CA Sansaar
ICAI to Define Responsibilities of Group and Subsidiary Auditors
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The Institute of Chartered Accountants of India is preparing to recommend a well-defined segregation of duties between lead auditors of corporate groups and auditors responsible for their subsidiaries. The initiative is intended to enhance the reliability of financial statements and strengthen accountability within the audit framework. These proposals will be forwarded to the Ministry of Corporate Affairs and the National Financial Reporting Authority.
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