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Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 EFFECTIVE DATE OF SA 500 IS on or after January 1, 1989 THEN MY DOUBT IS WHAT WAS HAPPENED BEFORE THAT DATE

Amol S Joglekar

Amol S Joglekar (Expert)

05 June 2014 earlier standards were in vogue before that....

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2014 SORRY NOT UNDERSTOOD

Amol S Joglekar

Amol S Joglekar (Expert)

05 June 2014 audit is a time old subjet. It has undergone changes with the passage of time. Some other standards were in vogue in earlier stages..

Nikhil Kaushik

Nikhil Kaushik (Expert)

06 June 2014 before that there were no prescribed auditing standards.

please refer https://www.icai.org/new_post.html?post_id=2437&c_id=374 for the history of Auditing Standards in India.

It was only in 1982 that the committee for promulgation of auditing practices.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

07 June 2014 there were no such standard before that date.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 U MEAN AUDITOR RESPONSIBILITY WAS NIL ABOUT THAT

Nikhil Kaushik

Nikhil Kaushik (Expert)

07 June 2014 it means that before this date the auditor's responsibility was not codified till that date. But companies Act 1956 did provide for what auditor is supposed to do.

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