Asia: Accounting and Audit

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.

An Australian company's AUD 168,000 fine for failing to lodge audited financial reports reveals a widespread challenge: businesses often cross into mandatory audit territory through organic growth without realizing it. As revenue, assets, or headcount expand, companies can unintentionally trigger obligations under the Corporations Act, with consequences extending far beyond regulatory penalties to impact financing, transactions, and investor confidence.

Today, businesses are facing stricter provisions regarding VAT reporting. Audits need to be faster, and remote teams demand better collaboration. Beyond all this, businesses feel the growing pressure to keep their financial records organized throughout the year. Therefore, desktop-based models that have worked for so long are feeling slow and limited.

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.

Running an SME in South Africa often feels challenging. Organizations find themselves chasing deadlines most of the time. VAT dates arrive quickly, and paperwork piles up in different systems.

Australian charities operate in a position of significant trust. They safeguard public funds, deliver essential services and support some of the most vulnerable members of the community.

In recent years, we have seen a notable rise in legal proceedings that require quantifying an account of profits in addition to damages, either by independent experts engaged by the plaintiff or defendant or joint or court-appointed experts.

A forensic accountant typically analyses accounting or financial data in a dispute or investigation context to investigate or quantify a financial issue.

Business growth expert Mark Calleja joins The Cut to discuss why many SME owners remain trapped at the seven-figure plateau despite working harder than ever. Drawing from practical experience, he reveals the operational blind spots, cashflow mistakes, and mindset barriers that prevent businesses from scaling beyond their current limitations.

Facing overwhelming debt can feel isolating, but understanding your options is the first step toward financial recovery. Whether you're considering informal repayment arrangements, formal debt agreements, or bankruptcy, each pathway offers distinct advantages depending on your circumstances. This comprehensive guide breaks down the three main personal insolvency options available in Australia, helping you determine which solution best fits your financial situation.

Voidable transactions undermine the equitable distribution of assets in the administration of an insolvent company.