Finance

ICSI unveils Social Audit Standards.

SEBI proposes to introduce trading in stock market via blocked funds directly from investor’s bank account.

Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99, dated 23-6-2023.

Mere resignation of an auditor from the company does not absolve him from his responsibility to report suspected fraud. NFRA issues detailed circular on Statutory Auditor’s Responsibilities in relation to Fraud in a Company.

Circular NF – 25013/2/2023, dated 26-6-2023.

Auditor debarred by NFRA for 5 years for non-compliance with Standards on Auditing. Monetary penalty also imposed.

ICAI releases checklist on Standards on Auditing (SAs).

SEBI issues interim order cum – SCN restraining 135 entities from accessing market for alleged stock manipulation.

Press Release PR No. 9/2023, dated 21-6-2023.