Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Companies Law - Highlights / Catch Notes

Home Highlights June 2023 Year 2023 This

Statutory Auditors’ Responsibilities in relation to Fraud in a ...


NAFRA Issues New Guidelines for Auditors: Enhance Fraud Detection, Report to Authorities, Ensure Compliance with Companies Law.

June 28, 2023

Circulars     Companies Law

Statutory Auditors’ Responsibilities in relation to Fraud in a Company - NAFRA issued certain guidelines.

 

View Source

 


 

You may also like:

  1. The National Financial Reporting Authority (NFRA) held that the auditor committed professional misconduct u/s 132(4) of the Companies Act, 2013 and Section 22 of the...

  2. Statutory Auditor (Chartered Accountant), Cost Auditor or Secretarial Auditor has to report the fraud in the company in the prescribed manner. - Notification

  3. Valuation- inter-connected undertaking - related parties or not - applicability of doctrine of mutuality of interest - The fact that Appellant 1 and Appellant 2 were not...

  4. Preferential Transactions or not - documents being “Transaction Audit Report” and “Forensic Audit Report” were not provided to the Appellants - whether the impugned...

  5. Guidelines for Enhanced Disclosures by Credit Rating Agencies (CRAs)

  6. RBI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13

  7. New and Revised Auditors’ reporting standards (w.e.f. accounting periods starting 01/04/2018)

  8. Adoption of special auditor's report only in part - estimation made on the assessment - validity of audit report based on sampling made by the Auditor - Auditing and...

  9. Companies (Auditor's Report) Order, 2016 - Notification

  10. Revocation proceedings initiated against a customs broker's license were deemed invalid due to the absence of an "offense report" as mandated by Regulation 17 of the...

  11. The Securities and Exchange Board of India (SEBI) issued the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2024, effective upon...

  12. The High Court examined the jurisdiction of the Assessing Officer (AO) and the prescribed income-tax authority to issue notices u/s 143(2) of the Income Tax Act. It held...

  13. Alleged professional misconduct by auditors involving diversion of funds, understatement of diverted funds, evergreening of loans through fund circulation, fraudulent...

  14. Maintainability of suit - exclusive jurisdiction of the National Company Law Tribunal - The specific case of the plaintiff is fraud and the said fraud is to be...

  15. Guideline Issued by The Institute of Chartered Accountants of India - Notification

 

Quick Updates:Latest Updates