Regulatory updates

Back to Latest Updates

The regulatory updates publication issued by the Foundation for Audit Quality (FAQ) highlights the latest developments in accounting, auditing and regulatory developments in India and internationally. This edition covers some of the important updates on regulatory matters and other discussion/consultation papers and publications for the period from 1 September 2023 to 30 September 2023.

Regulatory updates for September 2023

The Reserve Bank of India (RBI) recently issued the revised investment portfolio norms for commercial banks. The revised norms pertaining to investment portfolio would be applicable from 1 April 2024 and cover certain key aspects, such as:

  • Classification
  • Recognition and measurement
  • Valuation
  • Disclosures, and
  • Other key requirements.

Various publications have been released by the regulators during this month. Some of these include:

  • The draft master direction on treatment of wilful defaulters and large defaulters issued by RBI
  • FAQs on Unique Document Identification Number (UDIN) issued by ICAI
  • IESBA Handbook 2023 issued by IESBA
Regulatory updates for September 2023   PDF

India updates

India Updates

Discussion/Consultation papers and Publications

Publications

Matters for auditors’ attention

Matters for auditors’ attention
Download PDF for the month of September 2023
September 2023 PDF

Archives

Archives

Our Insights

Tools and Enablers
Resources
Events and Webinars
Sectoral Insights

Reach out to us

;