MCA has no plan to remove Small Company Audit: Clarifies ICAI

MCA has no plan to remove Small Company Audit: Clarifies ICAI President ICAI has clarified that MCA has no plan to remove Small Company Audit. Presid…

CA Deepak Gupta

Sep 6, 2021

Last update on Sep 6, 2021

MCA has no plan to remove Small Company Audit: Clarifies ICAI President ICAI has clarified that MCA has no plan to remove Small Company Audit. President ICAI CA Nihar N. Jambusaria addressing Members regarding Latest Developments at ICAI has clarified that MCA has no plan to remove Small Company Audit. ICAI President has confirmed that they have communicated with the appropriate authority they have not decided any thing of this sort nor there is any thought process of eliminating of Audits of Small Companies. Please don't carry any tension regarding this. https://www.youtube.com/watch?v=1fJ5nlpZS-0&t=1s As per a news report by CNBC Awaaz, their was rumour, that MCA is planning to do away with Statutory Audits of the companies. Finally, this rumor has now been clarified by ICAI President.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.