Financial reporting practices and pattern in INDIAN financial institutions

Effective financial reporting in the 21^st century is not only about the quality of accounting rules: it also depends heavily on their technological implementation. Two main critical issues emerge from this scenario: the impact of the new IFRS accounting and reporting model on the quality and reliability of financial information produced; and the need for new tools to verify and analyze such information. Thus, The aim of this paper is to compares the Financial Reporting performance of ICICI Prudential Asset Management Company Ltd. & HDFC Asset Management Company Ltd. through the technological use such as websites of related companies where the companies nowadays publish their reports in electronic form. This Digital and standardized business reporting most likely will transform financial statement analysis into an automated process, while it will also eXpedite the delivery of information to the users via the web.