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Peer Review Board The Institute of Chartered Accountants of India 23rd September 2020 ANNOUNCEMENT Sub: Reckoning the date of revocation of the lockdown to be 30th September 2020 w.r.t extensions granted regarding the validity of Peer Review Certificate in the wake of COVID -19 spurt across the country This is in reference to the earlier Announcementdated 29.5.2020hosted on the website athttps://www.icai.org/resource/59761prb48614.pdf. Considering that Nation-wise unlock 4 has been is
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FAQ :
The Peer Review Board has reckoned the date of revocation of the lockdown to be September 30th, 2020.
Practice Units availing the benefit of Part A of the Announcement, whose Peer Review Certificate validity expired between April 1, 2019, and September 30, 2020, are affected.
The final clean report must be sent to the Board on or before October 31, 2020.
Yes, Practice Units can seek special approval from the Board for an extension of time, restricted to March 31, 2021, if major lockdown effects persist in their specific areas.
Practice Units availing the benefit of Part C of the Announcement are requested to initiate their Peer Review at the earliest.
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