The battle between the statutory auditor, the shareholders, the governance and ethics committee, the government authorities and hefty fees, is a never-ending one. The government’s response of band-aiding the issue does not stop the puss from growing in the already infected relationship. The duty and responsibility of the statutory auditor is to report on the (a) going […]
The Ministry of Corporate Affairs has been taking various initiatives for ensuring responsible business conduct by companies. As a first step towards mainstreaming the concept of business responsibility, the ‘Voluntary Guidelines on Corporate Social Responsibility’ were issued in 2009. These were guidelines and were voluntary. The objective was to incorporate (a) Care for all stakeholders (b) Ethical […]
