1. Financial evaluation is very vital to the development of Indian companies since it is the distinction whether the said companies are growing or not. With these the management should have a good collaboration to their internal auditor. In the case of auditing fraud, the management may conduct an investigation with the help of forensic accountant
2. Indian businesses especially to those that are venturing in international setting needs assessments of their financial standing considering that it is important to ensure security and create substantial decisions. A financial statement analysis is one such gauge that takes into consideration current and future financial situation in an attempt to determine a financial strategy to help achieve organisational goals.
3. Economies around the globe are adopting accounting reforms in the effort to be part of the international trade and boost their economies. The evaluation and planning of the International Financial Reporting Standards in Indian Companies may show many future benefits as well as many short-term obstacles. The expectations of the investing public, however, will eventually benefit. The global standardization will generate many chances for business as well as accounting firms.
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