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Announcement Sub: ICAI invites suggestions/comments from members on Consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability by 12.00 Noon on 21st February, 2020. The Ministry of Corporate Affairs, Govern
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FAQ :
The ICAI is inviting members to provide suggestions and comments on a consultation paper designed to enhance audit independence and accountability.
The consultation paper aims to examine existing legal provisions and propose suitable amendments to improve audit independence and accountability.
Auditor independence means an auditor must carry out their work freely, with integrity, and in an objective manner, without undue influence.
The auditor's report is a public document relied upon by various stakeholders, including shareholders, financial institutions, the government, and the general public.
Members are requested to provide their suggestions and comments to the ICAI by 12.00 Noon on 21st February 2020.
A copy of the consultation paper is available at http://www.mca.gov.in/Ministry/pdf/Comments_08022020.pdf, and members can submit their comments via the provided link: https://forms.gle/uwDoPdgEL7ucsYyy7.
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