Information Technology & Software

India is the topmost offshoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India.

The global sourcing market in India continues to grow at a higher pace compared to the IT-BPM industry. India is the leading sourcing destination across the world.

Leading Indian IT firms are diversifying their offerings and showcasing leading ideas in blockchain, artificial intelligence to clients using innovation hubs, research and development centres, in order to create differentiated offerings.

Audit in IT sector mainly looks into the manpower and facility cost apart from the compliance obligations. Since most of the players in this sector are into international business compliance is a major thing to look into.

• Transfer pricing and the implications of different laws in force are the main areas that need attention.
• Since this being a manpower oriented business, the facility expenses are to be seriously monitored: like travel, cab, hotel accommodation, travel.
• Companies will be into multiple book closure dates and drawing of financial statements will be necessary for the stakeholders