MCA has vide its notification dated 24/3/2021 made some amendment to the Companies (Audit & Auditors), Rules, 2014. These amendments come into effect from 1st April, 2021. Salient features of these amendments are :
The para relating to specified bank notes which was introduced post demonetisation has been removed.
Some new paras have been added which has to find place in the Auditors Report from 1/4/2021 which are as follows: