Independent directors’ exits are up 14.5%
In FY23, the number of independent directors leaving company boards grew by 14.5%. According to a report in The Financial Express, 881 IDs left their jobs in India during the previous fiscal year. Due to corporate fraud and accounting irregularities, independent directors are under heightened scruti
Beginning this FY, companies must keep an audit trail
New accounting regulations mandate that companies must maintain a complete and uninterrupted record of all changes made to their financial statements and are prohibited from deactivating the audit trail feature in their accounting software, starting from this fiscal year. The Companies (Accounts) Am
