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'ICAI to soon finish financial statement review of 101 firms'

Mint Mumbai

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July 10, 2023

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), which selected the financial statements of 101 companies for review in the 12 months to February 2023, will complete the process in a few months, said the chief of the accounting rule maker and audit self-regulator

- Gireesh Chandra Prasad

'ICAI to soon finish financial statement review of 101 firms'

The exercise will serve as a test of the robustness of statutory auditing at companies.

ICAI, on its own, or on a reference from a sectoral regulator, reviews financial statements of companies, including the auditor’s report, by its Financial Review Reporting Board (FRRB), president Aniket S. Talati said, explaining how it keeps a watch over audit compliance.

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