Audit News



Circular No.9/2019  F. No. 370142/9/2018-TPL  Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  TPL Division  New Delhi, dated the 14th May, 2019  Order under section 119 of the Income-tax Act. 1961 &..

Posted in Audit |   442 Views




Cabinet approves the creation of one post of Deputy Comptroller and Auditor General in the office of Comptroller and Auditor General of India The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to create one post of Deputy Comptroller & Auditor Gen..

Posted in Audit |   415 Views




AUDITING AND ASSURANCE STANDARDS BOARD CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2018-19  Dear Members, The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and c..

Posted in Audit |   183 Views



FAQ on UDIN for Bank Audit

 01 April 2019 at 11:37

With effect from 1st April, 2019, UDIN is being made mandatory for GST & Tax Audit Reports and also considering the fact that Bank Audit is about to commence, UDIN Monitoring Group has come out with detailed FAQs on UDIN for Bank Audit.   A. About Unique Document Identification Numb..

Posted in Audit |   836 Views




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 |   1403 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 |   1207 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 |   741 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 |   772 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 |   658 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 |   1058 Views






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