Strong internal financial controls are crucial for businesses, not just for compliance, according to the ICAI President. He emphasized that...

India's market regulator has rejected Anil Ambani's settlement bids concerning allegations of misusing nearly $700 million in company funds...

Goods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...

India's ambition for a globally competitive audit sector faces hurdles, with local firms struggling to match multinational rivals. While pr...

Morgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt...

As businesses generate larger volumes of financial and operational data, tax functions are becoming an unexpected proving ground for AI pro...

India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisatio...

Despite mandatory auditor rotation, India's largest audit firms are consolidating their dominance, auditing 66% of Nifty 500 companies. Gra...

India's Comptroller and Auditor General and Israel's Supreme Audit Institution have inked an MoU to boost public sector auditing cooperatio...

India's CAG and Israel's State Comptroller have inked a pact to boost public sector auditing through knowledge sharing and best practices. ...

Businesses are facing hefty AI bills, prompting a shift from simply counting AI tokens to scrutinising their actual value. Companies are no...

A breakaway faction of the Trinamool Congress, led by Ritabrata Bandopadhyay and claiming support from 64 MLAs, has formed a new 30-member ...

The Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments t...

Sebi has greenlit buyback flexibility for companies, reintroducing open market options via exchanges from August 1. Mutual funds gain relax...

Digital gold providers are enhancing transparency with independent audits and vault checks, aiming to build trust as the sector serves 80 m...

This is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...

The Comptroller and Auditor General of India has issued a cautionary note regarding the surging state subsidies that are beginning to weigh...