# Insights Analysis on financial reporting, audit, tax, structure, and the finance function. Published every two weeks, and written to be useful before a deadline rather than after it. [Subscribe to The Brief](https://soniassociates.in/subscribe) ## Featured Perspective ### [The Income-tax Act, 2025: a new vocabulary, and the documents still written in the old one](https://soniassociates.in/insight-income-tax-act-2025) The Income-tax Act, 2025 changed the language of Indian income tax far more than its substance. What still quotes the old sections, from contracts to system codes, is where the cost appears. September 9, 2026 · 11 min read Article ### [The audit trail requirement is a control, not a software setting](https://soniassociates.in/insight-audit-trail-edit-log) August 26, 2026 Article ### [Selling a majority stake mid-year: consolidation through a loss of control](https://soniassociates.in/insight-loss-of-control-consolidation) August 12, 2026 Article ### [Before the dashboard: agreeing what the numbers mean](https://soniassociates.in/insight-kpi-definitions) July 22, 2026 Series ## The Audit-Ready Company A series on the judgements, controls, and routines that turn an audit into a confirmation rather than a discovery. [Take the diagnostic](https://soniassociates.in/audit-readiness-diagnostic) [01 · The audit trail requirement is a control, not a software setting](https://soniassociates.in/insight-audit-trail-edit-log) [02 · Selling a majority stake mid-year: consolidation through a loss of control](https://soniassociates.in/insight-loss-of-control-consolidation) [03 · What lease accounting demands after the adoption project ends](https://soniassociates.in/insight-ind-as-116-lessees) [04 · The month-end close as a design problem](https://soniassociates.in/insight-month-end-close) [05 · The judgements auditors test in an expected credit loss model](https://soniassociates.in/insight-ecl-models-audit-scrutiny) ## All insights 10 publications ### [The Income-tax Act, 2025: a new vocabulary, and the documents still written in the old one](https://soniassociates.in/insight-income-tax-act-2025) The Income-tax Act, 2025 changed the language of Indian income tax far more than its substance. What still quotes the old sections, from contracts to system codes, is where the cost appears. Perspective · September 9, 2026 11 min read Topic: Tax & structuring ### [The audit trail requirement is a control, not a software setting](https://soniassociates.in/insight-audit-trail-edit-log) Most companies met the edit-log rule by switching on a feature. Auditors are now asking a harder question: does the trail cover every system and every change, for the whole year? Article · August 26, 2026 10 min read Topic: Audit & controls ### [Selling a majority stake mid-year: consolidation through a loss of control](https://soniassociates.in/insight-loss-of-control-consolidation) When a subsidiary becomes an associate, the reported gain includes a revaluation of the stake the group keeps. Getting to the right number means taking five steps in a set order. Article · August 12, 2026 12 min read Topic: Financial reporting ### [Before the dashboard: agreeing what the numbers mean](https://soniassociates.in/insight-kpi-definitions) Before a company can manage by its numbers, it has to agree what they mean. That work is mostly about definitions, owners, and a reconciliation to the ledger, and very little about tools. Article · July 22, 2026 9 min read Topic: Finance function ### [What lease accounting demands after the adoption project ends](https://soniassociates.in/insight-ind-as-116-lessees) Years after adoption, lease accounting is still a common source of audit adjustments. The errors have moved away from first-time recognition and into modifications, variable payments, and discount rates. Article · July 8, 2026 10 min read Topic: Financial reporting ### [The month-end close as a design problem](https://soniassociates.in/insight-month-end-close) Most finance teams treat the close as a reporting exercise. The fastest treat it as a design problem, and the first half of the improvement needs no new system at all. Article · June 24, 2026 9 min read Topic: Finance function ### [The judgements auditors test in an expected credit loss model](https://soniassociates.in/insight-ecl-models-audit-scrutiny) Expected credit loss is a framework of judgements that happens to end in a calculation. The models that struggle in audit tend to share the same three weaknesses. Article · June 10, 2026 11 min read Topics: Financial reporting, Audit & controls ### [FEMA for exporters: realisation, advances, and set-offs](https://soniassociates.in/insight-fema-exporters) Unmatched EDPMS entries, ageing export advances, and informal set-offs build regulatory exposure slowly, until the day a bank stops processing transactions. Article · May 27, 2026 9 min read Topic: Cross-border ### [The first foreign subsidiary: decisions that are expensive to reverse](https://soniassociates.in/insight-first-foreign-subsidiary) Where to incorporate, how to fund it, and where it is really run from: the choices worth settling before the first entity is registered abroad. Article · May 13, 2026 10 min read Topics: Tax & structuring, Cross-border ### [Assurance of BRSR Core begins with data lineage](https://soniassociates.in/insight-brsr-assurance) ESG reporting is taking on the discipline of financial reporting. Most preparers have spent their effort on drafting the disclosure, and far less on where the numbers came from. Article · April 29, 2026 9 min read Topic: Sustainability & ESG ### By topic #### Financial reporting (3) - [Selling a majority stake mid-year: consolidation through a loss of control](https://soniassociates.in/insight-loss-of-control-consolidation) - [What lease accounting demands after the adoption project ends](https://soniassociates.in/insight-ind-as-116-lessees) - [The judgements auditors test in an expected credit loss model](https://soniassociates.in/insight-ecl-models-audit-scrutiny) #### Audit & controls (2) - [The audit trail requirement is a control, not a software setting](https://soniassociates.in/insight-audit-trail-edit-log) - [The judgements auditors test in an expected credit loss model](https://soniassociates.in/insight-ecl-models-audit-scrutiny) #### Tax & structuring (2) - [The Income-tax Act, 2025: a new vocabulary, and the documents still written in the old one](https://soniassociates.in/insight-income-tax-act-2025) - [The first foreign subsidiary: decisions that are expensive to reverse](https://soniassociates.in/insight-first-foreign-subsidiary) #### Cross-border (2) - [FEMA for exporters: realisation, advances, and set-offs](https://soniassociates.in/insight-fema-exporters) - [The first foreign subsidiary: decisions that are expensive to reverse](https://soniassociates.in/insight-first-foreign-subsidiary) #### Finance function (2) - [Before the dashboard: agreeing what the numbers mean](https://soniassociates.in/insight-kpi-definitions) - [The month-end close as a design problem](https://soniassociates.in/insight-month-end-close) #### Sustainability & ESG (1) - [Assurance of BRSR Core begins with data lineage](https://soniassociates.in/insight-brsr-assurance) Featured newsletter ## The Brief A fortnightly email for CFOs, controllers, and founders: one piece of analysis, and the regulatory changes worth knowing about. Nothing promotional. You can choose topics on the [subscription page](https://soniassociates.in/subscribe), and unsubscribe whenever you like. --- Soni Aditya & Associates, Chartered Accountants. Office No 502, Unit 507, 5th Floor, 45 Baner Street, Baner, Pune, Maharashtra 411045, India. aditya@soniassociates.in · +91 93400 75288 · https://soniassociates.in/contact This website is published for general information, in keeping with the guidelines of the Institute of Chartered Accountants of India on members’ websites. It does not advertise or solicit work, and nothing on it is professional advice. Publications reflect the law and standards at the date they were written, so please take advice on your own facts before acting. Client engagements described here are anonymised. Site index for agents: https://soniassociates.in/llms.txt Canonical page: https://soniassociates.in/insights