The weekly messenger | Edition 12.22
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas
Auditing News
AASB – Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects – 15 April 2022
Pursuant to the increasing regulatory and reporting requirements, the role of auditors has increased manifolds, which in turn has resulted in increased expectation from the auditors. Therefore, to provide necessary support to the members in practice with respect to the Statutory Audit of Entities pertaining to auditing aspects, the Auditing and Assurance Standards Board (AASB) of the ICAI has formed an Expert Panel which will provide technical support to the members with respect to their queries and concerns on auditing aspects.
The queries can be sent at auditfaq@icai.in from 16 April 2022 till 30 September 2022.
For more information, click here.
Regulatory News
XBRL based filing of Statement of investor complaint under Regulation 13(3) for Listed Companies – 12 April 2022
As per Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements (LODR)) Regulations, 2015, listed entities are required to submit statement giving the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter within 21 days from the end of each quarter.
In order to make the aforesaid disclosure more accurate and efficient, the Bombay stock Exchange (BSE) in consultation with SEBI, has introduced a facility of filing of statement of redressal of investor grievance in XBRL mode with immediate effect.
For more information, click here.