New Delhi: The government has extended the time allotted to a expert committee on audit for submitting its report till 15 January. Initially, the group was given two months time to give its recommendations and was due to submit the report by 30 November.

The corporate affairs ministry formed an expert committee on 30 September to examine issues regarding audit firms, including restrictive terms for entry of domestic audit firms, and submit a report within two months, giving its recommendations.

The committee is chaired by Ashok Chawla, a former finance secretary and chairman of the Competition Commission of India (CCI). The three-member expert group also comprised Jubilant Bhartia group founder Hari S. Bhartia and Reserve Bank of India (RBI) deputy governor N.S. Vishwanathan.

ALSO READ: Expert committee on audit to miss 30 November deadline to submit its report

Last month, Mint had reported that the committee was likely to miss its 30 November deadline to submit the report.

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