Multiple choice

The SEBI Committee on Disclosures and Accounting Standards (SCODA) was in news recently for submitting its recommendations. Which of the statements about SCODA are correct? I.          Noted Chartered Accountant Y. H. Malegam T N Manoharan, president of ICAL was Chairman of the SCODA II.         SCODA has recommended mandatory rotation � every three years � of the partners of' the audit firms signing the accounts of a listed company. III.        SCODA has recommended that shareholders' approval be obtained for appointment of the accounting firm a company wishes to appoint

  1. I only

  2. I and II only

  3. III only

  4. I and III only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Noted Chartered Accountant Y. H. Malegam was Chairman of SEBI Committee on Disclosures and Accounting Standard. SCODA has recommended mandatory rotation � every five years � of the partners of the audit firms signing the accounts of a listed company.

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