https://www.taxtmi.com/article/detailed?id=5291 The Act reinforces auditor obligations by mandating rotation to protect independence, expanding access to books and subsidiary records for consolidation, and requiring auditors to report on the adequacy of internal financial controls and cash flow statements. Auditors must give reasons for adverse or qualified findings, ensure such qualifications affecting company functioning are read at general meetings, and attend those meetings. Auditors, company secretaries and cost accountants must report suspected fraud to the central government, certain non audit services are prohibited, and attempts to limit auditor rights are void. en-us Wed, 25 Sep 2013 21:14:21 +0530 Fri, 15 Nov 2013 14:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5291 The Act reinforces auditor obligations by mandating rotation to protect independence, expanding access to books and subsidiary records for consolidation, and requiring auditors to report on the adequacy of internal financial controls and cash flow statements. Auditors must give reasons for adverse or qualified findings, ensure such qualifications affecting company functioning are read at general meetings, and attend those meetings. Auditors, company secretaries and cost accountants must report suspected fraud to the central government, certain non audit services are prohibited, and attempts to limit auditor rights are void. Articles Corporate Laws / IBC / SEBI Wed, 25 Sep 2013 21:14:21 +0530 https://www.taxtmi.com/article/detailed?id=5291