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.




News posted by

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.

Comments :


More »

Popular News





CCI Pro



Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details