Some relief to auditors, from hanging penalty sword of Rs 25,00,000

CA Ravi Taori | Last updated: 30 December 2015

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26th March 14- Sec 143(12) of Company Act 2013 was notified, which created obligation on auditors to report certain frauds to Central Government (Secretary MCA) As it is a law, materiality limit is not applicable unless specified. So auditor has to report on all frauds irrespective of amount invo

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About the Author

CA Ravi Taori

Professor

Professional Qualifications Chartered Accountant Chartered Financial Analyst(USA) Level III Experience Teaching Since 2007 My dream, passion my hobby is to teach, train, motivate, simplify, groom, and push stud ... Read more

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Some relief to auditors, from hanging penalty sword of Rs 25,00,000

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