Audit News


ICAI constitutes Online Panel of Experts for Addressing Bank Branch Audit Related Queries for FY 2020-21

   01 April 2021 at 05:41

ICAI, with a view to support their members for fast resolution of their queries, has decided to offer online support to the members from April 1st, 2021 till April 15th, 2021 for the bank branch audits for the year ended 31st March 2021.

Posted in Audit |   2013 Views


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 |   6111 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 |   2055 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 |   2754 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 |   2148 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 |   2466 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 |   3543 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 |   2721 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 |   2610 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 |   15894 Views



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