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Under section 143(10) of the Companies Act, 2013, which authority prescribes auditing standards?

Under section 143(10) of the Companies Act, 2013, the "Central Government" prescribes auditing standards, on the recommendation of the ICAI and after examination of those…

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Under section 143(10) of the Companies Act, 2013, which authority prescribes auditing standards?

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Under section 143(10) of the Companies Act, 2013, the "Central Government" prescribes auditing standards, on the recommendation of the ICAI and after examination of those recommendations by the National Financial Reporting Authority. The "ICAI" and the NFRA take part in the recommendation process, but the Central Government notifies the standards.

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