Dark Secrets of Big 4s

Written by a former Big 4 article. They employ around 1,60,000 CAs and set the standard for quality and methodology – but some uncomfortable facts deserve an honest look.

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SA 230

Para A11 of SA 230 makes the completion memorandum optional, not compulsory. Why it is still worth preparing in large and complex audits, and what it should record.

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Update on CARO

A private company that is a subsidiary of a public company is deemed public – but MCA has clarified that a subsidiary of a foreign holding company keeps its private status.

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