Audit News

Standards on Internal Audit issued by ICAI

28 November 2018 at 11:49

Preface to the Framework and Standards on Internal Audit Framework Governing Internal Audits Basic Principles of Internal Audit Standard on Internal Audit (SIA) 210, Managing the Internal Audit Function Standard on Internal Audit (SIA) 220, Cond

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Draft guidance note on Audit of Banks 2019 edition

28 November 2018 at 11:49

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 | 3945 Views

ICAI withdraws implementation guide on Auditor's report for specified bank notes

26 November 2018 at 11:32

Withdrawal of the Implementation Guide on Auditor�s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013I. The Ministry of Corporate Affairs vide notification dated

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Survey on the state of the internal audit profession by ICAI

21 November 2018 at 11:38

Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India (ICAI) has been constituted to provide support to ICAI and its members through proactive standard setting and guidance in the area of internal audit, including g

Posted in Audit | 3819 Views

Bank Branch Auditors Panel for the year 2018-19 hosted

19 November 2018 at 11:09

Hosting of Draft Bank Branch Auditors’ Panel for the year 2018-19The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org for indicating the category of the applicants of

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MCA report on regulating Audit firms and the Network

12 November 2018 at 11:05

Auditors are to resolve agency problems. Moreover, independent audits are fundamental to taking informed and correct investment decisions. Availability of trustworthy nancial information on the performance of companies is important to proper functio

Posted in Audit | 3966 Views

Report submitted on regulating Audit firms and the networks to the Govt

01 November 2018 at 11:17

Committee of Experts submits its report on Regulating audit firms and the NetworksThe Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Aff

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ICAI issues notice to Amrapali Auditors

26 October 2018 at 22:31

The attention of ICAI has been drawn to several media reports highlighting the ongoing proceedings in the Hon’ble Supreme Court in the hearings of Amrapali Group Companies. Based on the interim reports of the forensic auditors appointed by the

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Audits under 44AD, 44ADA and 44AE not to be included for threshold of audits under CA Act - ICAI

24 August 2018 at 11:41

ANNOUNCEMENTModification in the Council Guidelines No. 1-CA(7)/02/2008 dated 8th August, 2008 as contained in Appendix No. (34) to the Chartered Accountants Act, 1949In furtherance of the Announcement dated 11th February 2014 and 2nd July, 2014 infor

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Clause 30C in TAR - 3CD to kept in Abeyance

20 August 2018 at 13:55

Circular No. 6/2018F. No. 370142/9/2018-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesTPL DivisionNew Delhi, Dated the 17th of August, 2018Order under section 119 of the Income-tax Act, 1961Section 44AB of

Posted in Audit | 4368 Views