Tag Archives: #AuditOversightFramework

Who audits auditors in India?

Auditors in India Auditors in India, The Institute of Chartered Accountants of India, established in accordance with the Chartered Accountants Act of 1949, assumes the role of the authoritative governing body entrusted with the regulation of the auditing profession in India. Under its jurisdiction, the ICAI oversees and maintains standards, ensuring the proper conduct and… Read More »

What is an external audit?

 An External Audit An external audit, also referred to as an independent audit or statutory audit, involves an impartial auditor examining a company’s financial statements and accounting records. The main objective of this audit is to provide assurance to the stakeholders of the company, including shareholders, creditors, and investors. It verifies that the financial statements… Read More »