Thursday 15 November 2018

India: Committee report - regulating audit firms and networks

The Committee formed by the Ministry of Corporate Affairs to examine the regulatory framework and liability of audit firms, and to make reform recommendations, has published its report: see here (pdf). The Committee considered the role and powers of the new National Financial Reporting Authority, noting the delay in creating this new audit regulatory (Rules are still being made - see, e.g., those published earlier this week here, pdf).

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