The Institute of Chartered Accountants of India (ICAI), through its Auditing and Assurance Standards Board (AASB), has reconstituted its Expert Panel to assist members in addressing technical queries related to statutory audits for the upcoming audit season. The panel will remain active from 11th July 2025 to 30th September 2025, providing professional guidance on auditing aspects.
Official copy of the notification is as follows
Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
11th July, 2024
Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
Panel Convenors: CA. Sripriya Kumar, Chairperson, AASB and CA. Ravi Patwa, Vice Chairman, AASB
The Institute of Chartered Accountants of India (ICAI), as the world's largest accounting body and the regulator and developer of the accountancy profession in India, has consistently contributed to nation-building and supported the country's economic development. With the rapidly changing business landscape, the emergence of new-age companies and start-ups, a growing number of companies going public, and an increasing array of regulatory and reporting requirements, the role of auditors has expanded significantly. In this evolving environment, where expectations from auditors are continually rising, the Auditing and Assurance Standards Board (AASB) of ICAI is committed to support members in practice by enhancing audit quality.
In this regard, it is to inform you that the Board, in line with the past three years practice, has once again formed an Expert Panel which will provide technical support to the members with respect to their queries on auditing aspects for the coming Audit season. Members having specific queries may send such queries at email address: auditfaq[at]icai[dot]in. The panel will be open from 11th July 2025 till 30th September 2025.
To enable us to serve you better, as regards drafting queries, kindly be guided by the following:
- Be brief but provide full information and facts.
- Do not mention the name of the Client or Entity as such information is Confidential between the auditor and the client
- Do not submit the same query multiple times.
- Avoid rejoinders (i.e., repeated follow-ups or counter-responses on the same query).
- The Query mechanism is intended as a guide and you may consider to exercise your professional discretion in the conduct of your engagements and reporting thereon.
This initiative by AASB is on a best - effort basis and for the assistance of the members. The members are specifically informed that the views expressed by the experts would be their personal views and not necessarily the views of the AASB or the ICAI. AASB, ICAI or the experts of the Panel, do not accept any responsibility for actions taken by the querists based on such advice. Further, these views are not to be used as evidence in any non judicial/ quasi judicial/ judicial proceeding before any authority. Further, depending upon the nature of query, the Board reserves the right to not consider the query for response and the same may be done without assigning or communicating any reason therefore.
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