Regulatory Alerts - Foundation For Audit Quality || Faqonline.org

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 May 2022

Some of the important updates relate to extension of the due date for furnishing a report on Corporate Social Responsibility in Form CSR-2 for FY 2020-21 and for FY 2021-22.

Additionally, the Securities and Exchange Board of India (SEBI) constituted an advisory committee on ESG related matters in the securities market. The terms of reference of the committee include enhancements in Business Responsibility and Sustainability Reporting (BRSR), ESG investments, and ESG ratings.

This issue of the regulatory updates publication covers some of the important updates on auditing and regulatory matters for the period from 1 May 2022 to 31 May 2022. It also highlights some of the action points that auditors may consider when applying the relevant provisions.