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Aswin asked 1 year ago

Stat.Auditor’s Additional reporting requirements in NBFC are to BOD. Isnt there any requirement to report to shareholders about these non-compliances if any or does BOD has to compulsorily provide the additional requirement report by auditor to shareholders

1 Answers
RaviRavi Staff answered 1 year ago

NBFC Reporting Directions required auditor to report to BOD on various matters and also to RBI if there is non compliance.
If accounting treatment is not appropriate for non compliance of law we may report it in audit report to shareholders and even if it is appropriate, we may put EMP to highlight any important matter

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