Audit News



ANNOUNCEMENT Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years. The Corporate Laws & Corporate ..

Posted in Audit |   1312 Views




Empanelment of Concurrent Auditors 1. Invitation for empanelment 1.1 Union Bank of India conducts process for Empanelment of Concurrent Auditors, once in a year. This document is published as part of process for Empanelment of Concurrent Auditors for the FY 2019-20. 1.2 Union Bank of India ..

Posted in Audit |   1065 Views




Announcement Regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years. This is regarding the applicability of Rotation principles on a co..

Posted in Audit  1 comments |   692 Views



Guidance note on Audit of Banks 2019

 23 January 2019 at 11:12

Knowledge of the Banking Industry 1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economic growth and financial stability in the economy. There are different types of banking institutions prevailing in India which are as follows: (a) Comme..

Posted in Audit |   663 Views




OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI - 110124 Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020 Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of t..

Posted in Audit |   604 Views




The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org and will be available till 14th December, 2018. Thereafter the panel will be submitted to RBI.  Professional Development Committee ..

Posted in Audit |   968 Views




Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements Introduction 1. The objective of this Implementation Guide is to provide guidance to auditors in case of resignation/ withdrawal from an engagement to perform audit of financial statemen..

Posted in Audit |   829 Views




ANNOUNCEMENT Sub: 69th Annual Report and Audited Accounts of the Institute for the year 2017-18  In accordance with the provisions of sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Accounts of the Institute for the year ended o..

Posted in Audit |   639 Views




Preface to the Framework and Standards on Internal Audit  Framework Governing Internal Audits  Basic Principles of Internal Audit  Standard on Internal Audit (SIA) 210, Managing the Internal Audit Function  Standard on Internal Audit (SIA) 220, Conducting Overall Inter..

Posted in Audit |   1164 Views




Knowledge of the Banking Industry 1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economic growth and financial stability in the economy. There are different types of banking institutions prevailing in India which are as follows: (a) Comme..

Posted in Audit |   623 Views






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