India holds a large population of auditing professionals and for them it is more than important to stay updated and within the legal and regulatory environment. Accounting framework, financial reporting and the accounting standards, tax auditing are reviewed and renewed time to time. The Companies Act of 1956 (revised in 2013) states that auditing standards issued by the Institute of Chartered Accountants of India (ICAI), and subsequently approved by the Ministry of Corporate Affairs, are mandatory for the audit of financial statements in India.
The books on auditing standards are updated to ensure that Chartered Accountants who are authorized to conduct audits are complying with applicable standards set by the institute and to ensure that audit firms have proper systems in place to comply with the applicable standards. Books such as “Chartered Accountant’s Documentation and Compliance for Audits and Reviews 8th Edition” from Wolters Kluwer, “Tax Audit Manual” by Taxman etc. sold by MeriPustak have perennial demand.
A similar situation prevails for professional accountants. For them it is important to grab practical knowledge of accounting standards, whether they are working for an Indian company or International company that have early adopted IFRS. Therefore, illustrations, practical perspective with comparison of Ind AS and AS with IFRS and US GAAP provided in the 2018 editions such as “A Practical Guide to Ind AS 115: Revenue from Contracts with Customers” from Bloomsbury India, “Guide To Indian Accounting Standards (Ind AS) from Taxman, “Indian Accounting Standards (IND-AS) Ready Reckoner 2018” from Snow White Publications etc. meet the professionals’ requirements and keep them updated.
MeriPustak researched on the categorization of the accounting and auditing books from a need-based point of few. We have shelved all the popular books with the latest editions basis of the following categories.
- Accounting professional books
- Auditing books
- Indian Accounting Standards (IND AS) books , some of the books have comparison with IFRS
- Tax Audit books
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