Icai: only peer-reviewed firms to audit listed cos

Icai: only peer-reviewed firms to audit listed cos
PTI
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First Published: Sun, Apr 19 2009. 10 46 PM IST
Updated: Sun, Apr 19 2009. 10 46 PM IST
New Delhi: Apex accounting body Institute of Chartered Accountants of India (Icai) said on Sunday that all listed companies would be audited by only peer review certified companies for periods started 1 April, and at least 1,200 firms have been selected for this review.
It also said the financial statements of companies coming out with IPOs need to be certified by firms which have been issued a certificate from the Peer Review Board.
Peer review is the evaluation of work or performance by other people in the same field in order to maintain or enhance the quality of the work or performance.
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First Published: Sun, Apr 19 2009. 10 46 PM IST