Audit News
ICAI issues notice to auditors of Punjab national bank
23 February 2018 at 14:31The attention of Institute of Chartered Accountants of India (ICAI) has been drawn to various media reports highlighting the irregularities that have taken place in Punjab National Bank (PNB). While various investigating agencies have initiated their
Revised Formats of Statutory Auditor's Report for Urban Cooperative Banks
31 January 2018 at 11:07FOR THE ATTENTION OF THE MEMBERSRevised Formats of Statutory Auditor's Report for Urban Cooperative Banks The Auditing and Assurance Standards Board of ICAI is issuing the following revised formats of the statutory auditor�s report for urba
Draft bank branch Auditors panel of CA firms released for 2017-18
15 January 2018 at 10:34Dear Professional Colleagues,We are pleased to inform that the Draft Bank Branch Auditors Panel of Chartered Accountants/firms for the year 2017-18 has been prepared alongwith the category of the applicants. The Draft Panel contains the following:1.
Report on Audit Quality Review
16 November 2017 at 12:07AnnouncementReport on Audit Quality Review (2016-17) of the Quality Review Board1. 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 �B
Advise clients to approve tax audit reports timely says ICAI
30 October 2017 at 11:34Members are requested to advise their clients to timely approve the tax audit reports under their digital signatures for the AY 2017-18 uploaded by them on the e-filing portalThe Department of Income-tax (Systems) has informed ICAI that a large numbe
Amendment in revised Guidance Note on Audit of Consolidated Financial Statements
26 May 2017 at 12:36I. The Council of ICAI at its 365th meeting held on May 17-19, 2017 considered a matter regarding amendment to paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements issued in October 2016. At the meeting, the Council not
Implementation guide on Auditor's report
17 April 2017 at 11:45Implementation 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, 2013(Pursuant to Notification No. G. S.R. 307(E) and Notification No. G.S.R. 308(E
Highlight of the CAG report on Direct Taxes
06 April 2017 at 10:54HighlightsThe Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India (Duties, Power and Conditions of Service) Act, 1971. This Rep
Disclosure of specified bank notes in auditor's report
06 April 2017 at 10:54Regarding disclosure requirement and reporting requirement in the Auditor’s Report that the company has provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from
Guidance Note on Audit of Banks 2017 released
27 February 2017 at 16:24Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition. For the benefit of the members
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