Items tagged with "India"

Indian debt issuers to submit XBRL compliance filings, feeding central database

XBRL implementation just expanded in India, with all listed debt issuers now required to submit compliance filings in XBRL.

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Beyond the usual suspects: XBRL avenues to explore in India

XBRL has been used for financial and prudential reporting in India for several years. As digitisation advances apace – hastened by the Covid-19 pandemic – how and where else could India deploy the XBRL standard to facilitate filings and collect high-quality digital data that is easy to access, analyse and compare?

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Mandatory sustainability reporting for India

Following a 2020 consultation, the Securities and Exchange Board of India (SEBI) has decided to introduce new environmental, social, and governance (ESG) reporting requirements.

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ICAI meets AI: Robot-Reviewed Reporting for India

How do you spot financial reporting errors or attempted fraud before they grow into problems? And – when serving a population of over 1.3 billion people – how can you both boost data quality and make the reporting and review process as efficient as possible? For the Institute of Chartered Accountants of India (ICAI), the […]

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India introduces Regulatory Sandbox

Regulatory Technology, or RegTech, could help transform today’s regulatory landscape, drawing on similar advances as FinTech to improve the efficiency, utility and cost of supervision.

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India’s MCA may require more frequent filing

India’s Ministry of Corporate Affairs (MCA) is considering requiring large unlisted entities to file financial statements more frequently.

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India consults on XBRL ESG disclosures

The Securities and Exchange Board of India (SEBI) is conducting a consultation into widening their environmental, social, and governance (ESG) disclosures with a new mandatory report.

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Digital Payments accelerate in India

The coronavirus pandemic has prompted an unprecedented shift to digital across the world – from the rise of remote working to teleconferencing improvements and an emphasis on digital operations – and now, in India, a long-desired switch from currency to cards.

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News Item

ICAI allows E-Signatures for Audit Reports

During this time of deep digital reliance, the Institute of Chartered Accountants of India (ICAI) has announced a policy change meaning that electronic signatures are permitted in order to sign audit reports and certificates for the first time. The ICAI announcement draws on the 2000 IT Act, concluding that the Act allows for electronic signatures […]

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Key figure in XBRL India elected President of ICAI

Congratulations to CA. Atul Kumar Gupta, Vice Chairman of the Board of XBRL India, who has been elected as President of The Institute of Chartered Accountants of India (ICAI). CA. Gupta is widely appreciated for his key contribution to the new Goods and Service Tax regime in India. He has also chaired the SAFA Committee on […]

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