ICAI releases Declaration Form - Peer Review Mandate - Phase I

Last updated: 26 February 2022

Quick Summary
The Institute of Chartered Accountants of India (ICAI) has released a declaration form for firms included in Phase I of the Peer Review Mandate. This mandate, effective from April 1, 2022, applies to firms that have conducted statutory audits for companies with listed equity or debt securities in India or overseas. Affected firms are required to submit the declaration form by March 31, 2022.

Peer Review Board
The Institute of Chartered Accountants of India
25th February, 2022

ANNOUNCEMENT

DECLARATION FORM

Peer Review Mandate - Phase I

ICAI Peer Review Mandate: Declaration Form Released

In furtherance to the Announcement "Peer Review Mandate - Roll Out" dated 12.02.2022 hosted at https://www.icai.org/post/peer-review-mandate-roll-out, the firms falling under Phase I of the roll out will be required to submit a declaration form https://forms.office.com/r/AA5Zpgdsrr by March 31, 2022.

It may be reiterated that phase I for which mandate is applicable from April 1, 2022 covers firms which have undertaken Statutory Audit of enterprises whose equity or debt securities are listed in India or abroad as defined under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Secretary,
Peer Review Board

FAQ :

The ICAI has released a declaration form for firms falling under Phase I of the Peer Review Mandate.

Firms that have undertaken the Statutory Audit of enterprises whose equity or debt securities are listed in India or abroad, as defined under SEBI regulations, and are part of Phase I of the roll-out.

The declaration form must be submitted by March 31, 2022.

The mandate for Phase I is applicable from April 1, 2022.

The declaration form can be accessed via the link: https://forms.office.com/r/AA5Zpgdsrr



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