ICAI welcomes amendment related to fraud reporting in Companies Bill 2014



The Companies Act, 2013 had specified a new reporting requirement for the statutory auditors of companies. Under Section 143(12) of the Companies Act, 2013 the auditor was required toreport on frauds/ suspectedfrauds in certainsituationslaid down in the section.Considering the challenges for the auditors in reporting under this section, ICAI had made several repre
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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