The Foundation for Audit Quality is pleased to launch a series of monthly publications on regulatory updates. This publication highlights the latest developments in accounting, auditing and regulatory development in India and internationally.
Recently, the Institute of Chartered Accountants of India (ICAI) issued a revised guidance note on Schedule III for Divisions I, II and III, incorporating guidance for entities to report under the revised clauses in Schedule III.
The Securities and Exchange Board of India (SEBI) provided certain clarifications on schemes of arrangements for listed entities. This issue of our regulatory updates publication covers some of the important updates on auditing and regulatory matters for the period from 1 January 2022 to 31 January 2022. It also highlights some of the action points that auditors may consider when applying the relevant provisions.
During the financial year 2021-22, a number of important updates have been issued by various financial and regulatory bodies such as ICAI, SEBI, RBI, ICAI and other regulators. These updates have been summarised below along with their applicability dates in the section on ‘Recep on key updates’. Click here to access the publication
