Uniqus Views
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Category: Uniqus Views
Executive Summary Earlier this year, the RBI issued a DP on provisioning as per the ECL approach which was largely acknowledged as a paradigm shift in how banks in India were required to provide for financial...
Overview The Securities and Exchange Commission issued new private fund advisers rules and amendments under the Investment Advisers Act of 1940 (“Advisers Act”) to enhance the regulation of private fund...
SEBI’s July 2023 circular enhances ESG reporting for listed entities, emphasizing assurance, value chain disclosures, and aligning with global standards to protect investor interests.
Uniqus' latest publication examines the RBI's measured approach to the Expected Credit Loss (ECL) framework, balancing international standards with India's economic growth and regulatory transition.
Companies vary in accounting for platform development and technology costs, with differing approaches under Ind AS/IFRS vs US GAAP. This publication explores key considerations.
INTRODUCTION The International Sustainability Standards Board (ISSB), on 26 June 2023 issued two IFRS Sustainability Disclosure Standards – IFRS Sl on disclosures of Sustainability-related financial...
The Federal Tax Authority has issued the Federal Decree Law No. 47 of 2022 on “Taxation of Corporations and Business” (the “CIT Law”) which levies a form of direct tax on corporations and business profits...
The Ministry of Corporate Affairs notified Companies (Ind AS) Amendment Rules, 2023, effective from 1 April 2023, impacting entities reporting under the Ind AS framework.
With rising use of non-GAAP measures, regulators like SEC and SEBI focus on KPIs in offering documents. This publication analyzes and shares our perspective.
The exposure draft offers guidance on transferring capital reserves to free reserves, addressing triggers and clarifying the use of reserves under Indian accounting standards.
India’s mutual fund industry, now with ₹39.46T AUM, adopts Ind AS from April 2023. SEBI mandates new financial statement formats and detailed disclosure requirements.
RBI's DP proposes IFRS 9-aligned ECL guidelines for banks. Uniqus shares insights based on global experience, addressing key implementation issues and offering regulatory feedback.
The proposed approach in the DP on ECL is principlesbased along with regulatory backstops, wherever necessary. The DP seeks to cover all scheduled commercial banks and covers most financial assets within...
Proposed Ind AS 1 amendments clarify liability classification, remove carve-outs, and address covenant breaches and convertible debt to align with global financial statement principles.