In order to strengthen the legal regime of auditors and promote development of the audit profession in the country, the Committee of Experts has submitted its report on Regulating audit firms and the Networks. The Committee scrutinized the networking arrangements adopted by the big four audit firms to understand their legal structure and method of operation. The Committee also addressed serious concerns like conflict of interest and transparency.
from taxmann.com News https://ift.tt/2ODtl0k
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