Best Accounting & Auditing Lawyers in India

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SKB Associates

Kolkata, India

English
SKB Associates is a distinguished law firm in India, renowned for its comprehensive legal services and commitment to client success. The firm offers a wide array of legal solutions, including litigation, corporate law, and specialized areas such as banking and finance. With a team of experienced...

Sharma & Sharma

Kolkata, India

English
A professional law firm offering expert legal services.
Sandip Agarwal and Co

Sandip Agarwal and Co

Kolkata, India

Founded in 2000
English
Sandip Agarwal & Co., headquartered in Kolkata, is a nationally recognized independent law firm with over two decades of experience in delivering high-quality legal services. The firm has been instrumental in several significant judicial cases across India, consistently achieving favorable outcomes...
Sinha & Company, Advocates

Sinha & Company, Advocates

Kolkata, India

Founded in 1993
English
Established in December 1993 by Mr. Paritosh Sinha, Sinha & Company, Advocates has grown into a prominent full-service law firm in India. With offices in Kolkata and New Delhi, the firm offers comprehensive legal services to a diverse clientele, including multinational corporations, public sector...

S. Majumdar & Co.

Kolkata, India

Founded in 1993
English
Established in 1993, S. Majumdar & Co. is a full-service Intellectual Property firm in India, offering comprehensive legal services in patents, trademarks, industrial designs, copyrights, geographical indications, and trade secrets. The firm also handles domain disputes, licensing, investigations,...
Yash Paul Ghai and Associates

Yash Paul Ghai and Associates

Ludhiana, India

Founded in 1965
English
Yash Paul Ghai & Associates, headquartered in Ludhiana, Punjab, has been delivering comprehensive legal services for nearly six decades. The firm operates across various judicial platforms, including District Courts, the High Court of Punjab & Haryana at Chandigarh, and the Supreme Court of India...
Pransh Law Offices

Pransh Law Offices

Bhilai, India

Founded in 2016
English
Pransh Law Offices, headquartered in Raipur, Chhattisgarh, has established itself as a boutique firm specializing in commercial litigation and arbitration. The firm's expertise encompasses handling commercial suits and arbitrations related to DDU-GKY projects, as well as construction, electricity,...

D Saha & Co

Kolkata, India

English
D. Saha & Co., established over four decades ago by Late S. G. Saha, Advocate of the Calcutta High Court, has built a reputation as a leading tax firm in India. The firm offers a comprehensive range of legal services, including corporate and personal taxation, GST, NRI taxation, statutory filings,...
Angad Haksar Law Firm

Angad Haksar Law Firm

Jaipur, India

English
Angad Haksar Law Firm stands at the forefront of legal expertise in India, specializing in delivering comprehensive business law solutions. Their team of seasoned professionals combines in-depth knowledge with practical experience, ensuring clients receive nuanced advice tailored to the unique...
Oberoi Law Chambers

Oberoi Law Chambers

15 minutes Free Consultation
Chandigarh, India

Founded in 2008
15 people in their team
English
Hindi
The Firm was founded in the year 2008, with the motto – “JUSTICE FOR ALL” . Oberoi Law Chamber’s is shielded by Advocate Gagan Oberoi having an experience of 14+ years in the industry with efficient lobby and irrefutable liaising across India, along with his team of experienced lawyers to...
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About Accounting & Auditing Law in India

Accounting and auditing in India are governed by various laws and regulations to ensure transparency, accuracy, and reliability in financial reporting. These laws aim to maintain the integrity of financial information and protect the interests of stakeholders.

Why You May Need a Lawyer

You may need a lawyer in accounting and auditing for various reasons, such as disputes over financial statements, tax issues, regulatory compliance, fraud investigations, or legal proceedings related to accounting practices. A lawyer specializing in accounting and auditing can help protect your rights, navigate complex regulations, and provide expert advice.

Local Laws Overview

In India, accounting and auditing are primarily governed by the Companies Act, 2013, as well as the Income Tax Act, 1961, and various accounting standards issued by the Institute of Chartered Accountants of India (ICAI). These laws regulate financial reporting, auditing standards, tax compliance, and corporate governance practices.

Frequently Asked Questions

1. What is the role of an auditor in India?

An auditor in India is responsible for examining the financial statements of a company to ensure they are accurate, reliable, and comply with the relevant accounting standards and regulations.

2. What are the key accounting standards in India?

Some key accounting standards in India include Ind AS, AS, and IFRS, which provide guidelines for preparing financial statements and disclosures.

3. What are the penalties for non-compliance with accounting regulations in India?

Non-compliance with accounting regulations in India can result in penalties, fines, legal actions, and reputational damage for individuals and companies.

4. How can a lawyer help with tax audits in India?

A lawyer specializing in tax audits can represent individuals or companies during tax audits, address any discrepancies, resolve disputes with tax authorities, and ensure compliance with tax laws.

5. What is the role of the Institute of Chartered Accountants of India (ICAI) in regulating the accounting profession?

ICAI is a regulatory body that sets accounting standards, conducts examinations for chartered accountants, and regulates the accounting profession in India to ensure ethical practices and professional standards.

6. Can a lawyer help with forensic accounting investigations in India?

Yes, a lawyer specializing in forensic accounting can assist in investigating financial fraud, money laundering, embezzlement, and other financial crimes by analyzing financial records, tracing assets, and providing expert testimony in legal proceedings.

7. What are the requirements for statutory audits in India?

Statutory audits in India are mandatory for certain types of companies under the Companies Act, 2013, and must be conducted by a qualified auditor who is independent and registered with ICAI.

8. How can a lawyer help in resolving disputes related to financial transactions in India?

A lawyer specializing in financial transactions can help negotiate settlements, file legal claims, represent clients in court, and provide legal advice on matters such as corporate finance, mergers, acquisitions, and insolvency.

9. Are there any whistleblower protections for reporting accounting fraud in India?

Yes, the Companies Act, 2013, provides protections for whistleblowers who report accounting fraud, misconduct, or unethical practices in companies to regulatory authorities, ensuring confidentiality and immunity from retaliation.

10. What are the responsibilities of a company's board of directors in financial reporting and auditing in India?

The board of directors of a company in India has a fiduciary duty to oversee financial reporting, internal controls, risk management, and compliance with accounting standards to promote transparency, accountability, and integrity in financial disclosures.

Additional Resources

For additional resources and information on accounting and auditing in India, you can refer to the official websites of the Ministry of Corporate Affairs, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), and ICAI. You can also seek guidance from legal professionals, accounting firms, and regulatory authorities for specific issues or inquiries.

Next Steps

If you require legal assistance in accounting and auditing in India, it is advisable to consult with a qualified lawyer specializing in these areas to understand your rights, obligations, and options for resolving financial disputes, regulatory issues, or legal proceedings. A lawyer can provide tailored advice, representation, and advocacy to protect your interests and ensure compliance with the relevant laws and regulations.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.