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The Institute of Cost and Management Accountants of India has requestedthe public for comments on Exposure Draft of Standard on Quality Control. The same can besubmitted latest by 15th February 2021 through email at caasb@icmai.in. Read the official announcement below: Request for Comments Exposure Draft of Standard on Quality Control (ED SQC) The Cost Auditing and Assurance Standards Board (CAASB), the standard-setting body of the Institute, in its 39th meeting finalised the Exposu
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FAQ :
The Institute of Cost and Management Accountants of India (ICMAI) is requesting comments.
The deadline for submitting comments is 15th February 2021.
Comments can be submitted via email to caasb@icmai.in.
The standard covers a firm's responsibilities for its system of quality control for audits, reviews of cost statements, cost records, and other assurance and related services engagements.
The Cost Auditing and Assurance Standards Board (CAASB), the standard-setting body of the Institute, is responsible for this standard.
The objective is to provide reasonable assurance that the firm and its personnel comply with professional standards, applicable legal and regulatory requirements, and that issued reports are appropriate.
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