Move aims to simplify financial reporting and reduce compliance burden for companies with low annual turnover The Ministry of Corporate Affairs is considering a major compliance relief for ...

NEW DELHI: India’s audit regulator on Friday pointed to gaps and inadequacies in procedures followed and documentation of statutory audits done by top audit firms. The National Financial Reporting ...

A nonstatutory audit report is any audit that is not legally required. For example, the Securities and Exchange Commission and the Sarbanes-Oxley Act both require companies to perform certain types of ...

An audit is a systematic process of objectively obtaining and evaluating the accounts or financial records of a governmental, business, or other entity. Whereas some businesses rely on audits ...