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ICAI Introduces 2024 Edition of Excel Utility for Bank Branch Audits

   29 February 2024 at 09:02

The Institute of Chartered Accountants of India (ICAI) has launched the latest version of the Excel Utility for Bank Branch Audits in 2024.

Posted in Audit |   5121 Views


NFRA Initiates First Annual Inspection of Key Audit Firms by April 2024

   20 February 2024 at 09:07

The National Financial Reporting Authority (NFRA) is set to embark on its inaugural annual review of prominent auditing organizations, including the industry's behemoths known as the Big Five.

Posted in Audit |   6591 Views


ICAI releases Guidance Note on Audit of Banks - 2024 Edition

   15 February 2024 at 09:07

The area of operation / function of the Personal Banking Department is typically confined to resource mobilization, i.e., source of funds (for the bank) in the form of CASA deposits, term deposits, customer service and operations.

Posted in Audit |   4635 Views


ICAI Issues SA 800 (Revised), SA 805 (Revised) and SA 810 (Revised)

   08 February 2024 at 09:22

Issuance of SA 800 (Revised), SA 805 (Revised), SA 810 (Revised)

Posted in Audit |   2148 Views


ICAI Releases Draft Bank Branch Auditors' Panel (MEF) for 2023-24

   26 January 2024 at 08:00

Draft Bank Branch Auditors' Panel (MEF) for the year 2023-24

Posted in Audit |   2994 Views


NFRA Unveils Audit Quality Lapses in Big 4 Network Entities

   23 December 2023 at 15:19

National Financial Reporting Authority (NFRA) Unveils Audit Quality Inspection Findings on Deloitte, PwC, EY, and KPMG Network EntitiesThe National Financial Reporting Authority (NFRA) has disclosed a series of deficiencies in the auditing-related ac

Posted in Audit |   6927 Views


ICAI releases Exposure Draft of Guidance Note on Audit of Banks (2024 Edition)

   11 December 2023 at 08:57

Auditing and Assurance Standards BoardThe Institute of Chartered Accountants of India10th December, 2023Exposure Draft of Guidance Note on Audit of Banks (2024 Edition) The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of

Posted in Audit |   2979 Views


Year-wise Breakdown of CA Firms Serving as Statutory Auditors in PSBs Over the Past 3 Years

   05 December 2023 at 09:53

As per information received from RBI, Year-wise and PSBs-wise details of the total number of CA firms engaged as Statutory Central Auditors (SCA) and Statutory Branch Auditors (SBAs), in the last 3 years are annexed

Posted in Audit  1 comments |   18876 Views


ICAI releases Exposure Draft of Standards on Auditing for LLPs

   25 November 2023 at 08:49

Exposure Draft of Standards on Auditing for Limited Liability Partnerships

Posted in Audit |   2991 Views


Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting

   26 September 2023 at 08:46

The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently done by auditors and accountants.

Posted in Audit |   5220 Views