Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the Chartered Accountant
It is a pleasure to inform you that the Council of the Institute has constituted the Taxation Audits Quality Review Board in the year 2018 with an objective to review any report prescribed under the Income-tax Act, 1961 and Rules framed thereunder an
Frequently Asked Questions on SA 570 (Revised), 'Going Concern' (Applicable for audits of financial year 2017-18)BackgroundAs the members are aware that ICAI has issued SA 570 (Revised),
Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI) [Announcement No. EOI/SA/2018-19 Dated 01/05/2018]====================
Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Internal Audit of various units of the Institute of Chartered Accountants of India (ICAI) [Announcement No. EOI/IA/2018-19 Dated 01/05/2018] ====================
Chapter 1 Introduction 1.1 The Standards on Auditing and Quality Control are divided into two groups: Standards on Quality Control (which apply to quality control at the firm level) and the Standards on Auditing (SAs) which apply to audits of histori
AUDITING AND ASSURANCE STANDARDS BOARDCONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDITRELATED QUERIES FOR THE FINANCIAL YEAR 2017-18Dear Members,The bank audit season is around the corner. Given the fact that the banking industry is typical
IntroductionScope of this SA1. The practice of appointing more than one auditor to conduct the audit of large entities has been in vogue for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulat
Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits 1. As you are aware that ICAI has issued Standard on Auditing (SA) 299, �Responsibility of Joint Auditors�. Regarding allocation of work
The Chartered Accountants Act, 1949 (Act) provides for imposition of penalties on members of the Institute of Charted Accountants of India (ICAI).The ICAI had submitted a proposal to the Government for amendment to the Act to, inter alia, provide for
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