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.
The Group of Four (G4) nations, consisting of India, Brazil, Germany, and Japan, met on the sidelines of the United Nations General Assembly to discuss the reform of the UN Security Council. In a joint statement, the ministers emphasized the need for comprehensive reform to address current global challenges. They called for the expansion of the Security Council s membership to make it more representative and efficient, with a particular focus on increasing the participation of developing countries and underrepresented regions.
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