Featured insights
The same month, measured five ways
The same month’s revenue can be measured five ways, each of them defensible. Put them under one label in different meetings and people stop trusting the reports.
Read the articleFive legitimate answers to “What was revenue in March?”
Illustrative company, the same month measured five ways, ₹ crore
Illustrative figures. Each measure is valid for its own purpose; the problem is presenting them interchangeably without a definition.
Source: SA&A analysis
Soni Aditya & Associates
Most of the problems we are asked to solve were decided long before anyone noticed them, in a contract clause or a structure chosen in a hurry.
Client impact
Recent engagements, and what changed once they were done.
Gross trade receivables covered by the model
A listed Saudi Arabian IT services company kept running into auditor challenge over its credit loss provision. A rebuilt IFRS 9 model resolved every query in the reporting period.
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Reduction in recurring cash shortages by the third iteration
A fuel retail network with heavy daily cash volumes and very few systems had come to accept cash discrepancies, and could see its numbers only after month end.
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SPVs converted to Ind AS at the same time
A renewable energy group came within the scope of Ind AS with fixed audit deadlines and a finance team that had never reported under IFRS-based standards.
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Entities consolidated, including subsidiaries and associates
A group sold a controlling stake in part of its business during the year, turning a routine consolidation into a sequence of remeasurements across subsidiaries and associates.
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Legal entities brought onto one readiness calendar
A manufacturing group with government tenders, contract manufacturing, and international joint ventures had missed statutory deadlines and paid penalties year after year.
Read the caseThe Audit-Ready Company
An audit turns on five areas of the business. The series takes each in turn, and the diagnostic shows where a company stands in each of them.
- 01Accounting judgementsCredit loss models and the memos that support themRead
- 02Leases and contractsModifications, variable payments, and discount ratesRead
- 03Close and reconciliationsA close designed around dependencies, not habitRead
- 04Controls and audit trailEvidence that the edit log worked all yearRead
- 05Group structureConsolidation through changes in controlRead
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Aditya Soni
Founding Partner, Pune
Advises companies and families on financial reporting, audit readiness, group structure, and tax. Previously in the Assurance practice of Ernst & Young in Pune.