Banking Laws (Amendment) Bill 2024: Auditors see higher remuneration but flag independence, quality risks The Banking Laws (Amendment) Bill 2024, passed in the Lok Sabha, grants banks control over auditor remuneration, with experts predicting greater flexibility and higher remuneration to auditors, but raising concerns about audit quality, independence, and potential conflicts of interest. BY: Alekh Shah Vivek Ramji Iyer, Partner at Grant Thornton Bharat LLP, Atul Gala, Partner at Bhuta Shah & Co LLP | Chartered Accountants, Jaspreet Singh, Partner at Nangia & Co LLP, Anish Mashruwala, Partner at JSA Advocates & Solicitors,Rahul Singhal, Audit Matter Expert at S.N Dhawan & Co. Read full story here: https://lnkd.in/d-2cGWiy #Audit #Auditor #Auditquality #governance #remuneration #bankinglaw #loksabha #cfoindia
