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ICAI opposes proposed changes by NFRA in auditor responsibility for firms

by AIP Online Bureau | Sep 23, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The NFRA’s proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd., Dewan Housing and Finance Ltd. and IL&FS Group where a “mechanical reliance was placed by the principal auditor on the work of the...

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