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ICAI Releases Draft Bank Branch Auditors' Panel (MEF) for 2023-24

   26 January 2024 at 08:00

Draft Bank Branch Auditors' Panel (MEF) for the year 2023-24

Posted in Audit |   3174 Views


NFRA Unveils Audit Quality Lapses in Big 4 Network Entities

   23 December 2023 at 15:19

National Financial Reporting Authority (NFRA) Unveils Audit Quality Inspection Findings on Deloitte, PwC, EY, and KPMG Network EntitiesThe National Financial Reporting Authority (NFRA) has disclosed a series of deficiencies in the auditing-related ac

Posted in Audit |   7089 Views


ICAI releases Exposure Draft of Guidance Note on Audit of Banks (2024 Edition)

   11 December 2023 at 08:57

Auditing and Assurance Standards BoardThe Institute of Chartered Accountants of India10th December, 2023Exposure Draft of Guidance Note on Audit of Banks (2024 Edition) The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of

Posted in Audit |   3057 Views


Year-wise Breakdown of CA Firms Serving as Statutory Auditors in PSBs Over the Past 3 Years

   05 December 2023 at 09:53

As per information received from RBI, Year-wise and PSBs-wise details of the total number of CA firms engaged as Statutory Central Auditors (SCA) and Statutory Branch Auditors (SBAs), in the last 3 years are annexed

Posted in Audit  1 comments |   19068 Views


ICAI releases Exposure Draft of Standards on Auditing for LLPs

   25 November 2023 at 08:49

Exposure Draft of Standards on Auditing for Limited Liability Partnerships

Posted in Audit |   3039 Views


Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting

   26 September 2023 at 08:46

The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently done by auditors and accountants.

Posted in Audit |   5325 Views


Deloitte to quit as Adani Ports' auditor after flagging concerns

   12 August 2023 at 14:00

Deloitte has decided to resign as the auditor of Adani Ports & Special Economic Zone Ltd. The decision appears to be linked to concerns over certain transactions highlighted in a report by Hindenburg Research.

Posted in Audit |   16083 Views


ICAI released Guidance Note on Tax Audit u/s 44AB of IT Act for AY 2023-24

   24 July 2023 at 08:44

The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 for the Assessment Year 2023-24.

Posted in Audit |   69471 Views


ICAI releases Exposure Drafts of SQM 1, SQM 2, SA 220 (Revised), SA 250 (Revised), SA 315 (Revised), SA 540 (Revised) and SRS 4400 (Revised)

   12 July 2023 at 08:58

Exposure Drafts of SQM 1, SQM 2, SA 220(Revised), SA 250(Revised), SA 315(Revised), SA 540(Revised), SRS 4400(Revised)

Posted in Audit |   8292 Views


ICAI Extends Cutoff Date for Bank Branch Auditors Panel Preparation

   01 July 2023 at 08:49

Cut-off date for the constitution of the firm and its members will now be as on 1st July, 2023 considering submission of Form 18 up to one month of submission (till 31st July, 2023) without condonation of delay

Posted in Audit |   12222 Views