There’s no sting in audit committees

The concept of audit committees of the board has gained prominence in the corporate world in India and globally after the series of financial scandals, including Enron. The Companies Act introduced Section 292A through an amendment in the year 2000 providing for the formation and functioning of the audit committees. Subsequently, SEBI formed regulations on corporate governance in India.

Source : The Hindu Business Line – 18th July 2017

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