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Thursday, October 3, 2024

'Principal auditor is responsible for a/cs'

NFRA clarified that principal auditors are accountable for consolidated financial statements in group audits, highlighting past failures involving IL&FS and Reliance Capital. Emphasizing mandatory adherence to auditing standards, NFRA dismissed claims that standard provisions were optional and confirmed auditors' rights to review subsidiary records.

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...