Foreign accounting organisations are subject to "supervision and management" by the authorities including the finance ministry and public securities bureau
Globally, regulators, rating agencies, and institutional investors have led the charge in promoting ESG investing
The primary objective of the NFRA has been to strengthen the financial ecosystem and ensure the credibility of financial statements
Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms. Besides Deloitte and EY, the other major firms are PwC and KPMG. "... Very unfortunate, very tragic, young child losing her life. We are in the client service business and in the client service business there will always be deadlines... having all of those pressures," Shetty told PTI in an interview. Anna Sebastian Perayil, who passed her CA exam in 2023 and worked at EY Pune
The revised standards deal with special considerations that apply to an audit of group financial statements
With 1059% growth, India's AA ecosystem is the fastest growing open finance ecosystem in the world
The Modi 3.0 government needs to adopt granular and tailored approach to support small businesses and promote job creations to make the economic growth more inclusive, said PwC in India Chairperson Sanjeev Krishan. Supporting the development of ancillary industries, and sharper focus on urban and rural development projects as part of infrastructure creation should be other priorities of the government, Krishan said. "Prioritising job creation and productivity improvement is crucial for the new government to ensure inclusive growth," he told PTI. He noted that over the past decade, improvements in ease of doing business (EoDB) along with better infrastructure and credit access have removed several obstacles. "What would now be important will be to support job creation/increasing trade in smaller pockets with a granular and tailored approach. Simultaneously, increasing productivity would be equally important. Regulatory support and incentivisation, including PLI schemes, can help dri
The PCAOB permanently barred the KPMG Netherlands' former head of assurance Marc Hogeboom from the industry, chair Erica Williams said
KPMG and its partner Adrian Wilcox failed to audit with sufficient professional skepticism, according to the Financial Reporting Council, which published a decision notice on Monday
Stock tanks 14% amid reports of 10x fund diversion; Sebi final order expected by mid-April
A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd
Although sales from the HTM category are still permitted, internal reclassifications can now only occur under exceptional circumstances
The company said businesses can onboard themselves with a two-step process 'without disrupting their accounting, policies, processes & banking relationships'
Furthermore, the demand for finance and accounting courses experienced a substantial growth of 40% in 2022
The Account Aggregator framework is being adopted across sectors, including in verifying the employment status of newly skilled workers
In the ICMAI CMA rank list 2023, the first four candidates topped are males and the fifth one is a female
Where valuation has overpowered value and revenue recognition is a grey area, new accounting metrics is seeing new-age ventures jump through hoops
Adani group questions report's timing, calls it malicious
The company plans to invest the funds raised in technology and scaling up business across India, US and Middle East
In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe