Regulatory updates

Back to Latest Updates

The regulatory updates publication issued by the Foundation for Audit Quality (FAQ) highlights the latest developments in accounting, auditing and regulatory developments in India and internationally.

Regulatory updates for April 2023

The Reserve Bank of India (RBI) issued the Framework for acceptance of green deposits (the framework). The framework would be applicable to the Regulated Entities (REs) w.e.f. 1 June 2023. Some of the key aspects enunciated in the Framework include:

  • Frameworks/policies to be developed by REs
  • Financing framework
  • Use of proceeds
  • Third-party verification/assurance and impact assessment
  • Reporting and Disclosures

Additionally, various publications have been released by the regulators during this month. Some of these include:

  • ICAI Technical Guide on Disclosure and Reporting of KPIs in Offer Documents
  • Compendium of Indian Accounting Standards (Year 2023-2024)
  • SEBI FAQs on Prohibition of Insider Trading Regulations
  • IAASB consultation paper on its revised going concern standard

This issue of the regulatory updates publication covers some of the important updates on regulatory matters and other Discussion/Consultation papers and Publications for the period from 1 April 2023 to 30 April 2023 also highlights some of the action points that auditors may consider when applying the relevant provisions.

Regulatory updates for April 2023   PDF

India updates

India Updates

International updates

International Updates

Discussion/Consultation papers and Publications

Publications

Matters for auditors’ attention

Matters for auditors’ attention


Download PDF for the month of April 2023
April 2023 PDF

Archives

Archives

Our Insights

Tools and Enablers
Resources
Events and Webinars
Sectoral Insights

Reach out to us

;