India’s labour law reforms mark a fundamental recalibration of how work is regulated in an increasingly digital and platform-driven economy. For corporates and legal advisors, these reforms go beyond legislative consolidation, introducing new statutory obligations, compliance risks, and governance considerations, particularly for gig and platform workers. A clear understanding of these changes is essential for businesses engaging large, flexible workforces and for legal teams advising…
In today’s rapidly evolving technological landscape, artificial intelligence (AI) is reshaping financial reporting and auditing in profound ways. While AI significantly enhances efficiency, accuracy, and analytical depth, it also introduces new layers of complexity and risk that can affect the credibility of financial information. Amid these changes, auditors play a critical role in ensuring that financial reports remain reliable, transparent, and compliant with regulatory standards,…
On 13 November 2025, the Government of India officially notified the Digital Personal Data Protection Rules, 2025, signalling the full operationalisation of the DPDP Act, 2023. With this notification, the law moves from a policy framework to an enforceable compliance regime, activating several obligations immediately while assigning phased timelines for others over the next 12 to 18 months. For businesses processing personal data in India,…
As the calendar year draws to a close, this is the ideal time for organisations to review their key compliance areas and departmental processes. With 3–4 months still left before the end of the Indian financial year, companies can identify potential gaps or non-compliances and take timely corrective action. One critical area that calls for focused attention during this period is Payroll Processing. Conducting a…
Ever wondered whether your business truly needs an audit? For many small and mid-sized companies, the answer is no — but that doesn’t mean you should overlook professional financial reporting. Meet SRS 4410 (Revised) – the ICAI standard that powers a smarter, simpler, and more efficient way to present your financials through a Compilation Engagement. What Is SRS 4410 – and Why It Matters SRS…
Taking a company public through an Initial Public Offering (IPO) is a major milestone. While much attention is given to strategic, legal, and commercial factors, financial and accounting preparedness is equally vital to ensure a smooth and successful listing process. Outlined below are the key accounting and compliance areas that companies must address before embarking on their IPO journey: 1. Preparation of Restated Financial Statements…
In the accounting profession, where accuracy, compliance, and timeliness are paramount, employee transitions can significantly impact both operations and reputation. Whether the change occurs within an accounting firm or a company’s internal finance team, managing the process thoughtfully is essential to avoid disruptions and ensure continuity. Employee movements —such as resignations, internal transfers, extended leaves, or new hires—are a natural part of any organization. However,…
As the guardians of financial integrity, Chartered Accountancy (CA) firms hold a dual responsibility — delivering expert financial guidance while safeguarding highly sensitive client information. From financial statements and tax records to business contracts and customer databases, the data the firm manages is invaluable. If mishandled, it can lead to severe consequences for clients and cause lasting damage to a firm’s credibility and trustworthiness. Why…
With March 31st around the corner, accountants in India are at the forefront of a high-stakes mission ensuring businesses close their financial year with precision and compliance. The shift into a new financial year on April 1st demands flawless planning and execution to dodge errors, penalties, and costly financial misstatements. This guide is your ultimate roadmap to navigating year-end financial compliance with confidence and ease.…
The Importer Exporter Code (IEC) is a unique 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. It is mandatory for any entity engaged in import and export activities in India to obtain this code. The IEC Code is a key identification number for businesses involved in foreign trade. This code is used for various…
