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Inviting Suggestions on the Consultation Paper on Statutory Audit and Auditing Standards for Micro, Small and Medium Companies (MSMCs)

Start Date :
Nov 12, 2021
Last Date :
Nov 30, 2021
23:45 PM IST (GMT +5.30 Hrs)
National Financial Reporting Authority (NFRA) was established by the Central Government in October 2018 under Section 132(1) of the Companies Act, 2013. An important function of ...
National Financial Reporting Authority (NFRA) was established by the Central Government in October 2018 under Section 132(1) of the Companies Act, 2013. An important function of ...
India is unique among the big economies of today’s world in that it has statutory auditing requirements for all companies, no matter their size or industry. This lack of discrimination between business sectors can be attributed to India’s pivotal role within its economic growth and development as well as one major reason why these entities should not face regulatory burdens but rather support from an environment conducive towards success.
respected sir, my idea is Audit is a must, but it should not be like regualr one, it want to be true and correct, all wnt to pay their taxes ,with out fail GST also and want to correct through Audit, make Audit work as a easy method, reduce paper work, GST filling also want to reduce the difficulties at the time of filling, then all will do Audit.
Audit is must as it ensures growth and development of any country. Mostly it is seen that people run thier business but they don't have their GST no and all.
So it leads to increment in illegal money .
Dear sir/ Madam,
Environment auditing should be must for all small enterprises as they go unseen for spreading pollution.
R/Sir,
1) In energy intensive industry like Steel re-roling mills, there is substantial scope specially in small/medium sector to improve energy requirement per unit of steel. This aspect may be taken into consideration for developing format for sector specific reports.
2) Pollution control is a serious issue in sugar industry due to fermentation and discharge of untreated effluent from sugar mills. Similar specific table or format must be incorporated in Annual report of Sugar mills.
R/Sir,
After going through attached document, a few points are submitted in attached document for consideration please.
Modiji, The audit is based on only documents what is prepared by the Company's chief accountant placed before auditor as only a routine practice.No Government auditing is there to find the profit of the company& the actual process of company in peak&non peak day of manufacture& business transaction. Every final product manufacturing unit machine process should fixed with Govt GST& ITDept.Biometric system& digitally entered the product serial&batch number&date when product rolls out of machine
when secular why caste certificate and classification of caste creed
इस धरती पर बहुत प्रकार के धर्म है और बहुत प्रकार के अधर्म है,
धर्म का मतलब सही और अधर्म का मतलब गलत, होता है,