Audit News
Announcement on MEF 2019-20
08 January 2020 at 12:34Announcement on MEF 2019-20
Draft Bank Branch Auditor panel of CA firms hosted for 2019-20
21 December 2019 at 12:29Draft Bank Branch Auditor panel of CA firms hosted for 2019-20
NFRA issues audit quality review report of IL&FS
16 December 2019 at 09:45The National Financial Reporting Authority (NFRA) has issued Audit Quality Review (AQR) report of the statutory audit for the year 2017-18 of IL&FS Financial Services Limited (IFIN). The statutory auditor for this engagement was Deloitte Haskins
Applicability of guide on resignation from an engagement to perform audit
10 December 2019 at 11:56Announcement on Applicability of "Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements" to Statutory Auditors of Listed Entities and their Material Subsidiaries
ICSI UDIN and eCSIN Guidelines mandatory w.e.f. 1st October, 2019
04 October 2019 at 10:59Dear Professional ColleagueSubject : ICSI UDIN and eCSIN Guidelines mandatory w.e.f. 1st October, 2019The role of the Company Secretaries as governance enablers in the Indian corporate scenario has been well acknowledged, both by the corporates and t
RBI revises Concurrent Audit Fees commensurate with scope and coverage of audit
23 September 2019 at 10:09RBI/2019-20/64DBS.CO.ARS.No.BC.01/08.91.021/2019-20September 18, 2019All Scheduled Commercial Banks (other than Regional Rural Banks), Small Finance Banks, Payments Banks and Local Area BanksMadam/ Dear Sir,Concurrent Audit SystemPlease refer to circ
Advisory on Auditor's Reporting on Section 197(16) of the Companies Act, 2013
09 September 2019 at 17:12The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the provisions of this section.
UDIN mandatory for all Audit/Assurance/Attest function from 1st July
02 July 2019 at 12:18It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakehold
Advisory to Practicing Members conducting Cost Audit
02 July 2019 at 12:16Advisory to Practicing Members conducting Cost AuditThe Cost Audit Branch, Ministry of Corporate Affairs had issued an Exposure Draft for amendments to the Companies (Cost Records & Audit) Rules, 2014. However, due to certain technical issues, th
Clarification on Auditor certificate on return of deposit DPT3 : ICAI
26 June 2019 at 13:07Clarification on Auditor�s Certificate on Return of Deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 This has reference to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 and further amendments. I
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