ICAI and NFRA Divided Over New Group Audit Standards
ICAI's revised SA 600 retains reliance on subsidiary auditors with safeguards, while NFRA demands sole responsibility for group auditors. The final decision now rests with the government.
ICAI's revised SA 600 retains reliance on subsidiary auditors with safeguards, while NFRA demands sole responsibility for group auditors. The final decision now rests with the government.