The National Financial Reporting Authority (NFRA) is proposing to revisit compulsory statutory audit. The audit regulator has floated a paper seeking public and stakeholder comments on whether MSMCs should be out of the ambit of mandatory statutory audit currently stipulated under the company law for all companies.Major economies of the world require statutory audit for small companies only in case some minimum criteria of public interest are satisfied, it said, adding that even in India, income tax audit was now not compulsory where the turnover is ₹10 crore or less, provided not more than 5% of the transactions were in cash. Goods and services tax audit had also been completely done away with."It is, therefore, appropriate to revisit the requirement of compulsory statutory audit for all companies irrespective of their size and/or public interest," an official statement said.The NFRA has prepared a consultation paper explaining the issues involved, it added.
A professional and modern illustration of job seekers searching for jobs on their laptops and smartphones. The scene includes a large job search portal on a screen displaying job listings, with people interacting with it. The background features a city skyline, symbolizing local job opportunities. The color scheme is bright and inviting, with a mix of blue and green tones to represent trust and growth. Looking for job openings near me ? You’re in the right place! Whether you’re searching for a full-time career, part-time work, or remote opportunities, this guide will help you find the best job openings in your area quickly and easily. Why Search for Local Job Openings? Finding a job near you offers several benefits, including: Shorter commute times Better work-life balance More networking opportunities in your local community Faster hiring process with local employers How to Find the Best Job Openings Near You Here are some proven strategies to land a job in your area: 1. Use Job Sear...
Comments
Post a Comment