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Audit News


Bank Branch Auditors Panel for the year 2018-19 hosted

   19 November 2018 at 11:09

Hosting 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

Posted in Audit |   5985 Views


MCA report on regulating Audit firms and the Network

   12 November 2018 at 11:05

Auditors 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

Posted in Audit |   3978 Views


Report submitted on regulating Audit firms and the networks to the Govt

   01 November 2018 at 11:17

Committee 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

Posted in Audit |   3702 Views


ICAI issues notice to Amrapali Auditors

   26 October 2018 at 22:31

The 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

Posted in Audit |   4908 Views


Audits under 44AD, 44ADA and 44AE not to be included for threshold of audits under CA Act - ICAI

   24 August 2018 at 11:41

ANNOUNCEMENTModification 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

Posted in Audit  1 comments |   7167 Views


Clause 30C in TAR - 3CD to kept in Abeyance

   20 August 2018 at 13:55

Circular 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

Posted in Audit |   4392 Views


Last date for MEF submission extended to 5th Sep due to Kerala floods

   20 August 2018 at 12:53

As 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

Posted in Audit |   2478 Views


RBI to issue guidelines for Audit of Banks

   08 August 2018 at 11:09

With 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

Posted in Audit |   5526 Views


Report on Audit Quality Review (2017-18) of the Quality Review Board

   01 August 2018 at 11:42

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

Posted in Audit |   2088 Views


Empanelment as a Technical Reviewer with Taxation Audits Quality Review Board of ICAI

   25 July 2018 at 12:27

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

Posted in Audit |   2934 Views



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