The board of the National Financial Reporting Authority (NFRA) on Tuesday approved a revision of all audit standards issued by the Institute of Chartered Accountants of India (ICAI) in spite of objections from the accountants' body on some of the changes.
NFRA recommended the implementation of the revisions to the government from April 1, 2026, the ministry of corporate affairs said in a statement, marking a major shift in the norms governing statutory audit of companies.
NFRA, formed in 2018, has taken the lead in revising the audit standards and getting them notified as government rules an overdue requirement that was written into the law in 2013.
Bu hikaye Hindustan Times dergisinin November 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hindustan Times dergisinin November 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Batting time: Preparations in lockdown mode for India
All-out attack failed against New Zealand, and Aussie opener Usman Khawaja seems to have a point
Number of crorepati taxpayers surges 323% in 10 yrs
The number of taxpayers with 1 crore plus gross annual income surged 323% to 350,129 in 2023-24 from 82,836 in 2013-14 while the number of income-tax assesses saw a 120% jump in last one decade to 79,212,146, signifying the government's policy nudge to deepen and widen the tax base while shielding the middle class, according government officials aware of the matter.
WHOLESALE PV SALES SLOW IN OCTOBER DESPITE FESTIVE DEMAND
India's wholesale passenger vehicle sales grew marginally year-on-year to 393,000 units in October despite two major festivals celebrated during the month.
Fox News host picked as US def chief
President-elect Donald Trump has said that the new secretary of defence Pete Hegseth is a true believer in America First approach
Biden meets Trump, promises smooth transition of power
Donald Trump left White House on January 20, 2021, as a bitter man angry at the 2020 election results that he continued to reject, as an isolated man whose own party sought to distance itself from Trump after the mob insurrection on US Capitol, as a politician whose political obituary was being widely written in Washington DC and beyond, and as a president who had broken the tradition of peaceful transfer of power.
COP29: Developing nations start work on new climate finance text
After developing countries rejected the first draft on the new collective quantified goal (NCQG), on Tuesday, co-chairs of the programme on NCQG at the COP 29 climate talks in Baku released another iteration, on Wednesday morning that runs into 34 pages.
Cautious rebuilding of Delhi-Kabul ties
The Taliban's appointment of a consul for the Afghan mission in Mumbai appears to be part of a nascent and cautious process of engagement between the two sides.
Looking beyond the CPI numbers
Volatile food prices, abetted by the climate crisis, and geopolitical unrest complicate policy choices
Maha hitmen who shot each other were hired to kill techie
On September 5 evening, panic gripped the crowded Badlapur railway station when a man fired a couple of rounds from his pistol. Police had said it was a fallout of a professional rivalry among sharpshooters hired for the same job.
Tiniest habitat can be conserved, says Rahmani
No species or habitat can be left to disappear. With timely intervention, even species with the smallest population and tiniest habitat can be conserved, veteran ornithologist and former director of Bombay Natural History Society, Asad Rahmani explains in his memoir.
