AUDITOR

NFRA to introduce Annual Transparency Report by the Audit Firms

As a step towards enhancing the transparency about management and governance of audit firms and their internal policy framework to ensure high quality audits and preventing conflict of interest by maintaining independence, the National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of Annual Transparency Report (ATR) by auditors/audit firms.  These …

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Empanelment of Stock Auditors, Jammu and Kashmir J&K Bank

Online application from Chartered/Cost Accountant/CMA firms for Empanelment as Stock Auditor

Online application from Chartered/Cost firms Accountant for Empanelment as Stock Auditors FY 2023.24    Online application from Chartered /Cost Accountant firms for Empanelment as Stock Auditors FY 2023-24  How to Register 1. The eligible Chartered /Cost Accountant Firms are required to apply ON-LINE through bank’s website. No other means/ mode of Application/Registration will be accepted. Click …

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Vacancy At National Financial Reporting Authority (NFRA) https://www.livelaw.in/job-updates/legal-jobs-managerassistant-manager-vacancy-at-national-financial-reporting-authority-nfra-187092

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs)

A preliminary analysis has been done by National Financial Reporting Authority (NFRA) on the key financial parameters of the companies registered in India from their MCA-21 filings and it is found that the fees paid to auditors by a large majority of Micro, Small and Medium Companies (MSMCs) are way below what an audit, when …

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APPOINTMENT OF JOINT AUDITOR : IMPACT ON THE CORPORATE WORLD

In last couple of years, the audit profession has received the attention which no other profession has received due to corporate frauds which has surfaced, the kind of economic and regulatory changes taken place (which has not taken place for couple of decades). We have witness complete overhauling of Companies Act, Ind AS and Auditing …

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FIRST TIME IN INDIAN HISTORY : RS. 10,000 CRORE DEFAMATION SUIT AGAINST AUDITOR IN INDIA

First, the statutory auditors resign claiming the company did not provide satisfactory answers to their queries. Then the company’s shares nosedive. Now the company is suing the auditors for false claims and damaging the company’s reputation. This is the story between Price Waterhouse & Co (PwC) and Reliance Capital, a company within the Anil Ambani led Group. …

FIRST TIME IN INDIAN HISTORY : RS. 10,000 CRORE DEFAMATION SUIT AGAINST AUDITOR IN INDIA Read More »