{"id":246476,"date":"2021-04-04T11:13:05","date_gmt":"2021-04-04T05:43:05","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=246476"},"modified":"2021-04-04T11:13:05","modified_gmt":"2021-04-04T05:43:05","slug":"companies-audit-and-auditors-second-amendment-rules-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/04\/companies-audit-and-auditors-second-amendment-rules-2021\/","title":{"rendered":"Companies (Audit and Auditors) Second Amendment Rules, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">The Ministry of Corporate Affairs (MCA) has issued Companies (Audit and Auditors) Second Amendment Rules, 2021. The Rules came into force on 1st April, 2021. They further amend the Companies (Audit and Auditors) Rules, 2014 in the following manner:<\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><em>In the Companies (Audit and Auditors) Rules, 2014, in rule 11, in clause (g), for the words \u201cWhether the company\u201d, the words, figures and letters \u201cWhether the company, in respect of financial years commencing on or after the 1st April, 2022,\u201d shall be substituted.<\/em><\/p>\n<p style=\"text-align: justify;\">To read about <em>Companies (Audit and Auditors) Amendment Rules, 2021<\/em>, read <a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/26\/companies-audit-and-auditors-amendment-rules-2021\/\">HERE<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs (MCA) has issued Companies (Audit and Auditors) Second Amendment Rules, 2021. The Rules came into force on <\/p>\n","protected":false},"author":121,"featured_media":246477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-246476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Companies (Audit and Auditors) Second Amendment Rules, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/04\/companies-audit-and-auditors-second-amendment-rules-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Companies (Audit and Auditors) Second Amendment Rules, 2021\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Corporate Affairs (MCA) has issued Companies (Audit and Auditors) Second Amendment Rules, 2021. The Rules came into force on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/04\/companies-audit-and-auditors-second-amendment-rules-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-04T05:43:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/04\\\/04\\\/companies-audit-and-auditors-second-amendment-rules-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/04\\\/04\\\/companies-audit-and-auditors-second-amendment-rules-2021\\\/\"},\"author\":{\"name\":\"Prachi Bhardwaj\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/de579aff4bc6dd24b68d6d472ac92942\"},\"headline\":\"Companies (Audit and Auditors) Second Amendment Rules, 2021\",\"datePublished\":\"2021-04-04T05:43:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/04\\\/04\\\/companies-audit-and-auditors-second-amendment-rules-2021\\\/\"},\"wordCount\":105,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/04\\\/04\\\/companies-audit-and-auditors-second-amendment-rules-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/MicrosoftTeams-image-47.jpg\",\"articleSection\":[\"Legislation Updates\",\"Rules &amp; 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The Amendment has omitted clause (d) in Rule 11 and also provided for inclusion of following clauses in Auditors report by\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=1050%2C600&ssl=1 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misconduct","author":"Sucheta","date":"November 3, 2023","format":false,"excerpt":"It is the duty of the auditor to conduct audit with professional skepticism and due diligence and report their opinions in an unbiased manner and the same was not done in this case.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Financial Regulatory Authority Lexus Granito India Ltd","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/11\/National-Financial-Regulatory-Authority-Lexus-Granito-India-Ltd.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/11\/National-Financial-Regulatory-Authority-Lexus-Granito-India-Ltd.webp?resize=350%2C200&ssl=1 1x, 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