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Audit Requirement for India

edited Apr 9, 2024 2:21AM in Financials – General


We have a statutory audit requirement that is applicable from 1st April 2023 onwards:

-- Back up of the books of account/other books & papers maintained in electronic mode, including at a place outside India, shall be kept in servers physically located in India on a daily basis.Books of Accounts should remain accessible in India at all times .

There is a similar requirement for China which was mandated many years back for which Oracle provides a localised data extract process meeting the regulatory needs (see link : How You Export Enterprise Financial Data for China ( to my knowledge there is no such standard extracts from Oracle yet to meet the specific needs from India regulators hence looking for insights to this requirement

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