Standards are for firms that are not required to follow Indian Accounting Standards. Most of these would be private, with very small net worth or turnover or indebtedness, according to NFRA
The audit review report has found violations with respect to the assessment of the use of the going concern assumption by the management
The independent watchdog for auditing profession has sought applications for 10 posts of consultants and senior consultants on one-year contract basis
After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago that was previously the office of the Competition Commission of India
Independent and robust regulation of auditors a must