Regulatory updates

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The Foundation for Audit Quality (FAQ) is pleased to issue a series of monthly publications on regulatory updates. This publication highlights the latest developments in accounting, auditing and regulatory developments in India and internationally.

Regulatory updates for the month of March 2022

Recently, the Ministry of Corporate Affairs (MCA) notified amendments to certain Indian Accounting Standards (Ind AS). These amendments would be applicable to entities with effect from 1 April 2022.

The Securities and Exchange Board of India (SEBI) has issued clarifications on shareholder approvals for material related party transactions.

This issue of our regulatory updates publication covers some of the important updates on accounting, auditing and regulatory matters for the period from 1 March 2022 to 31 March 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 ‘Recap on key updates’.

Regulatory updates for the month of March 2022   PDF

India updates

India Updates

International updates

International Updates

Recap on key updates

Recap on key Updates
Updates from MCA Updates from SEBI Updates from Reserve Bank of India (RBI)
Download PDF for the month of March 2022
March 2022 PDF

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