{"id":32834,"date":"2018-10-29T16:39:07","date_gmt":"2018-10-29T11:09:07","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=32834"},"modified":"2018-10-29T16:39:07","modified_gmt":"2018-10-29T11:09:07","slug":"government-looks-to-plug-gaps-in-exits-of-auditors-directors","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/government-looks-to-plug-gaps-in-exits-of-auditors-directors\/","title":{"rendered":"Government looks to plug gaps in exits of auditors, directors"},"content":{"rendered":"

G<\/u>overnment looks to plug gaps in exits of auditors, directors<\/u><\/a><\/p>\n

News<\/u><\/p>\n

    \n
  1. In the wake of many auditors (for example- close to 200 auditors this year) who quit the company when the company gets in trouble, the government is looking to tighten the rule these auditors and directors.<\/li>\n<\/ol>\n

    Important Facts:<\/u><\/p>\n

    2. National Financial Reporting Authority (NFRA) is asked to review the audit standards and suggest how to make auditors accountable.<\/p>\n

    \"\"<\/p>\n

    3. Under the law, an audit firm, which is a custodian, cannot simply walk out of an assignment that has been given by the shareholders. If there are concerns, they need to be reported properly.<\/p>\n

    4. Ministry of corporate affairs had sought reasons for large scale auditor resignations in companies. For example- 200 auditors have resigned this year.<\/p>\n

    5. In case of directors, the government plans to tighten the reporting norms where more disclosures are planned.<\/p>\n

    6. The ministry of corporate affairs is seeking to strengthen governance standards as part of government\u2019s clean up drive for India Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Government looks to plug gaps in exits of auditors, directors News In the wake of many auditors (for example- close to 200 auditors this year) who quit the company when the company gets in trouble, the government is looking to tighten the rule these auditors and directors. Important Facts: 2. National Financial Reporting Authority (NFRA)… Continue reading Government looks to plug gaps in exits of auditors, directors<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-32834","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704900766},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=32834"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32834\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=32834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=32834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=32834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}