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Audit News


Explanatory Memorandum on Applicability of Audit Quality Maturity Model

 26 May 2021 at 20:18

This AQMM v1.0 is being shared with various stakeholders as an Exposure Draft and will be available for public comments for a period of 15 days, until 1st July 2021.

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Posted in Audit |   579 Views


ICAI constitutes Online Panel of Experts for Addressing Bank Branch Audit Related Queries for FY 2020-21

 01 April 2021 at 05:41

ICAI, with a view to support their members for fast resolution of their queries, has decided to offer online support to the members from April 1st, 2021 till April 15th, 2021 for the bank branch audits for the year ended 31st March 2021.

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Posted in Audit |   492 Views


Companies (Audit and Auditors) Amendment Rules, 2021

 25 March 2021 at 05:32

The Ministry of Corporate Affairs has released the Companies (Audit and Auditors) Amendment Rules, 2021 to further amend the Companies (Audit and Auditors) Rules, 2014.

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Posted in Audit |   2628 Views


ICAI | Expression of Interest in Projects of the IASB

 17 March 2021 at 15:45

As part of its agenda to continue to improve the knowledge base of its members, the Board of ICAI issues Standards on Internal Audit and Implementation Guides thereof Industry Specific Technical Guides and Generic Guides.

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Posted in Audit |   354 Views


ICAI | Seeking Preliminary Expression of Interest for Audit Tool

 10 March 2021 at 22:48

CMP wishes to develop an Audit Tool so as to bring process automation and ease of doing audit in organizing its various audit activities.

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Posted in Audit |   909 Views


Exposure Draft of SA-SLCE

 15 February 2021 at 05:25

The Institute of Chartered Accountants of India has released the Exposure Draft of Standard for Audit of Smaller and Less Complex Entities. Read the entire draft here.

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Posted in Audit |   603 Views


BSFCSCL invites proposals from CA Firms for the Outsourcing of Accounting, Financial Management and Internal Audit

 10 February 2021 at 15:08

Notice inviting request for proposals from eligible Chartered Accountant firms for outsourcing of accounting and financial management and internal audit at Bihar State Food & Supplies Corporation Limited.

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Posted in Audit |   1077 Views


ICAI releases Handbook on Audit of CSR Activities

 11 January 2021 at 17:53

The Institute of Chartered Accountants of India has released a Handbook on Audit of CSR Activities. Click the link given to download the same.

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Posted in Audit |   1479 Views


ICAI gives Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client

 05 January 2021 at 17:19

It is hereby clarified that under the provisions of the Chartered Accountants Act 1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

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Posted in Audit  1 comments |   1215 Views


Quality Review Board releases Report on Audit Quality Review

 30 December 2020 at 10:08

The Quality Review Board of India has released a Report on Audit Quality Review wherein, they have reviewed all the aspects of how an audit was performed in entities selected on a risk-based approach.

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Posted in Audit |   666 Views