RBI’s new auditor norms to enhance audit quality: ICAI

RBI’s new auditor norms to enhance audit quality: ICAI

Reetu | May 28, 2021 |

RBI’s new auditor norms to enhance audit quality: ICAI

RBI’s new auditor norms to enhance audit quality: ICAI

Chartered Accountant’s apex body ICAI said Reserve Bank’s new norms for appointment of auditors will help bring in a large number of capable audit firms into the banking and financial sector auidting works as well as enhance audit quality. Noting that the norms are in the “right direction’, ICAI President Nihar N Jambusaria said apart from auidt quality, the norms will enhance “auditor independence and strengthen corporate governance”. The Institute of Chartered Accountants of India said harmonising norms for appointment of auditors of various entities in the financial sector is the right step towards ensuring independence and transparency.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"


Tags: Audit, CA, ICAI, RBI