audit quality: NFRA finds certain lapses in audit quality of network entities of Big 4

The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality controls evaluate their adherence to Standards on Quality Control (SQC-1) and selected audit documentation of the annual statutory audit of financial statements for the year ended March 31, 2021, according to four separate reports released by NFRA on Friday.

Related Keywords

India , ,Haskins Sells ,Deloitte ,Ernst Young Global Limited ,National Financial Reporting Authority ,Price Waterhouse Chartered Accountants ,Independence Policy Of The Audit Firm Do ,Quality Control ,Young Global Limited ,Companies Act ,Independence Policy ,Audit Firm ,Audit Quality ,Network Entities ,Big 4 ,Infra ,Audit Firms ,Audit Documentation ,Audit Risk ,Quality Controls ,Financial Statements ,