Subject: Extension of last date to submit comments on exposure draft of Guidance Note on Auditing Standards on Secretarial Audit (CSAS-4)
The Institute of Company Secretaries of India had issued first four Auditing Standards namely CSAS-1: Auditing Standard on Audit Engagement; CSAS-2: Auditing Standard on Audit Process and Documentation; CSAS-3: Auditing Standard on Forming of Opinion and CSAS-4: Auditing Standard on Secretarial Audit on 6th May, 2019. These Standards are made applicable on recommendatory basis on Audit engagements accepted by the Auditor on or after 1st July, 2019; and mandatory for Audit engagements accepted by the Auditor on or after 1st April, 2021.
To set out the explanations, procedures and practical aspects in respect of the various provisions contained in the Auditing Standards, Guidance Notes on the first three Auditing Standards i.e CSAS-1, 2 & 3 had been issued by the ICSI on 10th January, 2020.
Further, the exposure draft of Guidance Note on Auditing Standards on Secretarial Audit (CSAS-4) was released on 4th October, 2020 and comments were invited on the same till 7th November, 2020.
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