Best Accounting & Auditing Lawyers in India

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Advocate Ankit Kumar Singh
Patna City, India

Founded in 2018
1 people in their team
English
Hindi
Welcome to the expertise of Advocate Ankit Kumar Singh โ€“ your trusted legal partner at the prestigious Patna High Court. Renowned for his dedication, strategic insight, and relentless pursuit of justice, Advocate Ankit Kumar Singh has built a reputation as one of Biharโ€™s leading legal...
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Ramana Reddy Law
Hyderabad, India

English
Ramana Reddy Law, based in Hyderabad, India, specializes in tax litigation and civil and commercial litigation. The firm is led by Ramana Reddy, who has been practicing law in Telangana and Andhra Pradesh since 2013. He holds a degree from Gujarat National Law School and a Juris Doctor from the...
Tribus Legal
Jaipur, India

English
Tribus Legal is a distinguished law firm in India, specializing in corporate litigation and dispute resolution. The firm's name, 'TRIBUS,' signifies the collaboration of three parties seeking equity and justice, reflecting its commitment to delivering comprehensive legal solutions. With a focus on...

English
TMR Legal - Mediators, based in Mumbai, India, offers comprehensive legal services with a focus on civil and criminal law, as well as mediation. The firm specializes in handling disputes and litigations related to ancestral and inherited properties, partition suits, agricultural and urban land...
Ezy Laws
Mumbai, India

Founded in 2011
English
Ezy Laws, established in 2011, is a full-service legal advisory firm headquartered in Mumbai, India, with additional offices in New Delhi, Lucknow, and Dubai. The firm specializes in corporate laws, capital markets, banking and finance, insolvency and bankruptcy, mergers and acquisitions, private...
KB LAW FIRM
Coimbatore, India

English
KB Law Firm, headquartered in Coimbatore, India, is a full-service legal practice renowned for delivering high-quality legal advice with a proactive approach. The firm offers comprehensive end-to-end legal solutions across Tamil Nadu, addressing diverse legal needs with expertise in property law,...

Founded in 1999
English
Established in 1999, Krishnamurthy & Co. (K Law) is a full-service law firm with offices in Bengaluru, Mumbai, New Delhi, and Chennai. With a team of over 85 dedicated lawyers, the firm offers comprehensive legal advisory services across a broad spectrum of practice areas, including private equity...
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,...

English
Ram Darbar Law Offices Solicitors & Advocates is a distinguished full-service law firm in India, offering comprehensive legal, regulatory, and advisory services. The firm's core practice areas include litigation and dispute resolution, taxation, banking law, corporate law, competition law,...
Kolkata, India

English
Suman Karmakar, Advocate, is a distinguished law firm in India renowned for its comprehensive legal expertise across various practice areas. The firm excels in providing services as attorneys, business banking consultants, civil law attorneys, and criminal justice advocates. With an impressive...
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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.

Lawzana helps you find the best lawyers and law firms in India through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Accounting & Auditing, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in India - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.