Sachin Pilot says a company cannot be audited for more than 5 years

Corporate Affairs Minister Sachin Pilot has considered the deep relation of managers and auditors as a reason of accounting frauds and these matters will not be allowed more as after the Satyam scam the makers of law have become more conscious. The cozy relation between auditors and management bring many problems to the system and judicial body is making a new body in this issue.

This judicial custody will look after the reporting of financial issues and irregular things. Now the auditor cannot audit a company for more than 5 years. The main issue behind this is to control the scam as big corporate scams of the country.

Besides this to help in the terms of audit, CA Portal from Sag InfoTech offers you the best audit and management consultancy as a corporate financial advisor. It adds more clients for a charted accountant to provide him best taxation, audit and corporate services.

Corporate Affairs Minister Sachin Pilot has considered the deep relation of managers and auditors as a reason of accounting frauds and these matters will not be allowed more as after the Satyam scam the makers of law have become more conscious. The cozy relation between auditors and management bring many problems to the system and judicial body is making a new body in this issue.

This judicial custody will look after the reporting of financial issues and irregular things. Now the auditor cannot audit a company for more than 5 years. The main issue behind this is to control the scam as big corporate scams of the country.

Besides this to help in the terms of audit, CA Portal from Sag InfoTech offers you the best audit and management consultancy as a corporate financial advisor. It adds more clients for a charted accountant to provide him best taxation, audit and corporate services.