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Welcome to the Mondaq Audit Law homepage, here you will find thought leadership articles, podcasts, videos and webinars covering topics including accounting and audit law and insights.
Article
Is Your Accounting Software Actually Ready For Corporate Tax Compliance In The UAE?
Most businesses have become comfortable with UAE corporate tax filing by now.  The deadlines are on the calendar, the forms are familiar, and finance teams are well into the rhythm. What fewer businesses have stopped to check is whether the accounting software they're running can actually keep up with what's coming next.  This includes everything from transfer pricing schedules to the phased rollout of e-invoicing.  This guide explains what that readiness actually looks like for finance directors, SME owners, and compliance officers working through UAE corporate tax compliance right now.
Worldwide Technology
IMC Group
Article
Ratification Of Related Party Transactions By The Audit Committee
Few areas of Indian corporate governance have witnessed such sustained regulatory tightening as related party transactions ("RPTs"). The Companies Act, 2013, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations"), and a steady stream of SEBI circulars (most recently the Industry Standards on Minimum Information for RPT approval ) have together created a framework that is both rigorous and unforgiving. The framework is built on a single premise: RPTs must be approved before they are entered into — not after.
India Commercial
CP
Corporate Professionals
Article
Why Growing GCC Companies Are Moving Beyond Spreadsheet-Based Financial Reporting
For many finance teams, the warning signs are familiar. The month-end close often stretches beyond ten days. Different versions of the same profit and loss statement get shared over email, and no one has a clear idea which is the latest file. A single minor change to a formula in a spreadsheet can disrupt the entire consolidation. By the time someone notices the mistake, it might be too late.
Worldwide Accounting
IMC Group
Article
India Transfer Pricing & Permanent Establishment Disputes: Characterisation, Profit Attribution And Litigation Strategy
Within most multinational groups, transfer pricing is still perceived primarily as a technical compliance function. It is frequently treated as a year-end margin exercise — a benchmarking study intended to ensure that operating profit falls within a statistical range. Boards often view it as a documentation issue, while finance teams approach it as a provisioning variable.
India Tax
R & D Law Chambers LLP
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