As auditors (or in any field) we should remain informed about current trends and issues relating...

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Accounting

As auditors (or in any field) we should remain informed aboutcurrent trends and issues relating to our practice. Share anexisting event or trend that connects to the concepts we've coveredin this lesson. For example, it may refer to management'sassertions, material misstatement, reasonable assurance, or othertopics relevant to the content. Provide a summary, as well as ananalysis of the situation and an explanation of how it relates toour studies. In your response, please include a link to an articleor video about the event or trend to learn more.

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Sir Although there are many events I would like to draw your attention to the ILFS Crisis held in India Facts ILFS was a large infrastructure investment company in India which provides finance for long term projects like dams bridges roads It arranges its financed by short term sources like corporate debt as well as long term sources like debentures I was reading its annual reports of 2year consecutive See Answer

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