Only 17 per cent of boards play an active role in shaping company strategy, said a survey by the Indian School of Business (ISB). According to the survey, 83 per cent of the boards remain passive, playing no active role in the company's management.
The content eligible for review includes posts, status updates, photos, videos, comments, and shares.
MPs asked if the platforms have the right to take down or suspend accounts.
Social media behemoth Facebook on Friday said the account of former United States President Donald Trump will remain suspended for two years, and post that period it will re-assess the ban.
In connection with the multi-billion dollar Satyam scam, the US auditing watchdog has barred from public practice two Indian auditors associated with the IT firm's former auditor PriceWaterhouseCoopers.
The main intention of the revised guidance is to ensure that the benefits of SOX 404 compliance outweigh the cost (both in terms of time and money) of implemetation, such that both investors and management can reap the benefits of SOX 404 compliance.
PricewaterhouseCoopers suggested on Friday that the new Public Company Accounting Oversight Board of US should "mutually recognise" other oversight bodies including the one proposed in India, which could be the Institute of Chartered Accountants
'We take allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form'
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
The United States has asserted that it will continue to gather foreign intelligence, which it argued is essential to keep the nation and allies safe, amid report that National Security Agency monitored the phone conversations of 35 world leaders.
A bench headed by Chief Justice P Sathasivam said the issues raised in the plea need 'examination' and issued notice to the Centre, RBI, Central Board of Direct Taxes, the Institute of Chartered Accountants of India, PwC and the audit firms sharing its brand name.
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