Accounting standards compliance required: companies must adopt specified disclosure, consolidated reporting, and tax accounting in periodic financial results. Companies must include segment reporting and apply the Accounting for Taxes on Income standard in quarterly un audited results, may publish consolidated quarterly results, and must publish annual results in the same format. Consolidated financial statements are mandatory in the annual report, must be audited by the company's statutory auditors and filed with stock exchanges. Related party disclosures must follow the applicable accounting standard, and companies are required to comply with all Accounting Standards issued by the ICAI.
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Accounting standards compliance required: companies must adopt specified disclosure, consolidated reporting, and tax accounting in periodic financial results.
Companies must include segment reporting and apply the Accounting for Taxes on Income standard in quarterly un audited results, may publish consolidated quarterly results, and must publish annual results in the same format. Consolidated financial statements are mandatory in the annual report, must be audited by the company's statutory auditors and filed with stock exchanges. Related party disclosures must follow the applicable accounting standard, and companies are required to comply with all Accounting Standards issued by the ICAI.
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