IRDAI reduces audit agency time period to bolster audit high quality

Insurance coverage regulator IRDAI’s new company governance pointers have lowered the engagement interval of statutory auditors with insurance coverage corporations. Audit corporations now have a four-year time period for joint statutory audits, adopted by a compulsory three-year cooling-off interval, based on the IRDAI’s Grasp Round on ‘Company Governance for Insurers 2024’. Additionally learn:IRDAI brings life, … Read more