Dr. Manoj Subhash KamatDr. Manasvi M. Kamat2025-03-012025-03-012025-03-012320-3145http://mescollege.ndl.gov.in/handle/123456789/61The Companies enactment of 2013 has the potential to be a historic milestone as it aims to improve corporate governance, simplify regulations, enhance the interests of minority investors and for the first time legislates the role of whistle-blowers. Sections 128 to 133 and 138 to 148 of new act 2013 deals with accounts, auditors and the audit profession. This paper under covers the key changes in the above provisions in the 2013 Act, having specific implications on the company audit and auditors compared to corresponding provisions in the Companies Act 1956. The key changes in the provisions relating to Audit and the Auditors along with its implications on the corporate sector are analysed from the academic and practical viewpoint.enArticle