“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