Question : NARESH CHANDRA COMMITTEE REPORT



(a) whether the ICAI has proposed the Government to make rotation of auditors mandatory as to make the profession above any suspicion;

(b) if so, the details thereof;

(c) whether Naresh Chandra Committee set up to examine the issue has submitted its report;

(d) if so, the salient features of the recommendations of the committee; and

(e) the reaction of the Government to the recommendations of the Committee?

Answer given by the minister

MINISTER OF FINANCE AND COMPANY AFFAIRS (SHRI JASWANT SINGH)


(a) No, Sir.

(b) Does not arise.

(c) No, Sir.

(d) Does not arise.

(e) Does not arise.