Resignation of statutory auditors: timing and disclosure duties require issuance of pending review/audit reports and immediate Audit Committee reporting. Resignation of statutory auditors from listed entities triggers timing-based requirements to issue limited review or audit reports before resigning, mandates inclusion of these conditions in engagement terms, immediate reporting of concerns to the Audit Committee, and provision of a detailed resignation disclosure in the Annexure A format; the Audit Committee must deliberate, communicate views to management and disclose those views to stock exchanges within twenty-four hours of its meeting, and entities must continue cooperation until required reports are filed.
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.
Resignation of statutory auditors: timing and disclosure duties require issuance of pending review/audit reports and immediate Audit Committee reporting.
Resignation of statutory auditors from listed entities triggers timing-based requirements to issue limited review or audit reports before resigning, mandates inclusion of these conditions in engagement terms, immediate reporting of concerns to the Audit Committee, and provision of a detailed resignation disclosure in the Annexure A format; the Audit Committee must deliberate, communicate views to management and disclose those views to stock exchanges within twenty-four hours of its meeting, and entities must continue cooperation until required reports are filed.
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