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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF


International Journal of Applied Research

Vol. 2, Issue 9, Part L (2016)

Recent trends in corporate reporting practices in India

Dr. Manjit Singh Saggi
Recent developments in corporate reporting practices indicate that the corporates have started addressing to the underlined questions. The extent of voluntary/non-financial reporting has been increasing and with the emergence of corporate governance, the annual reports are becoming very comprehensive and quiet useful for the shareholders and other users. The present paper highlights the recent and emerging trends in corporate reporting practices in India. The concept of corporate reporting has gained much significance due to the huge expansion and growth of corporations. Corporate reporting in India is primarily governed by Companies Act, 1956. The Securities and Exchange Board of India (SEBI) is another regulatory body which has major influence in reshaping and redesigning corporate reporting in India. Institute of chartered Accountants of India (ICAI) and Bureau of Public Enterprises (BPE) have also brought radical changes in corporate reporting requirements of the companies. These regulatory bodies have an important bearing on corporate reporting practices in India. The present study sets two basic objectives namely i) to study the recent amendments and changes made by regulatory and statutory bodies relating to corporate reporting by the companies in India, and ii) to study the contemporary issues in corporate reporting being followed by Indian companies. The study found that corporate reporting is at center stage of reforms and regulatory bodies are quiet busy in developing such a model of corporate reporting that may suit the needs of the users and the corporate entities simultaneously. Companies should not always look towards regulatory bodies for reforms but there should be voluntary efforts to disclose diverse information for the users of the annual reports.
Pages: 880-883  |  275 Views  26 Downloads
How to cite this article:
Dr. Manjit Singh Saggi. Recent trends in corporate reporting practices in India. Int J Appl Res 2016;2(9):880-883.
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