Is it compulsary for the statutory auditors of a public quoted Co. to attend the audit committee meetings under any Act, regulations or guidelines ? Pls. give the references also.
If compulsary, what are the implications to the auditor if not attended?
As far as a Listed Company is concerned, acc to companies act, it is stated that the Internal as well as the statutory auditors shall attend the ACM under Sec 292A of the Companies Act,1956.
Priyanka
Sec 292A says:
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