Audit News

Empanelment of Audit Firms for Concurrent Audit in Corporation Bank

04 June 2019 at 12:13

Request for Empanelment (RFE) Corporation Bank hereinafter referred to as the Bank, invites sealed technical offers for Selection of Concurrent Auditors for audit of the Branches / Offices of the Bank listed in Annexure I. The details are given below

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MCA notifies to file form PAS-6 for reconciliation of share capital audit report

25 May 2019 at 15:41

[To be published in the Gazette of India, Extraordinary, Part II, Section 1 sub-section (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 22 May 2019 G.S.R. (E),- exercise of the powers conferred by section 26; sub-se

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Reporting of Clause 30C and 44 of the Tax Audit report deferred further until 31st March 2020

20 May 2019 at 16:14

Circular No.9/2019 F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi, dated the 14th May, 2019 Order under section 119 of the Income-tax Act. 1961 Section 44AB

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Deputy CAG post created in the office of CAG

16 April 2019 at 11:25

Cabinet approves the creation of one post of Deputy Comptroller and Auditor General in the office of Comptroller and Auditor General of IndiaThe Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to create one pos

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Expert Panel for addressing Bank branch audit queries formed by ICAI

01 April 2019 at 22:49

AUDITING AND ASSURANCE STANDARDS BOARDCONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2018-19 Dear Members,The bank audit season is around the corner. Given the fact that the banking industry is typica

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FAQ on UDIN for Bank Audit

01 April 2019 at 11:37

With effect from 1st April, 2019, UDIN is being made mandatory for GST & Tax Audit Reports and also considering the fact that Bank Audit is about to commence, UDIN Monitoring Group has come out with detailed FAQs on UDIN for Bank Audit. A. About

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MCA direct ICAI to withdraw notification on applicability of auditor rotation

18 February 2019 at 11:30

ANNOUNCEMENTWithdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent

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Empanelment of Concurrent Auditors with Union Bank of India

04 February 2019 at 12:03

Empanelment of Concurrent Auditors1. Invitation for empanelmentUnion Bank of India conducts process for Empanelment of Concurrent Auditors, once in a year. This document is published as part of process for Empanelment of Concurrent Auditors for the F

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Rotation of auditors not to apply if a company ceases to fall under Rotation principles

30 January 2019 at 11:27

AnnouncementRegarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.This is regarding the ap

Posted in Audit | 1 comments | 4683 Views

Guidance note on Audit of Banks 2019

23 January 2019 at 11:12

Knowledge of the Banking Industry1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economic growth and financial stability in the economy. There are different types of banking institutions prevailing in

Posted in Audit | 4122 Views