[Guest post by Pramod Rao, General Counsel at Citibank
India]
India]
Many aspects of law and the accounting world
coincide and converge especially in commercial enterprises. These are of
immense relevance to the enterprise, the general counsel, the chief financial
officer, the external/statutory auditors and business units or to control or
support functions of the enterprise.
coincide and converge especially in commercial enterprises. These are of
immense relevance to the enterprise, the general counsel, the chief financial
officer, the external/statutory auditors and business units or to control or
support functions of the enterprise.
Among the aspects where the convergence of law
and accounting occurs is around legal claims or cases against an enterprise.
Such claims and cases against an enterprise arise from time to time – be it
claims or cases filed by customers, vendors and suppliers, employees /
ex-employees, investors or shareholders, government authorities, etc.
and accounting occurs is around legal claims or cases against an enterprise.
Such claims and cases against an enterprise arise from time to time – be it
claims or cases filed by customers, vendors and suppliers, employees /
ex-employees, investors or shareholders, government authorities, etc.
In an article
posted on LinkedIn, I examine these issues as well as the accounting
implications thereof and matters beyond, all of which represent my personal
views on the topic.
posted on LinkedIn, I examine these issues as well as the accounting
implications thereof and matters beyond, all of which represent my personal
views on the topic.
– Pramod Rao