Audit News

Specimen Multipurpose Empanelment Form 2009-10

19 April 2009 at 00:28

Specimen Multipurpose Empanelment Form 2009-10Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user

Posted in Audit | 3 comments | 15585 Views

Peer review for audit firms of Listed Company

08 April 2009 at 14:35

Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI) that audit of listed companies shall be carried out by the auditors who have undergone Peer Review Process and have been issued P

Posted in Audit | 30603 Views

A critical factor for auditors to perform quality audit

02 April 2009 at 11:11

Time frame for conducting bank branch statutory audit assignment - A critical factor for auditors to perform quality auditAfter Satyam episode, we have a mammoth responsibility in the area of trust building that urges the members of the profession to

Posted in Audit | 1 comments | 13824 Views

List of SBAs forwarded by RBI to PSU Banks for 08-09

01 April 2009 at 13:58

List of Statutory Branch Auditors (SBAs) forwarded by RBI to Public Sector Banks for - 2008-09 The list of 18672 audit firms, which have been recommended by the RBI for statutory branch audit assignments in public sector banks during the year 2

Posted in Audit | 11832 Views

Suggestion to members who have been alloted Stat Bank Audit

30 March 2009 at 13:07

Timely and Quality completion of bank audit assignments has always been a challenging task for all the auditors. Standards have to be followed and deadlines are to be set. I am sure, by this time of the year you have already planned to undertake bank

Posted in Audit | 4 comments | 10554 Views

Auditors Responsibilities Relating to Restructuring of Adv

27 March 2009 at 15:12

1. Attention of the members carrying out audit of financial statements of banks for the year ended March 31, 2009, is drawn to Reserve Bank of India’s circular no. DBOD.BP.BC.No.105/21.04.132/2008

Posted in Audit | 5127 Views

ICAI pitches for independent appointment of bank auditors

26 March 2009 at 17:15

RBI recommendations should be followed in appointments Author : DNA Money CorrespondentThe Institute of Chartered Accountants of India has demanded that the appointment of auditors in the public sector and private sector banks should be made on the b

Posted in Audit | 8112 Views

ICAI Response to RBIs moves on Bank Audit 2008-09

17 March 2009 at 22:13

I. ICAI’s quest for financial transparency in the financial reporting of the Indian banking sectorThe ICAI wishes to draw the attention of the RBI in respect of certain circulars issued by it relating to the restructuring proposals. In th

Posted in Audit | 5 comments | 12543 Views

Announcement regarding Bank Branch Auditors

17 March 2009 at 10:41

Your attention is drawn to the new Procedure for appointment of Branch Statutory Auditors in Public Sector Banks for the year 2008-09 already hosted on the website

Posted in Audit | 3 comments | 23931 Views

Two More Auditing Standards cleared

10 March 2009 at 14:56

The Council of the Institute of Chartered Accountants of India at its 286th meeting held on March 8, 2009 cleared two more Standards on Auditing (SAs), i.e., Revised SA 500, Audit Evidence and SA 720, The Auditor’s Responsibility in Relation to

Posted in Audit | 10 comments | 27279 Views