Audit News
Lok Sabha Passes Banking Laws (Amendment) Bill 2024
04 December 2024 at 10:28On December 3, 2024, the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, with a voice vote. The bill, introduced by Union Finance Minister Nirmala Sitharaman, aims to bring significant changes to improve governance in the banking sector
NFRA Chief Highlights Significant Improvements in Company Auditing Over Last 3-4 Years
03 December 2024 at 08:59The auditing landscape in India has seen significant improvement over the past three to four years, according to Ajay Bhushan Prasad Pandey, Chairperson of the National Financial Reporting Authority (NFRA).
ICAI Proposes Mandatory Qualifications for Forensic Audit Professionals
27 November 2024 at 09:14The Institute of Chartered Accountants of India (ICAI) is taking a significant step toward strengthening forensic auditing practices by drafting guidelines to introduce mandatory qualifications for forensic auditors.
NFRA Chairperson Justifies Audit Standards Revision Amid ICAI Opposition
16 November 2024 at 07:00National Financial Reporting Authority (NFRA) Chairperson Ajay Bhushan Pandey has dismissed concerns that revising audit standards for group company audits will lead to audit concentration among a few large firms.
ICAI Urges MCA to Reconsider NFRA's Audit Standard Amendments
15 November 2024 at 14:23The Institute of Chartered Accountants of India (ICAI) has urged the Ministry of Corporate Affairs (MCA) to reconsider recent amendments to auditing standards proposed by the National Financial Reporting Authority (NFRA).
NFRA Recommends Comprehensive New Audit Framework for India by April 2026
13 November 2024 at 09:34NFRA recommends revision of the Standard quality control (SCQ1) and Standard quality management (SQM1 and SQM2), on the lines of the global Standards
NFRA Set to Propose Audit Norms for LLPs in 25th Nov Board Meeting
12 November 2024 at 05:58The National Financial Reporting Authority (NFRA) has convened a board meeting scheduled for November 25, where it will examine and potentially set audit standards for limited liability partnerships (LLPs), according to official sources.
NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
08 November 2024 at 06:51NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
ICAI Issues New Quality Management Standards: SQM 1 and SQM 2 for Auditing and Assurance
15 October 2024 at 08:50The Institute of Chartered Accountants of India (ICAI) is issuing the following standards
NFRA Imposes Rs 2 Crore Fine on Auditor, Debars CAs for Lapses in Coffee Day Enterprises Audit
12 October 2024 at 09:10The NFRA has imposed a penalty of Rs 2 crore on the statutory auditor and Rs 15 lakh on two chartered accountants for professional misconduct during the audit of CDEL for the financial year 2019-20.
Popular News
- ED Files Chargesheet in Rs 734 Crore GST ITC Fraud Case
- State Govt to Expand Amnesty Scheme for Pending Pre-GST Tax Arrears
- ICAI Moves Toward Lifting CA Advertising Ban for Global Competitiveness
- ICAI Launches AI-Powered Digital Workspace on 77th CA Day Celebration
- ICAI Issues FAQs on Guidance Note on Financial Statements for Non-Corporate Entities
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
