A/C ABILITY: ANNUAL REPORTS MAY BE REAUDITED

The ministry of corporate affairs is working on a proposal according to which audited annual accounts of companies would be scrutinized on a regular basis. Currently, the government directs special audits only in cases where irregularities come to light. While the ministry of corporate affairs is supposed to review the accounts of unlisted companies, capital market regulator SEBI should take up the review of listed companies.