Audit News

Clarification on the difference in requirement relating to auditor rotation

01 October 2016 at 12:08

1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to the auditor’s rotation under the SQC 1, &ldquo

Posted in Audit | 1 comments | 3756 Views

Authorization of Practising CS for conducting Third Party Certification Audits

10 September 2016 at 10:52

THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of ParliamentPDPP&S/LL/2016/37 Dated: September 09, 2016Dear Professional Colleagues Sub. : Authorization of Practising Company Secretar

Posted in Audit | 3 comments | 4857 Views

New and revised standards on auditing

19 May 2016 at 10:44

Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the Independent Auditor�s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor�s Repo

Posted in Audit | 2 comments | 9810 Views

Simplification of procedure to deal with audit objections raised in indirect taxes by CAG

13 April 2016 at 10:30

Central Board of Excise and Customs (CBEC) has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The Circular rescinds all the past circulars and instructions and prescribes a

Posted in Audit | 9177 Views

Draft Bank Branch Auditors Panel for the year 2015-16

11 January 2016 at 16:08

Dear Sir,Please find placed below Draft Bank Branch Auditors’ Panel for the year 2015-16. To view the category, please click on the relevant interval: MEF00001-05000 MEF05001-10000 MEF10001-15000 MEF15001-20000 MEF20001-25000 MEF25001-30000 MEF

Posted in Audit | 13545 Views

ICAI president meets minister to discuss issues in appointment of stat auditors for public sector banks

09 November 2015 at 11:11

CA. Manoj Fadnis, President, ICAI and CA. Anuj Goel, Member, Central Council & Chairman, Professional Development Committee met and represented before Hon'ble Minister of State for Finance, Shri Jayant Sinha on 6th Novemeber, 2015 to discuss

Posted in Audit | 14274 Views

Circulation of Fake order for extension of due date : CBDT

28 September 2015 at 12:04

Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16

Posted in Audit | 9 comments | 19506 Views

Empanelment of CA/ICWA for Audit of Service Tax Assessees

25 September 2015 at 10:53

Empanelment of CA/ICWA for Audit of Service Tax AssesseesPlease refer to the enclosed attachment

Posted in Audit | 3 comments | 19848 Views

Government notifies 4 Cost Auditing Standards

12 September 2015 at 11:02

Tech/CAASB/9/2015September 11, 2015 To,All Stakeholders Dear Sir / Madam, Government of India, Ministry of Corporate Affairs, vide their letter no. 52/33/CAB/2013 dated 10th September, 2015 has, under section 148(3) of the Companies Act, 2013, grante

Posted in Audit | 3 comments | 17253 Views

No Extension of Date for Filing of Returns due by 30th Sept for AY 2015-16

09 September 2015 at 17:43

No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16 for Certain Categories of Assessees Including Companies, and Firms and, Individuals Engaged in Proprietary Business/Profession etc whose Accounts are require

Posted in Audit | 15 comments | 31536 Views