Audit News


Compliance Under Service Tax - 2012-13 - Bank Audit

   30 March 2012 at 10:17

The compliance under service tax provisions post Finance Bill 2012 may need clarity on 3 aspects which are discussed as under: I. Small Service Provider Exemption The basic exemption is available to the CA whose taxable services in 2011-12 d

Posted in Audit  1 comments |   41892 Views


Exposure Draft of Guidance Note on Performance Appraisal (Form-III of CAR 2011) Report

   09 March 2012 at 17:48

The Technical Cell of National Task Force constituted by the Institute has approved the release of the Exposure Draft of Guidance Note on Performance Appraisal (Form-III of CAR 2011) Report. The proposed Guidance Note may be modified in light of

Posted in Audit |   13818 Views


Regarding Bank Branch Audit related matters

   05 March 2012 at 18:20

The office bearers and Council Members of the Institute have been in receipt of a representation from various members in regard to certain issues concerning the profession and in particular re: matters relating to bank branch audit, appointment pr

Posted in Audit  4 comments |   19938 Views


India Takes Over Chair of ASOSAI

   01 March 2012 at 11:09

India today took over the chair of assembly and governing board of Association of Supreme Audit Institutions (ASOSAI). Comptroller and Auditor General of India, Mr. Vinod Rai is the new chairman of the 45 nation strong Asian Organization of the In

Posted in Audit  1 comments |   9933 Views


12th Assembly of ASOSAI begins Tomorrow

   28 February 2012 at 15:29

The 12th meeting of the Assembly of Asian Organisation of Supreme Audit Institutions (ASOSAI), a regional group of the International Organisation of Supreme Audit Institutions (INTOSAI), will be inaugurated by the Governor of Rajasthan, Shri Shiv

Posted in Audit |   7581 Views


Auditors not attending the appeals challenging the audit classification during the course of statutory audit

   23 February 2012 at 13:11

FOR THE INFORMATION OF FIRMS/ MEMBERS ON THE PANEL OF AUDITORS AS MAINTAINED BY THE COOPERATIVE DEPARTMENT. We are enclosing herewith letter No. 1113 Dt. 22.12.2011 issued by the Cooperative Department, Maharashtra. As per the said letter som

Posted in Audit  1 comments |   10425 Views


CAASB releases Exposure Draft CAAS - 340

   22 February 2012 at 17:26

Cost Audit and Assurance Standards Board of the Institute has approved the release of Exposure Draft of Cost Audit and Assurance Standard on Audit Documentation (CAAS - 340). The proposed standard may be modified in light of comments received befo

Posted in Audit |   5559 Views


CAASB releases Exposure Draft CAAS - 320

   18 February 2012 at 11:05

Cost Audit and Assurance Standards Board of the Institute has approved the release of Exposure Draft of Cost Audit and Assurance Standard on Planning an Audit of Cost Statements (CAAS - 320). The proposed standard may be modified in light of comme

Posted in Audit |   5520 Views


Announcement regarding Statutory Auditors Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditors Report) Order, 2003

   29 January 2012 at 12:46

Announcement regarding Statutory Auditor’s Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003 and Section 227(3)(g) of the Companies Act, 1956

Posted in Audit  1 comments |   12741 Views


CWA - Audit of Cost Accounts In Certain Cases

   27 January 2012 at 11:14

CWA - Cost Audit Order

Posted in Audit  8 comments |   10368 Views



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