ICAI Requests NFRA To Withdraw NFRA Consultation On Statutory Audit Of MSMCs

ICAI Requests NFRA To Withdraw NFRA Consultation On Statutory Audit Of MSMCs

ICAI has requested NFRA to withdraw NFRA consultation paper on statutory audit of MSMCs.

The conclusion of the letter is as under:
Conclusion
1.) ICAI proposes that NFRA deliberate the Revised approach paper and the standards at its full meeting of its members.

2.) Consultation Paper on and Auditing Standards for MSMCs, be withdrawn forthwith and deliberated at a Full meeting of its members.

This is to mention here that the mode of communication opted by NFRA i.e., talking through media should not be opted and this kind of matters of relevance should be discussed with the Board Members at the NFRA Board Meeting.