Assurance Services

Meeting today’s financial and reporting challenges

The global business landscape is being reshaped by transformational events and trends. And that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors.

We can help you understand and address today's most critical financial and reporting issues.

  • Accounting change

    Sweeping changes to accounting standards are coming — are you ready?

    You operate in an increasingly uncertain business environment, complicated by the unprecedented range of potential changes to accounting standards. In this environment, management and audit committees are asking what they should be doing today to ready themselves for such significant change.

    The IASB and FASB have undertaken a number of ambitious standard-setting projects to improve both IFRS and US generally accepted accounting principles as well as to work to achieve convergence. These new standards, when issued, are expected to significantly alter accounting treatments and disclosures in several critical areas, including financial instruments, leases and revenue recognition. The number of standards being revised is significant, but of greater importance is how the accounting for common transactions will change as a result of these standards.

  • Fraud

    Fraud, bribery and corruption continue to expose companies to heightened financial, regulatory and reputational risk

    The findings of our 15th Global Fraud Survey contains insights from business leaders on the risks and challenges organizations face in fighting fraud and corruption in an era of significant technological advance. The survey discusses how companies are addressing these risks through enhanced technologies and increased compliance efforts. The survey found that more than one-third of business leaders see fraud and corruption as one of their greatest risks.

    There exists a real need for companies and those charged with their governance and oversight, to revisit their focus on the risks of fraud, bribery and corruption. Given the current environment, more robust anti-fraud and anti-corruption efforts are an imperative.

  • Sustainability reporting

    A growing trend toward disclosure of nonfinancial information

    In the face of mounting pressure to be transparent, an increasing number of organizations are choosing to report on sustainability or corporate social responsibility (CSR). Sustainability reports help internal and external stakeholders understand how well the organization adheres to the "triple bottom line" of environmental, social and economic performance.

    Seven things you should know about sustainability reporting

    1. 3,000+ companies issue sustainability reports.
    2. Stakeholders increasingly expect companies to provide sustainability reports.
    3. Sustainability reporting can bring operational improvements, strengthen compliance, and enhance corporate reputation.
    4. Reports should contain key performance indicators (KPIs) relevant to the reporter's industry such as materiality, stakeholder inclusiveness, sustainability context, and completeness.
    5. Sustainability reports are more closely monitored than ever before.
    6. Sustainability reporting presents many challenges, including:
      • Data consistency
      • Striking a balance between positive and negative information
      • Continually improving performance
      • Keeping reports readable and concise
    7. Sustainability reports can be a valuable communications tool. They can help with cutting costs, efficiency, achieving business imperatives and accountability.

    Visit the Climate Change and Sustainability Services site.

Related content

EY - Companies Act 2017

Companies Act 2017

The 2017 Amendment Act addresses difficulties in implementation, facilitates ease of doing business helps achieving better harmonisation with other statutes such as the Reserve Bank of India Act, 1934 and regulations made thereunder, and rectifies inconsistencies in the 2013 Act. We compliment the Government of India for adopting a highly collaborative approach and addressing the various challenges.

Contact us

Find your nearest Assurance Services contact.

Media Contacts

Shreya Sabharwal
Tel: +91 124 612 1267

Avantika Ghildyal
Tel: +91 226 192 1026

Connect with us

Stay connected with us through social media, email alerts or webcasts.

How can the digital transformation of reporting build the bridge between trust and long-term value?

EY - How can the digital transformation

Finance and reporting leaders have the opportunity to drive their organizations into a new age of reporting transparency.

Integrity in the spotlight: 15th Global Fraud Survey - Emerging markets perspective

EY - Integrity in the spotlight: 15th Global Fraud Survey - Emerging markets perspective

The survey explains the impact of changing legislation and increased enforcement on companies in their fight against fraud and corruption in emerging markets.

Transitioning to new leasing standard - Ind AS 116

EY - Transitioning to new leasing standard

In this report we discuss the potential impact of the new lease standard on the sample set of the top 100 BSE companies along with a sector-wise dissection.

Reporting Insights - November 2018

EY - Reporting Insights - November 2018

The current quarter has witnessed some important pronouncements that have been made across Companies Act, taxation-related matter, Reserve Bank of India, and other statutory area.

Healthy IPO pipeline for the Indian market in Q2 2018

EY - Healthy IPO pipeline for the Indian market in Q2 2018

India saw a flurry of 37 deals in Q2 2018, a marginal increase of 9% as compared with Q2 2017.

Global IPO trends: Q2 2018

EY - Global IPO trends: Q2 2018

The report provides insights, facts and figures on the 2018 IPO market year-to-date and analyzes the implications for companies planning to go public in the short and medium term.

SEBI Listing Obligations and Disclosure Requirements (Amendment) Regulations, 2018

EY - SEBI Listing Obligations and Disclosure Requirements (Amendment) Regulations, 2018

The SEBI issued a circular on 10 May 2018 for implementation of certain recommendations of the Kotak Committee.

An insight into practical application experience of implementing Ind AS 115

EY - An insight into practical application experience of implementing Ind AS 115

We are pleased to share with you our new publication Applying Ind AS – An insight into practical application experience of implementing Ind AS 115.

Reporting Insights - July 2018

Reporting Insights - July 2018

The Indian economy continues to grow the fastest as compared to many other markets across the globe.