India: Audit

The APTEL, through its order dated 27.05.2026 in the matter of DERC v. Forum of Regulators & Ors., dismissed the review petitions filed by the Delhi Electricity Regulatory Commission (“DERC”) seeking review of APTEL’s earlier order dated 20.04.2026 concerning conduct of strict and intensive audit of Delhi distribution licensees (“DISCOMs”); and (ii) commencement of liquidation of regulatory assets.

India's regulatory landscape for financial record-keeping has undergone a quiet but consequential transformation over the past several years. The migration of books of accounts from physical ledgers to cloud-hosted platforms and SaaS-based enterprise resource planning systems has dramatically altered not just how financial data is stored, but where it resides and that question of where has become a matter of acute legal consequence.

Conducting a pre-launch Intellectual Property (IP) risk audit is essential for a smooth entry into the Indian market, where “first-to-file” rules and local common law nuances...

On February 7, 2025, the Delhi High Court ("High Court") ruled in Deloitte Haskins & Sells LLP v. Union of India & Ors. on writ petitions by audit firms like Deloitte Haskins & Sells LLP and SRBC & Co. LLP...

Pre-IPO reorganisation work does not end with forensic RPT analysis and valuation-backed restructuring.

The Reserve Bank of India ("RBI") has released its Draft Directions on Lending to Related Parties for Non-Banking Financial Companies (NBFCs)...

Digging deep into documents is not just another task in a regulatory assessment – it is often the key to spotting hidden compliance gaps and avoiding risks that could slip through the cracks.

In today's fast-paced business environment, traditional auditing methods often fall short in addressing the dynamic needs of organizations.

In today's complex business landscape, auditors act as guardians of financial integrity. Their role goes beyond merely verifying numbers – they are crucial...