Swipe through the latest business and wealth clues with our android app

Sebi looks to bring more transparency in auditor resignations, audit committee processes

After a spate of resignations by statutory auditors, SEBI is looking to strengthen disclosures to bring more transparency and to strengthen audit committee processes. The market regulator has proposed changes to the Listing Obligations and Disclosure Requirements (LODR), 2009 that will require an auditor to complete and sign the audit report before resigning, and give details of information not provided by a company. In many recent instances, statutory auditors have resigned from listed entities citing lack of disclosure. The current proposal aims to make it mandatory for a resigning auditor to specify details of information not provided by the company.

Read More at Bloomberg Quint News date : 19 Jul 2019, Friday

©2019 TheNewsClues