ICAI extends validity of Peer Review Certificate in the wake of COVID -19 spurt across the country



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The Institute of Chartered Accountants of India (ICAI) has extended the validity of Peer Review Certificates. This decision was made to help Practice Units facing operational difficulties due to COVID-19 lockdowns across the country. Certificates that were due to expire between 1st April 2021 and 30th June 2021 will now remain valid until 31st July 2021. Practice Units are still advised to submit their final reports well before this new deadline to ensure continuity.

In order to mitigate the hardship, the Peer Review Board of the Institute of Chartered Accountants of Indiahas decided to grant an extension to the Peer Review Certificates expiring during the period from 1st April 2021 to 30th June 2021 up to 31st July 2021. Read the official announcement below:
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FAQ :

The validity has been extended to mitigate hardship for Practice Units experiencing operational breakdowns due to lockdowns imposed across the country because of the COVID-19 pandemic.

Certificates expiring between 1st April 2021 and 30th June 2021 are eligible for the extension.

The validity of these certificates has been extended up to 31st July 2021.

Practice Units are requested to ensure the submission of their completed Final Clean Report to the Board well in advance before 31st July 2021 to maintain the continuity of their certificate's validity.

The decision was made by the Peer Review Board of the Institute of Chartered Accountants of India.




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