CA, CS, CMA : The article explains why oversight of auditors is essential to maintain public confidence in financial reporting. It highlights th...
CA, CS, CMA : Discover the 8 key mental skills top auditors use: remembering patterns, understanding the business story, connecting financial da...
CA, CS, CMA : This guide compares auditor report wording and structure across major global jurisdictions, including the US, UK, EU, and India....
Company Law : Learn the rules for auditor appointments under the Companies Act, 2023, including first auditor, subsequent appointments, casual v...
CA, CS, CMA : एनएफआरए सूचीबद्ध कंपनियों में वित्तीय धोखाधड़ी ...
Company Law : The concept of Auditor independence requires the auditor to carry out his or her work freely, with integrity and in an objective m...
CA, CS, CMA : It is requested to kindly consider amendment in the explanation to Section 288(2) of the Income 'lax Act. 1961 'so as to include t...
CA, CS, CMA, Company Law : 1. Revised SA 700, Forming an Opinion and Reporting on Financial Statements. 2. New SA 701, Communicating Key Audit Matters in the...
Finance : The world's four biggest accounting firms are to appoint non-executive directors after coming under growing pressure from regulato...
Finance : That being the case, some of the people that you knew while they were in public accounting have completely disappeared never to he...
Company Law : Challenge to constitutional validity of section 140(5) of Companies Act, 2013 fails and it is observed and held that section 140(5...
Company Law : ROC Kanpur imposed a ₹40,000 penalty on SEN HON LEE TECHNOLOGIES and directors for violating Section 118/146, stemming from the ...
Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...
CA, CS, CMA : NFRA imposes monetary penalty of Rs Five Lakhs upon CA Rajiv Bengal In addition he is debarred for Five years from being appointed...
CA, CS, CMA : The Finance Ministry revises remuneration for RRB statutory auditors, detailing audit fees, travel allowances, and expense norms f...
Explore intricacies of Section 139(2) in Companies Act, covering appointment of statutory auditors and addressing casual vacancies. Learn about auditor terms and implications
Explore comprehensive guide to Chapter X of Companies Act 2013, covering audit and auditors’ critical provisions and regulations in India.
Supreme Court’s recent decision in Deloitte Haskins and Sells LLP to uphold Section 140(5) of Companies Act 2013 & its impact on auditors in India.
Explore the auditor’s role in detecting and preventing errors and frauds in auditing. Learn about responsibilities, challenges, and regulatory requirements.
NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.
Discover the importance of maintaining a ‘true and fair view’ in financial statements and the crucial role of auditors in ensuring compliance. Learn about the statutory obligations, requirements, and responsibilities of auditors and directors to present accurate and unbiased financial information. Gain insights into the meaning of ‘true’ and ‘fair’ in accounting, the concept of substance over form, and the need for reliable and independent assessments.
Challenge to constitutional validity of section 140(5) of Companies Act, 2013 fails and it is observed and held that section 140(5) is neither discriminatory, arbitrary and/or violative of Articles 14, 19(1)(g) of Constitution of India
Understand the auditors responsibility in relation to audit trail effective from April 1, 2023. Learn the key definitions, implications for accounting software, and the audit approach. Stay compliant with the latest regulations.
EY ban in Germany has sent shockwaves through auditing profession, with EY facing a two-year ban from taking on audits of new public interest entities as a result of its failures as auditor of Wirecard.
Section 144 of Companies Act 2013 imposes restrictions on services that auditors can provide. These restrictions are in line with globally accepted standards on auditing and aim to ensure auditor independence.
