Drafting material accounting policies (or legacy significant policies) is one of the most time-consuming and critical parts of financial reporting. It demands precision under Ind AS 1 or AS 1 standards, constant updates, and deep regulatory knowledge.
Used by 1.5L+ Tax Professionals in India
Financial reporting evolves fast. Now, Ind AS amendments demand "material" info on impactful judgments (e.g., revenue per Ind AS 115), not boilerplate lists. As such, keeping up with manual updates is no longer sustainable.
Hours spent cross-referencing Ind AS and Companies Act requirements.
Missing a single standard change can lead to audit disqualifications.
Inconsistent terminology across different client policy sets.
Spectrum Cloud’s AI is intelligently trained to understand unique business structures and reporting frameworks to create custom significant and material accounting policy.
Go from hours of drafting to complete policies in minutes. Save critical review time with ready-to-use content.
Eliminate inconsistencies. AI ensures the correct terminology aligned with latest accounting standards.
Trained on Ind AS, Companies Act, and Income Tax Act, ensuring your policies are always audit-ready.
Analyzes client data—from depreciation to revenue recognition—truly specific to their business.
| Feature | Traditional Manual Drafting | AI Policy Generator |
|---|---|---|
| Turnaround Time | 4-8 Hours per client | Under 10 Minutes |
| Update Frequency | Manual research required | Real-time Compliance Updates |
| Customization | Copy-paste templates | Data-driven Personalization |
| Audit Trail | Difficult to track logic | Smart Recommendations |
Our AI Accounting Policy Generator doesn't just draft material or siginficant accounting policies; it also provides insights. Get recommendations on best practices and alternative treatments to enhance clarity for auditors and stakeholders.
AI turns tedious documentation into a smart, automated workflow, freeing you to focus on strategic advisory, client engagement, and value-added insights.
Join 1.5L+ professionals who trust India’s #1 Cloud Tax Compliance Platform - Spectrum Cloud.
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