AKM Global

#USAccounting Update: 🌟Unlocking Opportunities: The Growing Scope of #USAccounting in #India The landscape of #accounting in India is evolving rapidly, driven by #globalization and a surge in #foreign #investments. Here's why now is the perfect time to dive into the world of US accounting in India: 1. #Global #Standards Adoption: As Indian businesses align with #global #frameworks like International Financial Reporting Standards (#IFRS), the demand for expertise in US Generally Accepted Accounting Principles (#GAAP) is skyrocketing. 2. #Outsourcing Hub: India is a powerhouse for US companies outsourcing financial operations, including bookkeeping, #tax preparation and payroll to name a few. Platforms like #QuickBooks, #Gusto, #Trinet and #ADP showcase the extensive talent pool at our disposal. 3. Career Growth: #Accountants, auditors, and financial analysts are in high demand. Earning a #US CPA certification, along with experience in #GAAP, can significantly boost your job prospects. 4. Professional Development: Training programs for #CPA (Certified Public Accountant) and #CMA (Certified Management Accountant) certifications are gaining traction, equipping professionals to excel in international accounting. 5. Tech Integration: The rise of # cloud-based #accounting #software and automation is creating new opportunities for tech-savvy accountants. 6. #CrossBorder #Compliance: With increasing #international trade, understanding US accounting principles is vital for compliance and reporting. 7. Remote Work Flexibility: The shift towards remote work means Indian accountants can collaborate with #US firms from anywhere, expanding career options. In conclusion, the adoption of #USaccounting practices in India presents a wealth of opportunities for professionals and businesses alike. Are you ready to embrace this dynamic field? Let’s connect and discuss! Contributor: Girish Purohit, Manager, US Accounting #Accounting #USAccounting #CareerOpportunities #GlobalStandards #India #Finance #CPA #RemoteWork #ProfessionalDevelopment #AKMGlobal

AKM Global Collaborates with #NIRC for a Seminar on "Shaping the Future of #Taxation & #DisputeResolution" We’re excited to share a recap of an insightful session where Anirudh Sood from #AKMGlobal recently featured as a guest speaker with the Northern India Regional Council (NIRC). The seminar, titled "Shaping the Future of Taxation & Dispute Resolution," highlighted the significance of evidence and procedural compliance in enforcement actions, with a focus on recent rulings clarifying the #ED’s authority under the #PMLA. Key topics covered during the seminar included: 1. Overview of #PMLA: The Act's objectives in combating #financial fraud and aligning with international frameworks were explored. 2. Understanding the #Money Laundering Cycle: A breakdown of the stages: Placement, Layering, and Integration. 3. Investigative Tools under #ED’s Powers: - Search & Seizure - Freezing Orders - Retention Orders - #Summons and #Arrest Thank you to everyone who joined this important discussion, and special thanks to NIRC for providing this valuable opportunity. As we work together to shape the future of taxation and dispute resolution, let us remember that financial integrity is key to fostering trust, promoting fairness, and driving innovation across our #economic landscape. #PMLA #MoneyLaundering #ED #FinancialIntegrity #Seminar #FinancialFraud #Compliance #Taxation #DisputeResolution

🎉 Celebrating 20,000 Followers! 🎉 We’re thrilled to announce that AKM Global has hit a major #milestone—20,000 followers! 🚀 A huge thank you to each and every one of you for your #support, #engagement, and #trust in us. Each of you plays a #vital role in our journey as we've grown to become a leading #Tax and #TransferPricing #firm in #India. We’re excited to continue sharing insights, innovations, and success stories with you. This #milestone is not just a number; it represents the strong community we’ve built and the valuable #knowledge we’ve shared. We’re excited to continue delivering insights and guidance that #empower your financial decisions. Stay tuned for more exciting updates, industry insights, and opportunities to engage. 🌟 #AKMGlobal #20kMilestone #ThankYou #Community #Leadership #ProfessionalDevelopment #CareerGrowth #Networking #PersonalBranding #LeadershipDevelopment

🔒 Navigating #Security #Frameworks for #Healthcare Compliance 🏥 In today’s fast-paced #cybersecurity landscape, selecting the right #security framework is crucial, especially in the #healthcare sector where regulatory compliance and #dataprivacy are paramount. Here’s a brief overview of key frameworks and their relevance to healthcare: 1. ISO 27001 & ISO 27002: These internationally recognized #frameworks provide a #robust foundation for #security programs. While they outline best practices, organizations must interpret their application based on specific needs. 2. SOC 2: Developed by the #AICPA, SOC 2 emphasizes five Trust Service Principles: security, availability, processing #integrity, #confidentiality, and #privacy. It allows organizations to tailor controls to their business requirements, with Type I and Type II reports assessing system design and operational effectiveness, respectively. 3. NIST 800-53 & NIST CSF: NIST 800-53 offers prescriptive controls, while NIST CSF provides a high-level risk management framework. Both require in-depth analysis and can complicate the demonstration of control effectiveness. 4. HIPAA: This US #law sets essential security standards for healthcare data protection. However, its less prescriptive nature means organizations must interpret and implement controls based on industry best practices, often leading to increased audit costs and time. 5. HITRUST CSF: A #healthcare-specific #framework that integrates multiple standards, including ISO, NIST, and HIPAA. HITRUST CSF stands out for its two-year certification, strong industry reputation, and flexibility in adopting new regulations, thereby making it a prime choice for healthcare organizations. What frameworks are you considering for your organization? Let’s discuss in the comments! 👇 Contributor: Nikita Grover (CCSFP), Assistant Manager, Outsourcing SOC, AKM Global #Cybersecurity #AKMGlobal #HealthcareCompliance #HITRUST #ISO #NIST #SOC2 #HIPAA #DataPrivacy #RegulatoryFrameworks

🎉 Celebrating 20,000 Followers! 🎉 We’re thrilled to announce that AKM Global has hit a major #milestone—20,000 followers! 🚀 A huge thank you to each and every one of you for your #support, #engagement, and #trust in us. Each of you plays a #vital role in our journey as we've grown to become a leading #Tax and #TransferPricing #firm in #India. We’re excited to continue sharing insights, innovations, and success stories with you. This #milestone is not just a number; it represents the strong community we’ve built and the valuable #knowledge we’ve shared. We’re excited to continue delivering insights and guidance that #empower your financial decisions. Stay tuned for more exciting updates, industry insights, and opportunities to engage. 🌟 #AKMGlobal #20kMilestone #ThankYou #Community #Leadership #ProfessionalDevelopment #CareerGrowth #Networking #PersonalBranding #LeadershipDevelopment

🎉 Celebrating 20,000 Followers! 🎉 We’re thrilled to announce that AKM Global has hit a major #milestone—20,000 followers! 🚀 A huge thank you to each and every one of you for your #support, #engagement, and #trust in us. Each of you plays a #vital role in our journey as we've grown to become a leading #Tax and #TransferPricing #firm in #India. We’re excited to continue sharing insights, innovations, and success stories with you. This #milestone is not just a number; it represents the strong community we’ve built and the valuable #knowledge we’ve shared. We’re excited to continue delivering insights and guidance that #empower your financial decisions. Stay tuned for more exciting updates, industry insights, and opportunities to engage. 🌟 #AKMGlobal #20kMilestone #ThankYou #Community #Leadership #ProfessionalDevelopment #CareerGrowth #Networking #PersonalBranding #LeadershipDevelopment

🔍 The Future of Auditing is Here — and It’s Powered by AI! 🤖 As technology continues to reshape industries, the audit profession is no exception. Integrating AI into audits is more than just a trend—it’s a game-changer! Imagine automating repetitive tasks that consume valuable time and resources! AI helps streamline repetitive tasks, analyze large volumes of data, and identify anomalies faster and with fewer errors. For instance, it can transform Journal Entry Testing by sifting through vast pools of unstructured data to highlight unusual patterns and high-risk transactions, saving time and resources while boosting accuracy. But the power of AI doesn’t stop there. When combined with human expertise, it offers deeper insights and enhanced risk assessment, ultimately elevating audit quality. At AKM Global, we’re committed to enhancing audit processes through advanced automation. By leveraging tools like Data Snipper and Alteryx, we’re streamlining workflows, improving accuracy, and reducing time spent on manual tasks. Additionally, we’re developing innovative BOTS and RPAs to further optimize standard audits, helping clients achieve faster and more reliable results. Let us transform your audits with cutting-edge automation, driving efficiency every step of the way! Contributor: Urvee Parasramka Tulsyan, Assistant Manager, Outsourcing Audit #Auditing #ArtificialIntelligence #Innovation #AuditQuality #FutureOfWork #DigitalTransformation #Automation #RiskManagement

🔍 Navigating New Regulations: The Role of External Commercial Borrowing (ECB) in Overcoming Dematerialization Challenges for Private Companies 🔍 The Ministry of Corporate Affairs (MCA) recently announced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, mandating that private companies (excluding small companies) issue securities solely in dematerialized form starting October 01, 2024. While this move aims to streamline capital raising, it poses challenges for private companies, particularly subsidiaries reliant on overseas parent capital for their operations. 🌟 The ECB Solution 🌟 For private companies facing dematerialization hurdles, ECB presents a compelling solution: ✅ Lower Interest Rates: ECBs often offer more favorable rates than domestic loans, reducing financing costs. ✅ Longer Duration: Companies can access funds for extended periods, providing essential flexibility in repayment. ✅ Retain Control: Companies can raise capital without diluting ownership, as creditors do not hold voting rights. 💼 A Strategic Move 💼 Leveraging ECBs allows private companies to meet immediate capital needs while navigating the complexities of share dematerialization. This approach can unlock vital funds for growth and development in an increasingly competitive landscape. As regulations evolve, embracing innovative financing solutions like ECBs will be crucial for sustained success. Let’s stay ahead of the curve! Contributor - Bhawna Singh, Corporate Legal & Secretarial, AKM Global #ExternalCommercialBorrowing #PrivateCompanies #CapitalRaising #Finance #CorporateStrategy #ECB #DematerializationofShares #CompetitiveLandscape #NewRegulation #AKMGlobal

Boss’s Day isn’t exactly trending... maybe for obvious reasons. But at AKM Global, we like to do things differently. Here, #HappyBoss is not a myth—it’s a reality! Today, the teams took a moment to #celebrate in their own unique ways, thanking the bosses and #managers who’ve helped them #grow and occasionally saved their day! Cheers to all the leaders who keep us motivated, energized, and always feeling valued. Because let’s face it, more than managers, we all need good #leaders who can #guide, #inspire, and #juggle responsibilities... like a pro barista serving up both #wisdom and #deadlines. ☕👩💼👨💼 Here’s to the #bosses who make the impossible seem doable. #AKMGlobal #BossDay #HappyBossDay #BossAppreciation #BestBossEver #ThankYouBoss #BossLife #LeadershipGoals #TeamLeader #GratefulForMyBoss #AppreciateTheBoss #GreatBosses #BossInspiration #CelebratingLeadership #BossDay2024 #LeadByExample #BossDayCelebration #BossVibes

🚀 Exciting #Updates on #India's #Tax Landscape! 🚀   Sharing some key #insights of our firm's Partners Amit Maheshwari and Sandeep Sehgal and Head of #TaxMarkets, Yeeshu Sehgal, CA, on the following topics, featured in leading #publications such as The Economic Times, Financial Express (India) and Mint. Please find attached the file to view our recent media coverage. 1. Net Direct Tax Collection Up by 18%! 📈 2. Revamping India’s Tax Laws 🏛️ 3. GST Relief for Foreign Airlines ✈️ 4. Centre’s Improved Direct Tax Collection Performance 💪 5. GSTN’s New ITC Integration 📊 These #developments reflect a proactive approach towards creating a more efficient and #taxpayer-friendly system in #India. Let’s stay informed and engaged as these changes unfold!   #TaxUpdates #India #GST #DirectTax #Compliance #EconomicGrowth