https://www.taxtmi.com/article/detailed?id=9841 Regulatory guidelines require prior approval or notification for appointment of statutory auditors for banks, UCBs and specified NBFCs, mandate board-approved policies, scalable minimum numbers of joint auditors tied to asset-size, three-year continuous tenures with annual eligibility checks, mandatory rotation after two terms, limits on concurrent audits, cooling-off periods for non-audit work, Audit Committee/Board oversight of independence and escalation mechanisms for non-cooperation, and fee-setting recommendations reflecting scope and risk, all to enhance transparency, auditor independence and audit quality. en-us Tue, 15 Jun 2021 07:52:13 +0530 Tue, 15 Jun 2021 07:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9841 Regulatory guidelines require prior approval or notification for appointment of statutory auditors for banks, UCBs and specified NBFCs, mandate board-approved policies, scalable minimum numbers of joint auditors tied to asset-size, three-year continuous tenures with annual eligibility checks, mandatory rotation after two terms, limits on concurrent audits, cooling-off periods for non-audit work, Audit Committee/Board oversight of independence and escalation mechanisms for non-cooperation, and fee-setting recommendations reflecting scope and risk, all to enhance transparency, auditor independence and audit quality. Articles Goods and Services Tax - GST Tue, 15 Jun 2021 07:52:13 +0530 https://www.taxtmi.com/article/detailed?id=9841