Assurance EYe – Reporting insights

This publication aims to provide an overview of emerging relevant topics in financial accounting and reporting, accounting solutions and a summary of key regulatory updates.

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Assurance EYe provides insights to interest and inform the core management and finance function of companies. This publication examines ways to deal with the increased challenges of financial reporting and provides "stop and think" moments for business leaders charged with governance.

With heightened organizational complexity and demand for information posing significant challenges to effective corporate reporting, there is a continuous rise in responsibility for the board and the finance function as a whole. Many recent regulatory and accounting changes are adding to the existing set of challenges. The way the economy is repositioning itself, it has become important for companies and their auditors to continuously assess the impact of accounting, financial reporting, compliance and corporate governance and gear up for necessary actions.

In this quarter, we have covered multiple topics, including key changes to controls, process and systems due to evolving regulatory landscape, renewed focus on related party transactions, sustainability reporting, select situations on accounting for income taxes. We have also included some of the recent regulatory updates from SEBI, MCA, RBI and other key updates from ICAI.

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