Audit Rules News Today

The Securities and Exchange Commission (“SEC”) recently adopted sweeping new rules (the “Rules”) under the Investment Advisers Act of 1940 (the “Advisers Act”) that include significant...

Fitch revised its OE mid-point score for Indian banks to ‘bb’ from ‘bb+’ in March 2020, after assessing that pandemic was likely to worsen existing OE stresses facing the sector.

Despite the current economic uncertainties most CFOs are now focusing on hiring and retaining talent as part of an assessment of their company’s abili...

Biden Administration proposed limited changes to taxation of partnerships.1. Prevent Basis Shifting by Related Partners, 2. Amend the Bipartisan Budget Act of 2015’s Centralized Partnership Audit Regime. Proposal would be effective date of enactment all open taxable years.

Regardless of when the review takes place, registered advisers should be sure to document the review process and the outcomes of the review.

In April the banking regulator had issued new norms that tightened appointment of auditors and capped the numbers based on the asset size of the bank with an aim to prevent wide variations in asset classification and misleading accounts statements.