The ICSI Council convened on 26th September 2020, making several significant decisions. Key outcomes include the approval of the annual accounts and report for 2019-20, and the establishment of ICSI Overseas Centres in Singapore, Australia, and Canada. Amendments to eCSin Guidelines and the eCSin Amnesty Scheme were also approved, alongside a Guidance Note on Independent Directors. The mandatory applicability of ICSI Auditing Standards (CSAS-1 to CSAS-4) has been extended to 1st April 2021.
Important decisions taken by the Council of the ICSI at its meeting held on 26thSeptember, 2020
1. Approved the Annual Accounts and Annual Report of the Institute for the Financial Year 2019-20.
2. Setting up of ICSI Overseas Centre at Singapore, Australia and Canada.
3. Approved the amendm
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FAQ :
The Council approved annual accounts and reports, decided to set up overseas centres in Singapore, Australia, and Canada, approved amendments to eCSin Guidelines and the eCSin Amnesty Scheme, and approved a Guidance Note on Independent Directors.
The mandatory applicability of ICSI Auditing Standards (CSAS-1 to CSAS-4) has been extended from 1st October 2020 to 1st April 2021.
New ICSI Overseas Centres will be set up in Singapore, Australia, and Canada.
The Council approved the conduct of online tutorials and doubt-clearing classes for students appearing in the December 2020 examination session. Additional ad-hoc examination centres were also approved.
Yes, a Guidance Note on Independent Directors was approved, and an Exposure Draft Guidance Note on Auditing Standard on Secretarial Audit CSAS-4 was approved for public comments.