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Accounting and Business Support
Navigating the Net Operating Loss: Deductions Allowed Under IRC Section 172
IRC Section 172 aids businesses by allowing Net Operating Losses (NOLs) to be carried forward, offsetting future taxable income and improving financial stability.
Sundeep Gupta
Aug 27, 2025
Corporate Laws
Risk Advisory
SMLDI 2025 - New Security Compliances for Defence Manufacturers in India
The Indian Ministry of Defence’s (MoD) revision of the Security Manual for Licensed Defence Industries (SMLDI) in June 2025 marks a significant regulatory shift, redefining the way private sector players must operate within the country’s defence manufacturing ecosystem.
Lea Parmentier
Bhushan Sharma
Shrikrishna Dikshit
Aug 19, 2025
Regulatory Compliance
Corporate Laws
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Ghost Revenues: How round-tripping tricks bank and masks financial trouble
As forensic accountants, we investigate several cases where numbers in financial statements appear sound on the surface, but closer inspection reveals a different story.
Published with permission from Gaurav Bhatia, Ankit Saini
Jul 9, 2025
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Corporate Laws
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Internal Audit: A Growth Partner for Startups
India currently has the third largest ecosystem of startups globally. These start-ups are usually defined as a young, innovative company, typically within the first 10 years of operation, aiming to develop or improve products, processes, or services, or employing a scalable business model with high employment or wealth creation potential.
Published with permission of Sathyabama R
Jun 20, 2025
Corporate Laws
Assurance
Auditing the Solar Power Industry - Key Challenges
India's solar power growth faces unique accounting and auditing hurdles needing expert solutions.
Ameet Baid, Pragya Bansal, Saahil Mehra
Sep 24, 2024
Corporate Laws
Risk Advisory
401(k) Audits - Procedures, Internal Controls & Compliance
A 401(k) audit serves as a vital tool for ensuring legal compliance, fiduciary responsibility, participant protection, risk management, and ongoing improvement of the retirement benefit plan of the company.
S Sushmitha
Sundeep Gupta
Jul 15, 2024
Corporate Laws
Risk Advisory
Preventing whistleblower retaliation for sound corporate governance
In today’s diverse and challenging business landscape, organizations span borders and cultures, necessitating a focus on ethics.
Bhushan Sharma
Oct 2, 2023
Corporate Laws
Assurance
Impact of RBI circular on audit quality of banks and NBFCs
RBI's new auditor appointment guidelines for banks, Urban Co-operative Banks and NBFCs (including Housing Finance Companies) apply from FY22, superseding earlier rules. NBFCs (non-deposit taking) with assets under INR1,000 crores can retain existing procedures.
Published with permission of Parveen Kumar
Mar 1, 2022
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