The Institute of Chartered Accountants of India (ICAI) has extended the validity of Peer Review Certificates for practice units. This extension is a direct response to the ongoing COVID-19 pandemic and its impact across the country. Certificates originally expiring between 1st July 2021 and 31st July 2021 will now remain valid until 31st August 2021, provided no prior extension was claimed.
The Institute of Chartered Accountants of India, keeping in view the COVID-19 spurt across the country, has further granted relief to practice units by extending the expiry date of peer review certificate having original expiry date falling anytime from 1st July 2021 to 31st July 2021 till 31st August 2021. Read the official announcement below:
Peer Review Board
The Institute of Chartered Accountants of India
22nd July, 2021
ANNOUNCEMENT
Sub: Further extensions regarding the valid
Daily Limit Reached
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FAQ :
The ICAI is extending the validity of Peer Review Certificates for practice units.
The extension is in response to the continuing COVID-19 pandemic and partial lockdowns in various parts of the country.
Certificates with an original expiry date falling anytime from 1st July 2021 to 31st July 2021 are eligible, provided no previous extension has been taken.
The validity of eligible Peer Review Certificates is extended until 31st August 2021.
If a reviewer has submitted a report for a practice unit in the specified category, and it's considered complete by the Board up to 31st August 2021, the peer review certificate will be issued in continuation of the previous one.