LONDON (Thomson Reuters Regulatory Intelligence) - As more large firms go bankrupt in the UK, external auditors and the body that oversees them, the Financial Reporting Council (FRC), continue to be ...

With the lockdown extended till May 3 and impacting business activities, bankers have sought permission for remote audit of branches as part of the statutory audit for the annual closing exercise.

Considering the lockdown situation prevailing in the country due to the spread of COVID-19, the Reserve Bank of India (RBI) has given public sector banks (PSBs) some flexibility to reduce the number ...

A nonstatutory audit report is any audit that is not legally required. For example, the Securities and Exchange Commission and the Sarbanes-Oxley Act both require companies to perform certain types of ...

The role and significance of an internal audit, unlike a statutory audit, has not received the attention that it deserved in the debates and reforms that followed cases of corporate collapses in India ...