Accounting And Audit 4 August 2026
India's Compliance Obligations
Indian businesses operate under a complex regulatory framework comprising over 1530 Acts and Rules, with more than 69000 compliance obligations, statutory and internal audits are not enough to meet these requirements, a report highlights the need for a more comprehensive approach to compliance
Indian businesses today operate under an exceptionally complex regulatory framework comprising more than 1530 Acts and Rules. To comply with these regulations, businesses need to go beyond *statutory* and *internal audits*. Some key points to consider:
- More than 69000 compliance obligations
- Over 1530 Acts and Rules to adhere to
- Need for a comprehensive approach to compliance
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