1, 2023. The focus includes amendments to Ind AS 12 on Income Taxes and updates to Ind AS 1 and 8. Noteworthy Shifts: Discover how amendments to Ind AS 1 emphasize 'material' accounting policies over 'significant,' urging entities to reassess their disclosures for consistency. Clarity on Estimates: Updates to Ind AS 8 provide clarity on accounting estimates, defining them as "monetary amounts subject to measurement uncertainty." Stay informed! These changes aim to enhance transparency and offer valuable insights for financial reporting. #AccountingStandards #IndASAmendments