Audit Committee notes companies act 2013
Section 177: Audit Committee notes companies act 2013 The Act has enlarged the responsibilities of auditors to include monitoring of auditors’ independence, evaluation of their performance, approval of modification of related-party transactions, scrutiny of loans and investments, valuation of assets and evaluation of internal controls and risk management. They have to establish a vigil mechanism and protection for any wh istle-blower. The members must be able to understand financial statements and have a majority of Independent Directors. Large companies must mandatorily have professional internal auditors. 1. The requirement of constitution of Audit Committee has been limited to: (a) Every listed Companies; or (b) The following class of companies – ..... Download complete file of this free cs companies act 2013 notes #Companies act 2013 free notes book
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