NFRA chairperson says audit committees need to ensure independence of auditors

NFRA chairperson says audit committees need to ensure independence of auditors https://www.taxtmi.com/news?id=53833 Audit committees must ensure auditor independence and effective communication among management, independent directors and auditors. They should oversee external auditors, monitor related party transactions and disclosures, and ensure comprehensive internal controls because weak controls can compromise the truthfulness of financial statements. Auditors are urged to adopt a risk-based audit approach and use technology to strengthen audit quality and foster transparency in corporate governance. en-us Thu, 28 Aug 2025 15:46:02 +0530 Thu, 28 Aug 2025 15:46:02 +0530 TaxTMI RSS Generator NFRA chairperson says audit committees need to ensure independence of auditors https://www.taxtmi.com/news?id=53833 Audit committees must ensure auditor independence and effective communication among management, independent directors and auditors. They should oversee external auditors, monitor related party transactions and disclosures, and ensure comprehensive internal controls because weak controls can compromise the truthfulness of financial statements. Auditors are urged to adopt a risk-based audit approach and use technology to strengthen audit quality and foster transparency in corporate governance. News - Thu, 28 Aug 2025 15:46:02 +0530 https://www.taxtmi.com/news?id=53833