IFSCA Prescribes Net Worth Format & GAP Audit
IFSCA mandates Net Worth Certificate format and annual audit checklist for GAPs in IFSC. Certificate due by Sept 30 each year.
Category: Auditing
ICAI Exposure Draft on SA for LCE: Eligibility, Limits, Key Audit Implications
ICAI’s SA for LCE Exposure Draft introduces a simplified audit standard for less complex entities. Learn eligibility limits, exclusions, and key implications for auditors.
NFRA Insights on Related Party Transactions: Audit Expectations/Regulatory Issues
NFRA outlines audit responsibilities, regulatory requirements, and common deficiencies in audits of related party transactions.
NFRA Analysis: Governance Failures/Financial Irregularities in a Listed Conglomerate
NFRA highlights governance lapses, related party abuse, accounting manipulation, and audit failures in a major listed conglomerate.
Delhi HC Upholds ICAI Disciplinary Action Against CA for Audit Lapses
Delhi High Court upholds ICAI’s decision to remove a chartered accountant for audit failures, non-disclosure of liabilities and asset manipulation.