Audit News

Final Bank Branch Auditors panel hosted for 2018-19

14 December 2018 at 11:12

The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org and will be available till 14th December, 2018. Thereafter the panel will be submitted to RBI. Professional Development

Posted in Audit | 5283 Views

Implementation guide on resignation of Auditor by ICAI

01 December 2018 at 13:31

Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial StatementsIntroduction1. The objective of this Implementation Guide is to provide guidance to auditors in case of resignation/ withdrawal from an engagem

Posted in Audit | 6150 Views

Annual report and audited accounts of ICAI for 2017-18

29 November 2018 at 15:36

ANNOUNCEMENTSub: 69th Annual Report and Audited Accounts of the Institute for the year 2017-18 In accordance with the provisions of sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Account

Posted in Audit | 3663 Views

Standards on Internal Audit issued by ICAI

28 November 2018 at 11:49

Preface to the Framework and Standards on Internal Audit Framework Governing Internal Audits Basic Principles of Internal Audit Standard on Internal Audit (SIA) 210, Managing the Internal Audit Function Standard on Internal Audit (SIA) 220, Cond

Posted in Audit | 5838 Views

Draft guidance note on Audit of Banks 2019 edition

28 November 2018 at 11:49

Knowledge of the Banking Industry1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economic growth and financial stability in the economy. There are different types of banking institutions prevailing in

Posted in Audit | 3933 Views

ICAI withdraws implementation guide on Auditor's report for specified bank notes

26 November 2018 at 11:32

Withdrawal of the Implementation Guide on Auditor�s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013I. The Ministry of Corporate Affairs vide notification dated

Posted in Audit | 3390 Views

Survey on the state of the internal audit profession by ICAI

21 November 2018 at 11:38

Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India (ICAI) has been constituted to provide support to ICAI and its members through proactive standard setting and guidance in the area of internal audit, including g

Posted in Audit | 3804 Views

Bank Branch Auditors Panel for the year 2018-19 hosted

19 November 2018 at 11:09

Hosting of Draft Bank Branch Auditors’ Panel for the year 2018-19The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org for indicating the category of the applicants of

Posted in Audit | 5943 Views

MCA report on regulating Audit firms and the Network

12 November 2018 at 11:05

Auditors are to resolve agency problems. Moreover, independent audits are fundamental to taking informed and correct investment decisions. Availability of trustworthy nancial information on the performance of companies is important to proper functio

Posted in Audit | 3942 Views

Report submitted on regulating Audit firms and the networks to the Govt

01 November 2018 at 11:17

Committee of Experts submits its report on Regulating audit firms and the NetworksThe Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Aff

Posted in Audit | 3660 Views