Statutory mandates prompting the need for a whistle blower mechanism
The number of frauds in the banking sector as well as the level of sophistication of frauds have increased over the last two years, according to the findings of the Deloitte India Banking Fraud Survey Report, Edition II.
The 2013 Act will set the tone for a more modern legislation which enables growth and greater regulation of the corporate sector in India.
The Education practice in Deloitte has been set up as an IMO (Integrated Market Offering), in contrast with the other services which are offered in a collective manner.
Our monthly update ‘Regulatory Assessment Impact’ contains a round-up of RBI guidelines in the banking industry. These guidelines cover various themes which will be useful to stakeholders of this industry.
Outlining the key differences between Indian GAAP (including the provisions of Schedule III to the Companies Act, 2013, where considered necessary), IFRSs in issue as at 31 December 2014 and Ind ASs.
In order to support important Board and Audit Committee activities, and to help Directors stay current, this publication provides an important emerging topic for Board and Audit Committees.