MCA invites comments to enhance audit independence and accountability



Quick Summary
The Ministry of Corporate Affairs (MCA) has released a consultation paper to review current laws and propose amendments aimed at strengthening audit independence and accountability. They are encouraging public input on these proposals. Individuals and organisations can submit their suggestions, along with brief justifications, via email by 28th February 2020.

GOVERNMENT OF INDIA
Ministry of Corporate Affairs
NOTICE INVITING COMMENTS ON THE CONSULTATION PAPER TO EXAMINE
THE EXISTING PROVISIONS OF LAW AND MAKE SUITABLE AMENDMENTS
THEREIN TO ENHANCE AUDIT INDEPENDENCE AND ACCOUNTABILITY

Dated the 6th February 2020

1. A consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above consultation paper.

2. Suggestions/comments on above-mentioned consultation paper along with justification in brief may be sent latest by 28th February, 2020 through email at audit.policy@mca.gov.in . It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/comments.

To read more in details, find the enclosed file

FAQ :

The consultation paper aims to examine existing laws and propose amendments to enhance audit independence and accountability.

The consultation paper is available on the Ministry of Corporate Affairs website at www.mca.gov.in.

Comments and suggestions can be sent via email to audit.policy@mca.gov.in.

The deadline for submitting suggestions and comments is 28th February 2020.

When sending suggestions or comments, you should clearly indicate your name, telephone number, and address.




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