ICAI’s FRRB flags 388 serious audit lapses; refers 205 cases for disciplinary action and 183 to regulators
The ICAI’s FRRB has reviewed 1,307 cases since inception, covering 70% of India Inc’s market capitalisation. An FRRB official said the Board continues to strengthen audit quality. How effectively are auditors addressing material lapses? Are regulators acting on the 183…
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