India: Audit

Revisional powers are special statutory powers conferred upon higher authorities to examine and review orders passed by subordinate officers. The primary objective of conferring such powers is to safeguard the interests of the revenue.

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.

Although the nomenclature of "white-collar crime" was brought into the big picture in mid-20th-century criminological discourse, analytical engagement with economically privileged offending agents, which are now classified as "white-collar offenders", predates its terminological codification within the genealogy of criminology.

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.

Welcome back to our blog series on preparing for an assessment. In the previous blog, we explored what it takes for a business to prepare for an assessment.

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.