Monitoring and enforcing audit standards: Authority may review workpapers, test procedures, request reports and publish non compliance findings. The Authority may review auditors' working papers, audit plans and communications, test audit and quality control procedures, evaluate the sufficiency and documentation of an auditor's quality control system, require reports on auditor governance and internal processes, seek additional information or personal attendance of auditors, and pursue further investigation or enforcement through its Division; monitoring is to be performed by experienced officers or experts and findings of non compliance may be published except where documented public interest reasons counsel nondisclosure, with confidential material possibly sent to the Central Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Monitoring and enforcing audit standards: Authority may review workpapers, test procedures, request reports and publish non compliance findings.
The Authority may review auditors' working papers, audit plans and communications, test audit and quality control procedures, evaluate the sufficiency and documentation of an auditor's quality control system, require reports on auditor governance and internal processes, seek additional information or personal attendance of auditors, and pursue further investigation or enforcement through its Division; monitoring is to be performed by experienced officers or experts and findings of non compliance may be published except where documented public interest reasons counsel nondisclosure, with confidential material possibly sent to the Central Government.
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