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
The Council in its 281st meeting held from 3rd to 5th October, 2008 decided that an internal auditor of an assessee, whether working with the organization or an independently practicing Chartered Accountant being an individual chartered accountants o
Last date of Online Submission of Application of CA Firms for PSU Audits to C&AG has been extended to 20th February 2009. Last date of Online Submission of Application of CA Firms&nb
Procedure for Appointment of Branch Statutory Auditors in Public Sector Banks (Psbs) for the Year 2008-09 - (11-02-2009) - 1. The large PSBs having balance sheet size (assets + liabilities) of above Rs. 1 lac crore each to exercise managerial au
Peer Review Process is required to be completed within a stipulated time schedule, those firms which did not adhered to this time schedule were sent a communiqu to complete their Peer Review Process by November, 2008. Our communiqu also stated that t
Revised Auditing Standards on Fair Value, Audit Sampling, Related Parties and Opening Balances The Council of the Institute in its recently concluded 283rd meeting has approved four more Standards on Auditing. These SAs relate to important aspects in
Practice Units selected for undergoing Peer Review were advised to ensure that the Peer Review Process was completed in their cases latest by November 30, 2008. It has now been decided that date for completion of Peer Review process be extended till
Draft Panel for the year 2008-09East North South West (Categorization is subject to verification of Declaration and Financial Documents. Feedback if any on draft panel may be sent to mefpdc@icai.in on or before 05/Nov/2008)Declaration in res
Auditors should partner the Governemnt in Social Sector Programmes: President 24TH ACCOUNTANTS GENERAL CONFERENCE INAUGURATED FOCUS ON GOOD GOVERNANCE: CAG President of India, Smt. Pratibha Devi Singh Patil said that auditors should partner th
The last date for submission of application on the website www.meficai.org has been extended to 6th October, 2008 and the last date for receipt of duly signed hard copy of declaration (alongwith the acknowledgement of soft submission of application)
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