The dividend of a company has to be declared according to the Section 123 of Companies Act 2013. Recently, with an amendment to Companies (Audit and Auditors) Rules, 2014, it has been made compulsory for the auditor’s report to include comments on whether the dividend was declared or paid in compliance with Section 123 of the Act, in the financial year.
International Financial Reporting Standards (IFRS) set centralized protocols, to maintain the financial statements consistency, transparency, and comparable around the world. IFRS Standards are vital to the regulators around the world. International Financial Reporting Standards is achieving power throughout the world as a single, logical accounting framework and is positioned to stand, and provide predominant principles.
VJM & Associates LLP have worked broadly under IFRS and our expertise for IFRS is more than just a technical accounting exercise. We understand the needs to be viewed and study them as an important business priority.