- Inadequate disclosure of accounting policies
- Non-compliance with accrual basis of accounting.
- Change in accounting policies without adequate disclosure
- Incorrect classification of current and non-current liabilities
- Incorrect clarification of capital and revenue expenditure
- Improper valuation of Inventory
- Revenue recognition errors
- Improper depreciation accounting
- Failure to recognise known expenses and liabilities
- Failure to adjust deferred revenue expenditure
- Improper capitalization of borrowing costs
- Failure to measure Investment at fair value where required
- Incorrect accounting treatment of government grants
- Errors in accounting for foreign currency transactions
- Non-recognition of contingent liabilities
- Failure to account for prior periods items
- Incorrect recording or classification of trade discounts and rebates
- Non reporting of events occurring after balance sheet date
- Mixing personal and business expenses
- Audit
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By admin
- June 1, 2026
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