Audit News

NFRA Imposes Rs 10 Crore Penalty on BSR & Associates, Debars Two Auditors in CCD Case

20 August 2024 at 17:34

The National Financial Reporting Authority (NFRA) has barred Aravind Maiya, former partner at BSR & Co and current CEO of Embassy REIT, from practicing as an auditor for 10 years.

Posted in Audit | 7758 Views

ICAI | Exposure Draft: Audit Quality Maturity Model (AQMM) Version 2.0 Open for Public Comments

13 July 2024 at 09:12

The Centre for Audit Quality proposes to bring out version 2.0 of the Audit Quality Maturity Model.

Posted in Audit | 375 Views

ICAI Gains Full Power to Regulate Big Four Audit Firms

06 July 2024 at 12:54

In a landmark decision, the Delhi High Court has reaffirmed the regulatory powers of the Institute of Chartered Accountants of India (ICAI) over affiliates of the Big Four firms operating in India.

Posted in Audit | 14958 Views

ICAI Takes Action Against 3 EY Affiliates and Retired Partner for Professional Misconduct

30 April 2024 at 14:29

ICAI has made a decisive move, passing an order against auditing powerhouse EY's three affiliates and a retired partner, alongside disciplinary action against S V Ghatalia & Associates, LLP, and its partner for "professional misconduct."

Posted in Audit | 4872 Views

ICAI CCM Dhiraj Khandelwal Clarifies On NFRA Order of Rs 1 Crore Penalty

30 April 2024 at 11:11

In a recent development, CCM Dhiraj Khandelwal has addressed the concerns on 'X' surrounding the NFRA order imposing a significant penalty on Audit Firm M/s Dhiraj & Dheeraj.

Posted in Audit | 17265 Views

NFRA Imposes Rs 1 Crore Monetary Penalty on Audit Firm M/s Dhiraj & Dheeraj

29 April 2024 at 09:26

Audit Firm M/s Dhiraj & Dheeraj, along with CA Piyush Patni (EP) and CA Pawan Kumar Gupta (EQCR), have been found guilty of professional misconduct.

Posted in Audit | 22887 Views

NFRA Debars Two Chartered Accountants in Reliance Capital Case, Levies Fine

16 April 2024 at 08:57

The National Financial Reporting Authority (NFRA) has taken decisive action against alleged misconduct, debarring two Chartered Accountants (CAs) for a period ranging between 5 to 10 years.

Posted in Audit | 5433 Views

Expert Panel For Addressing Queries Related To Statutory Audit Pertaining To Auditing Aspects

11 April 2024 at 14:09

ICAI being the world's largest accounting body and regulator and developer of accountancy profession in India has always partnered in Nation Building and provided services for economic development of the country.

Posted in Audit | 765 Views

Online Panel of Experts for Addressing Bank Branch Audit Related Queries for FY 2023-24

29 March 2024 at 08:59

With a view to support the members for fast resolution of queries, AASB is pleased to announce an Online Panel of Experts for addressing Bank Branch Audit related queries for financial year 2023-24.

Posted in Audit | 3108 Views

ICAI Introduces 2024 Edition of Excel Utility for Bank Branch Audits

29 February 2024 at 09:02

The Institute of Chartered Accountants of India (ICAI) has launched the latest version of the Excel Utility for Bank Branch Audits in 2024.

Posted in Audit | 8547 Views