Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
Stat Audit should not be removed
RT if you stand with the CA profession. ๐
This JPC proposal should concern every CA โ not just small firms.
1๏ธโฃ Small Company definition expanded massively
Paid-up capital: โน20 Cr
Turnover: โน200 Cr
2๏ธโฃ Audit exemption proposed for certain private companies โ subject to prescribed conditions.
What looks like โEase of Doing Businessโ today could become a major blow to the audit profession tomorrow.
If thousands of companies move outside mandatory audit:
โ Tier-3 & Tier-2 CA firms will feel the impact first.
โ Even Tier-1 firms may eventually face pressure.
โ Audit assignments โ โ
โ Professional opportunities โ โ
โ Fee pressure โ โ
Big 4 / large firms may absorb the shock.
But the real impact could fall on the thousands of small & mid-sized CA firms across India.
Audit is not merely a compliance cost.
It is a pillar of financial transparency, accountability and stakeholder confidence.
#CA #CharteredAccountants #Audit #ICAI #CompaniesAct #CAProfession #JPC
Ram Bajaj
8696424223
For Regular GST Updates, Join this Group
https://t.co/8mbKFyIGeU