Quick Summary
The Institute of Chartered Accountants of India is inviting comments on Exposure Drafts of Forensic Accounting and Investigation Standards. The Last Date for Submitting Comments is January 28, 2021. Read the official announcement below:
Digital Accounting Assurance Board
The Institute of Chartered Accountants of India
28th December, 2020
Announcement
The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) invites comments on the following exposure drafts of Forensic Accounting and Investigation Standards(FAIS):
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Communication with Stakeholders - 250 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) - Reporting Results- 360 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Testifying Before a Competent Authority - 370 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Applying Data Analysis - 510 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Evidence Discovery in Digital Domain - 520 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Loans and Borrowings - 530 (Click here to download)
- Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Related And Connected Parties - 540 (Click here to download)
Last Date for Submitting Comments is January 28, 2021 (Submission links given in above mentioned files and can be viewed after downloading the same)
FAQ :
The ICAI is inviting comments on exposure drafts of new Forensic Accounting and Investigation Standards (FAIS).
The last date for submitting comments is January 28, 2021.
The exposure drafts cover areas such as communication with stakeholders, reporting results, testifying before a competent authority, applying data analysis, evidence discovery in the digital domain, loans and borrowings, and related and connected parties.
The exposure drafts can be downloaded by clicking the provided links in the official announcement.
The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) is responsible for issuing these exposure drafts.
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