Audit News

ICAI recently made an Announcement on Applicability of "Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements" to Statutory Auditors of Listed Entities and their Material Subsidiaries. The Auditing and Assurance Standards Board of ..

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Dear Professional Colleague Subject : ICSI UDIN and eCSIN Guidelines mandatory w.e.f. 1st October, 2019 The role of the Company Secretaries as governance enablers in the Indian corporate scenario has been well acknowledged, both by the corporates and the Regulators. Company Secretaries, both i..

Posted in Audit |   1390 Views

RBI/2019-20/64 DBS.CO.ARS.No.BC.01/08.91.021/2019-20 September 18, 2019 All Scheduled Commercial Banks (other than Regional Rural Banks), Small Finance Banks, Payments Banks and Local Area Banks Madam/ Dear Sir, Concurrent Audit System Please refer to circular DBS.CO.ARS.No.BC.2..

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1  Section 197(16) of the Companies Act, 2013 requires as under: "The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the provisions of this section, whether remuner..

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It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this menace and malpract..

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Advisory to Practicing Members conducting Cost Audit The Cost Audit Branch, Ministry of Corporate Affairs had issued an Exposure Draft for amendments to the Companies (Cost Records & Audit) Rules, 2014. However, due to certain technical issues, the new Taxonomy and the Validation Tool are yet..

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Clarification on Auditor’s Certificate on Return of Deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014  This has reference to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 and further amendments.  In this regard, the Ministry of C..

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NABARD Consultancy Services Private Limited (NABCONS) A Wholly owned subsidiary of NABARD An ISO 9001:2015 Company NABARD Consultancy Services Private Limited invites applications for the appointment of Internal Auditor at Corporate Office, Delhi. Terms of Reference (TOR) for engagement of Inte..

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Announcement for Attention of the Members Requirement of Mentioning UDIN while Signing Audit Reports  1. The members may be aware that “Unique Document Identification Number (UDIN)” has been made mandatory as per the Council decision taken at its 379th meeting held on 17-18 Dece..

Posted in Audit |   525 Views

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