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audito's take

HDFC’s Keki Mistry says RBI should defer new auditor norms by a year

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“Many challenges here if implemented from FY22. Some bank auditors have already finished three years -- they will only have weeks to make a new selection. The pool available to choose from will be limited for FY22 and many potential suitors would be conflicted under the new one-year cooling-off period having done such non-audit services in FY21"

- Vishesh Chandiok, CEO, Grant Thornton Bharat


This article appeared in The Economic Times on 8 May 2021