The role of a modern Chief Financial Officer (CFO) is compared to that of a "Gumazda" (accountant) from 2,000 years ago, suggesting that accounting fundamentals have not changed significantly.

The post Podcast Episode 89 Why do we need an ICGI? For Accounting to Accountability first appeared on IBCM Technology.

My mission is to establish the Institute of Corporate Governance of India. Why do we need that? Why do we need. That is a good question.

Because why else DOGE is there in United States, USAID, any number of rules, all that, but we are not able to find out to justify the conduct of the people who have been entrusted with everything. So that's the reason why the rules express the truth and justify the conduct. That is the ethics.

The post Podcast Episode 88 Why do we need an ICGI – The Institute of Corporate Governance of India? first appeared on IBCM Technology.

My objective is to bring the Institute of Corporate Governance of India under an Act of Parliament. There is a need for it. That is my emphasis. Analytics Textile and Apparel Target US$350 billion - 2030 Added

The post Podcast Episode 87 Mission Corporate Governance – ICGI – Status Report 17 Feb 2025 first appeared on IBCM Technology.

Every year one budget comes and goes but this year budget I think is spectacular and I appreciate Nirmala Sitharaman who has done a tremendous job. Reciprocity is expected from the companies for their own good. Buck-up Industry, tell us what Industry Associations in different forms went to FM before the Budget and what did you ask the FM? If given all the gifts you had asked for, it is time you show your commitment.

The post Podcast Episode 86 CorporateMOM Analytics on Union Budget 2025 first appeared on IBCM Technology.

I argue that India's experiment with foreign audit firms has failed and call for the Big Four firms to "buck up" and improve their performance and responsibility.

The post Podcast Episode 85 ICGI 04-05 – Buck up Big4 Audit Firms first appeared on IBCM Technology.

In ICGI 04- 04 - SOS Governance Standards - I highlight the importance of governance over financial performance

The post Podcast Episode 84 ICGI 04- 04 – SOS Governance Standards – Governance over Financial performance first appeared on IBCM Technology.

Jayaraman Iyer sends Narendra Modi a report on HACCP of Bank Audit, emphasizing the need for a "SOS Governance Standards" approach to integrate P&L, Balance Sheet and RWA BASEL III parameters and provide a common rating system for Banks.

The post Podcast Episode 83 ICGI 04- 03 – HACCP of Bank Audit FEC Report – Economy Assurances first appeared on IBCM Technology.

SOS Governance rectifies the reported dissatisfaction - In a research report by Forrester and Diligent, governance professionals indicated that '''visibility into sustainability and ESG issues''' was their greatest dissatisfaction. [Means ESG Scores are rubbish - isn't it?]

The post Podcast Episode 82 ICGI Series 04-02 Empowering Auditors – ESG Audit FEC Report – Society Assurances first appeared on IBCM Technology.

Audit Firms can feel good about restoring GRACE - GOVERNANCE, RESPONSIBILITY, AUTHORITY, CREDIBILITY, ENABLEMENT

The post Podcast Episode 81 ICGI Series 04-01 Empowering Auditors – The FEC Report for Audit Firms first appeared on IBCM Technology.

Empowering Auditors is the crux of my presentation that I call for strengthening ICAI to re-calibrate its working to the demands of our society that is made up of MSMEs and pan puri walahs that our Chartered Accountants cater to, besides being the Statutory Auditors for all listed companies.

The post Podcast Episode 80 ICGI Series 04 Empowering Auditors AI Co-piloting ABC – Audit Firms, Banks and Companies first appeared on IBCM Technology.