Audit News

ICAI issues notice to Amrapali Auditors

26 October 2018 at 22:31

The attention of ICAI has been drawn to several media reports highlighting the ongoing proceedings in the Hon’ble Supreme Court in the hearings of Amrapali Group Companies. Based on the interim reports of the forensic auditors appointed by the

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Audits under 44AD, 44ADA and 44AE not to be included for threshold of audits under CA Act - ICAI

24 August 2018 at 11:41

ANNOUNCEMENTModification in the Council Guidelines No. 1-CA(7)/02/2008 dated 8th August, 2008 as contained in Appendix No. (34) to the Chartered Accountants Act, 1949In furtherance of the Announcement dated 11th February 2014 and 2nd July, 2014 infor

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Clause 30C in TAR - 3CD to kept in Abeyance

20 August 2018 at 13:55

Circular No. 6/2018F. No. 370142/9/2018-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesTPL DivisionNew Delhi, Dated the 17th of August, 2018Order under section 119 of the Income-tax Act, 1961Section 44AB of

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Last date for MEF submission extended to 5th Sep due to Kerala floods

20 August 2018 at 12:53

As our Members are aware that Kerala is facing its worst flood in 100 years, with 80 dams opened and all rivers in spate. A body blow has been dealt to the scenic state, with its infrastructure, standing crops and tourism facilities severely hit. Apa

Posted in Audit | 2457 Views

RBI to issue guidelines for Audit of Banks

08 August 2018 at 11:09

With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sector Banks (PSBs), which covers the norms on eligibi

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Report on Audit Quality Review (2017-18) of the Quality Review Board

01 August 2018 at 11:42

Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the Chartered Accountant

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Empanelment as a Technical Reviewer with Taxation Audits Quality Review Board of ICAI

25 July 2018 at 12:27

It is a pleasure to inform you that the Council of the Institute has constituted the Taxation Audits Quality Review Board in the year 2018 with an objective to review any report prescribed under the Income-tax Act, 1961 and Rules framed thereunder an

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FAQ on SA 570 Going Concern : For FY 2017-18 Audit

22 May 2018 at 16:40

Frequently Asked Questions on SA 570 (Revised), 'Going Concern' (Applicable for audits of financial year 2017-18)BackgroundAs the members are aware that ICAI has issued SA 570 (Revised),

Posted in Audit | 6177 Views

Stats Audit of units of ICAI : CA firms application invited

04 May 2018 at 10:43

Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI) [Announcement No. EOI/SA/2018-19 Dated 01/05/2018]====================

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Application invited by CA firms for Internal Audit of ICAI units

04 May 2018 at 10:43

Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Internal Audit of various units of the Institute of Chartered Accountants of India (ICAI) [Announcement No. EOI/IA/2018-19 Dated 01/05/2018] ====================

Posted in Audit | 3156 Views