Audit Fees

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Next year, NFRA will shortlist 12 firms for inspection and in the next 4-5 years it plans to inspect 20-30 firms every year

Experts want the authority to set some limit on the time it would spend on on-site visits

Seeks approval for revision in remuneration payable to Marico's cost auditors

So far this year, nearly 12 firms have reported resignations by their auditors due to disagreement over fees

Audit companies are still assessing the increase in their workload because of the new rules

Private banks have a single auditor while PSBs have multiple auditors