Checking, not a re-audit of Sensex & Nifty Cos, says SEBI
File details
File description
It is not clear how this will work in practice. It would be quite extraordinary (and virtually unheard of in the world of joint stock companies) for one auditor to be sitting in judgment on another’s work. Indeed, some may be reluctant to get into not such review work because of the possibility of messy disputes; others may seize the chance to question the work of rival firms. If such situations are to be avoided, it should be clear that what is being attempted is not a re-audit but a process review. Anything beyond that could lead to more problems than solutions. #doc
Comments
Recent Files in Audit
View more →Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
