We step back to look at the practical implications and application challenges associated with the Companies Act, 2013 (2013 Act). The December 2014 edition of the Accounting and Auditing Update contains an anthology of our articles, over the past few months, on the key aspects of the 2013 Act. These articles have been updated to include clarifications and implementation related insights that have been gained as companies have sought to apply in practice this landmark legislation.
As is the case each month, we cover key regulatory developments during
the recent past as well as highlight the salient aspects of the
recently issued guidance note by the Institute of Chartered
Accountants of India on the area of internal financial controls.