Audit News
Survey on the state of the internal audit profession by ICAI
21 November 2018 at 11:38Internal 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
Bank Branch Auditors Panel for the year 2018-19 hosted
19 November 2018 at 11:09Hosting 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
MCA report on regulating Audit firms and the Network
12 November 2018 at 11:05Auditors 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
Report submitted on regulating Audit firms and the networks to the Govt
01 November 2018 at 11:17Committee 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
ICAI issues notice to Amrapali Auditors
26 October 2018 at 22:31The 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
Audits under 44AD, 44ADA and 44AE not to be included for threshold of audits under CA Act - ICAI
24 August 2018 at 11:41ANNOUNCEMENTModification 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
Clause 30C in TAR - 3CD to kept in Abeyance
20 August 2018 at 13:55Circular 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
Last date for MEF submission extended to 5th Sep due to Kerala floods
20 August 2018 at 12:53As our Members are aware that Kerala is facing its worst flood in 100 years, with 80 dams opened and all rivers in spate. A body blow has been dealt to the scenic state, with its infrastructure, standing crops and tourism facilities severely hit. Apa
RBI to issue guidelines for Audit of Banks
08 August 2018 at 11:09With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sector Banks (PSBs), which covers the norms on eligibi
Report on Audit Quality Review (2017-18) of the Quality Review Board
01 August 2018 at 11:42Government 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
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