ICSI releases Guidance Notes on ICSI Auditing Standards



Quick Summary
The Institute of Company Secretaries of India (ICSI) has published new Guidance Notes concerning its Auditing Standards, specifically CSAS-1 to CSAS-4, which cover Audit Engagement. These notes aim to provide detailed explanations, procedures, and practical advice to help stakeholders comply with the standards. The Auditing Standard on Audit Engagement (CSAS-1) has been effective on a recommendatory basis since July 2019 and mandatory since April 2021.

The Institute of Company Secretaries of India has released Guidance Notes on the ICSI Auditing Standards (CSAS-1 to CSAS-4) - Audit Engagement. Read the provisions of the official guidance note below:

Guidance Note on Audit Engagement

The Auditing Standard on Audit Engagement (CSAS-1), formulated by Auditing Standards Board (ASB) of the Institute of Company Secretaries of India (ICSI) and issued by the Council of the ICSI, is effective from 1st July, 2019 on a recommendatory basis and mandatory with effect from 1st April, 2021.

ICSI Releases Guidance Notes on Auditing Standards

This Guidance Note sets out the explanations, procedures and practical aspects in respect of the provisions contained in CSAS-1 to facilitate compliance thereof by the stakeholders.

To download the complete guidance note on ICSI Auditing Standards: Click Here

FAQ :

The ICSI has released Guidance Notes on the ICSI Auditing Standards (CSAS-1 to CSAS-4) relating to Audit Engagement.

The Guidance Notes provide explanations, procedures, and practical aspects of the provisions in CSAS-1 to CSAS-4 to assist stakeholders in their compliance.

CSAS-1 became effective on a recommendatory basis from 1st July 2019 and mandatory from 1st April 2021.

The Auditing Standard on Audit Engagement (CSAS-1) was formulated by the Auditing Standards Board (ASB) of the ICSI.




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