WITHDRAWAL OF THE STATEMENT ON QUALIFICATIONS IN AUDITOR’S REPORT

The Council of The Institute of Chartered Accountants of India has decided to withdraw the Statement on Qualifications in Auditor’s Report except paragraphs 2.1 to 2.30, dealing with report under section 227 (1A) of the Companies Act, 1956. The Council has further decided to keep the paragraphs 2.1 to 2.30 of the existing Statement and rename the Statement as “Statement on Reporting under section 227 (1A) of the Companies Act, 1956.