Sa 700(revised)

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YOGESH

YOGESH (Querist)
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24 June 2013 is it mandatory to follow sa 700(revised) issued by icai ?

Ganeshbabu K

Ganeshbabu K (Expert)
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24 June 2013 Yes it is mandatory to follow,

please refer icai announcement

http://www.icai.org/new_post.html?post_id=9308&c_id=219

Thanks & regards
Ganesh babu k

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YOGESH

YOGESH (Querist)
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03 July 2013 Dear Ganeshsir,
i have seen many of companies annual reports, that they are not following SA700(revised),
so my query is that, is there any penalty provision for non-compliance of above standard ?

Thank you

Ganeshbabu K

Ganeshbabu K (Expert)
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03 July 2013 IT IS MANDATORY FOR f.y.2012-13 ON WARDS

Please refer below for detailed about change of audit report

https://www.caclubindia.com/share_files/introduction-of-new-audit-report-format-by-icai--57343.asp

Thanks & regards
Ganesh babu k

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