Statutory auditors may not get large companies’ non-audit operations

Author: External Author |

Article by Business Law Chamber

The government is looking to ban statutory auditors from taking up non-audit work on “public interest” companies — which means those that are listed or are above a certain threshold — and their subsidiaries.
Besides, it is exploring the possibility of joint audit for certain companies as part of the amendments to the Companies Act, for which a Bill is planned to be introduced during the Budget session of Parliament that reconvenes next month, sources told TOI.

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Original Article Source Credits:   The Times Of India , https://timesofindia.indiatimes.com/

Article Written By:  Sidhartha 

Original Article Posted on:  Feb 21, 2022

Link to Original Article:  https://timesofindia.indiatimes.com/business/india-business/statutory-auditors-may-not-get-large-companies-non-audit-operations/articleshow/89712943.cms