Requirement of annual transparency report by audit firms will be implemented in a gradual manner for public interest entities starting with statutory auditors of top 1,000 listed companies by market capitalisation with effect from FY23 financial statements.
A three-judge bench of the Supreme Court (SC) has, by its order on 2 March 2023 set up a committee, an offshoot of the ongoing stock market imbroglio concerning the precipitous fall in the share prices of the Adani group companies, following allegations contained in the now famous Hindenburg revelations.
The National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of annual transparency report (ATR) by auditor and audit firms.In accordance with Rule 8(2) of the NFRA Rule 2018, NFRA .
The National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of annual transparency report (ATR) by auditor and audit firms.
In accordance with Rule 8(2) of the NFRA Rule 2018, NFRA intends prescribing publication of ATR containing certain critical information about the auditor s operational activities, management, governance and ownership structures, and policies and procedures necessary to deliver high-quality audits.The