Audit News



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 |   468 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 |   579 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 |   725 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 |   536 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 |   1023 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 |   529 Views




Withdrawal of the Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 I. The Ministry of Corporate Affairs vide notification dated March 30, 2017 notified “Companies (Aud..

Posted in Audit |   560 Views




Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India (ICAI) has been constituted to provide support to ICAI and its members through proactive standard setting and guidance in the area of internal audit, including guidance related to risk management and governance,..

Posted in Audit |   705 Views




Hosting of Draft Bank Branch Auditors’ Panel for the year 2018-19 The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org for indicating the category of the applicants of Multipurpose Empanelment Form for t..

Posted in Audit |   894 Views




Auditors are to resolve agency problems. Moreover, independent audits are fundamental to taking informed and correct investment decisions. Availability of trustworthy nancial information on the performance of companies is important to proper functioning of market economy. Serious concerns arise if ..

Posted in Audit |   624 Views






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