Auditors struggle to meet compliances as travel curbs make site visits tough
Auditors must undertake several checks, including a physical examination of factories and machinery, and also provide their opinion on issues such as impairment of assets.
Synopsis
Sebi rules require a company to file its annual report within 60 days from the end of the financial year (FY ends on March 31 and the filing deadline is May 31). The annual reports must contain all the necessary audit reports.
Auditors are struggling to meet year-end compliance deadlines for listed companies due to the mobility curbs imposed by several states to prevent a further surge in the second wave of coronavirus infections.
Sebi rules require a company to file its annual report within 60 days from the end of the financial year (FY ends on March 31 and the filing deadline is May 31). The annual reports must contain all the necessary audit reports.
Auditors
