Audit News

Companies (Audit and Auditors) Amendment Rules, 2021

25 March 2021 at 05:32

The Ministry of Corporate Affairs has released the Companies (Audit and Auditors) Amendment Rules, 2021 to further amend the Companies (Audit and Auditors) Rules, 2014.

Posted in Audit | 6084 Views

ICAI | Expression of Interest in Projects of the IASB

17 March 2021 at 15:45

As part of its agenda to continue to improve the knowledge base of its members, the Board of ICAI issues Standards on Internal Audit and Implementation Guides thereof Industry Specific Technical Guides and Generic Guides.

Posted in Audit | 2034 Views

ICAI | Seeking Preliminary Expression of Interest for Audit Tool

10 March 2021 at 22:48

CMP wishes to develop an Audit Tool so as to bring process automation and ease of doing audit in organizing its various audit activities.

Posted in Audit | 2706 Views

Exposure Draft of SA-SLCE

15 February 2021 at 05:25

The Institute of Chartered Accountants of India has released the Exposure Draft of Standard for Audit of Smaller and Less Complex Entities. Read the entire draft here.

Posted in Audit | 2124 Views

BSFCSCL invites proposals from CA Firms for the Outsourcing of Accounting, Financial Management and Internal Audit

10 February 2021 at 15:08

Notice inviting request for proposals from eligible Chartered Accountant firms for outsourcing of accounting and financial management and internal audit at Bihar State Food & Supplies Corporation Limited.

Posted in Audit | 2442 Views

ICAI releases Handbook on Audit of CSR Activities

11 January 2021 at 17:53

The Institute of Chartered Accountants of India has released a Handbook on Audit of CSR Activities. Click the link given to download the same.

Posted in Audit | 3504 Views

ICAI gives Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client

05 January 2021 at 17:19

It is hereby clarified that under the provisions of the Chartered Accountants Act 1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

Posted in Audit | 1 comments | 2697 Views

Quality Review Board releases Report on Audit Quality Review

30 December 2020 at 10:08

The Quality Review Board of India has released a Report on Audit Quality Review wherein, they have reviewed all the aspects of how an audit was performed in entities selected on a risk-based approach.

Posted in Audit | 2580 Views

ICAI introduces One-time Condonation Scheme to regularize UDINs

28 December 2020 at 10:12

The Institute of Chartered Accountants of India has decided to allow one-time condonation to its members for their earlier missed or late generated UDINs. In this regard, certain decisions have been taken. Read the official announcements and decision

Posted in Audit | 1 comments | 15864 Views

ICSI releases Guidance Notes on ICSI Auditing Standards

22 December 2020 at 10:27

The Institute of Company Secretaries of India has released Guidance Notes on the ICSI Auditing Standards (CSAS-1 to CSAS-4) - Audit Engagement. Read the provisions of the official guidance note here.

Posted in Audit | 2466 Views