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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Published by

CA Ravi Taori
(Professor)
Category Audit   Report

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