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Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
KPMG and Deloitte, the two firms entrusted by the new three-member board of Satyam Computer Services to audit the company’s accounts, are not allowed to do audit work in India —a point that has not escaped the attention of the Institute of Chartered Accountants of India (ICAI), the regulatory body for accountants in the country. […]
Big 4 Auditors and their brief details The Big Four are the four largest international accountancy and professional services firms, which handle the vast majority of audits for publicly traded companies as well as many private companies. The Big Four firms are shown below, with their latest publicly available data:
Corporate India is not prepared to cope with a security incidence in case they are caught in a terrorist attacks or are faced with an unconventional threat. Organisations can no longer treat organisational security as a mere administrative issue. A latest KPMG survey report has pointed out to the fact that gaps exists in the […]
A fortiori – With even stronger reason; More conclusively; All the more so. A posteriori – From what comes after. (From effect to cause) A priori – From what comes before. (Reasoning from cause to effect) Ab abusu ad usum non valet consequentia – Consequences of abuse do not aply to general use. Ab extra […]
India always got an Overweight Rating as compared to its Emerging Market Peers from FII’s Backed by its good corporate Governance (!!!) But the Biggest scandal(so called event from Satyam) among the indian corporates raised major questions about the auditing practices and principles that they were following at the moment.Moreover these auditing works are carried […]
Qualified professionals of Indian origin, including doctors, dentists, pharmacists, engineers, architects, lawyers, chartered accountants can practise in India, Prime Minister Manmohan Singh said on Thursday, while inaugurating the 7th Pravasi Bharatiya Divas. “The Overseas Indian Citizenship Scheme, which had been announced in 2006, has elicited an overwhelming response. I am therefore happy to announce that […]
The Orissa government is mulling to raise the exemption limit for the payment of electricity duty for small scale industries (SSIs) to 25 mw from 5 Mw stipulated in the Industrial Policy Resolution (IPR), 2007. It is proposed to be made a part of the micro, small and Medium Enterprise (MSMEs) Development policy being finalised […]
In the aftermath of the Satyam fiasco, like in any other scam, questions are raised about how to avoid one the next time. In this backdrop, chief financial officers and experts reckon that changing the auditor every four years, as is an international practice, could be the way out. M Damo-daran, former Sebi chief, in […]
Government will consider “topping up” the stimulus packages for the industry reeling under the impact of global downturn, Commerce and Industry Minister Kamal Nath said on Monday. “There are sectors not doing well and we are addressing those sectors by ensuring liquidity…perhaps another relief package for them which puts them in a level playing field […]
Shaken by the alleged “inaction” of Satyam Computer’s auditor Price Waterhouse, the Institute of Chartered Accountants of India is planning to push for a cap on the tenure of a company’s auditor. The institute is also looking into the possibility of issuing guidance to its members on “compulsory verification” if a company’s cash and bank […]
