Swaminathan Shankar

Ajay Sethi, Baker Tilly ASA India, in an exclusive interaction with ETCFO, highlights the urgent need for India to build a robust Top-20 audit firm ecosystem not just aim for a desi Big Four. His views reflect a larger conversation around capacity, credibility, and competition in the Indian audit space. https://lnkd.in/gHzajmgG #AuditFirms #AuditEcosystem #AuditReform

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The Institute of Chartered Accountants of India has introduced a revised audit report format specifically tailored for non-corporate entities like partnerships, proprietorships, and small businesses. Why this matters: -The new format ensures clarity, consistency, and compliance with the latest auditing standards. -It aligns reporting with SA 700 series and improves communication with stakeholders. Key updates: -Enhanced reporting on going concern assumptions. -More structured presentation of audit opinion and responsibilities. -Simplified language for better understanding by non-corporate users. This change is especially important for CAs who handle MSME clients and unlisted firms. Better reporting builds better trust. Time to review your audit files and adapt. The format may be new, but the goal remains the same: true and fair reporting. #audit #ca #auditreports #icai

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Upcoming GST Council, expected rate changes and what should businesses do! With the GST Council set to deliberate on 3rd & 4th September 2025, these reforms aim to simplify compliance, boost affordability, and enhance global competitiveness. What to expect and what does this mean for businesses? 🔹 Fewer slab rates → Easier classification & reporting 🔹 Lower rates on essentials → Stimulates demand 🔹 Reduced litigation & improved cashflows 🔹 Improved competitiveness → Lower operational costs Action points for businesses: ✔ Reanalyse pricing & protect margins ✔ Upgrade systems for compliance ✔ Plan cashflows & manage inventory impact Early preparation is key. Our Deloitte alert has more details! #GST #TaxReforms #EaseOfDoingBusiness #IndiaGrowthStory #RateRationalisation #Compliance Amit Sarker Mamatha Anand Abhirath Bhat Rohit Mehta

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Great insights provided by the Report on private credit which is scaling rapidly in India, with record deal volumes (~79 deals) and values (~US$9b), indicating its emergence as a mainstream financing alternative across sectors. Investor confidence remains strong, with most funds targeting double-digit returns and maintaining a bullish outlook despite rising competition.

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PISL Podcast | Episode 1: Guiding Growth with Finance Every milestone starts with a strong foundation and for us, finance is that backbone. In this episode, meet CA.Pankaj Sood, CFO at PISL. From qualifying as a Chartered Accountant in 2006 to steering our financial strategy since 2019, Pankaj has helped shape how we invest, manage cash flow, and keep operations thriving. He reminds us that finance isn’t just about spreadsheets or balance sheets. It’s about giving ideas the support they need to grow and keeping progress sustainable for the long run. #PISLPodcast #FinanceLeadership #Infrastructure #Growth #CFO #TeamPISL #Podcast"

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