Audit News
CAG is duty bound to Report to Parliament Matters Involving Revenue Sharing
13 May 2014 at 17:49Our Long Time Stand that CAG has Constitutional Mandate to Audit Private Firms has been Vindicated by the Hon’ble Supreme Court says Shashi Kant Sharma The recent ruling of the Honorable Supreme Court is a landmark one and has removed, once for
Secretarial Audit under Section 204 of the Companies Act, 2013
08 May 2014 at 10:44Secretarial Audit under Section 204 of the Companies Act, 2013
Manner of Auditor's Reporting on RBI's Circular on Deferred Tax Liability on Special Reserve
01 May 2014 at 11:29The following Announcement is being issued by the Auditing & Assurance Standards Board under the Authority of the Council of ICAI. Manner of Reporting by the Auditors In Respect of RBI’s Circular on Deferred Tax Liability on Special Reserve
Clarification on prohibition of simultaneously undertaking Concurrent Audit and Quarterly Review of the same Bank
03 April 2014 at 10:53Since queries are being received from members at large on the issue, it is accordingly hereby clarified that concurrent audit and the assignment of quarterly review of the same Bank cannot be undertaken simultaneously as the concurrent audit being a
ICAI prohibits sharing of firms details for ranking
31 March 2014 at 11:20It has been brought to the notice of some members that certain entities are seeking details of the Chartered Accountants firms, for the purpose of making ranking of the various Firms through comparison of different parameters. In this regard, Members
Auditing and Assurance Standards Board- EXPERT PANEL for Addressing Bank Branch Audit Queries FY 2013-14
24 March 2014 at 11:21AUDITING & ASSURANCE STANDARDS BOARDCONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDITRELATED QUERIES FOR THE FINANCIAL YEAR 2013-14 Dear Members,The bank audit season is around the corner. Given the fact that the banking industry is typic
ICAI helps political party to establish sound accounting principles
11 March 2014 at 13:33Workshop on election expenditure monitoring andAuditing and Accounts of Political Parties 1. A workshop on “Election Expenditure Monitoring and Auditing and Accounts of Political Parties” was organised by Election Commission of India (ECI
2014 Guidance Note on Audit of Banks released by Auditing and Assurance Standards Board
03 March 2014 at 15:58The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued Guidance Note on Audit of Banks 2014 edition. For the benefit of members, complete text of the Guidance Note along with the accompanying ap
Coming soon from the Auditing and Assurance Standards Board: 2014 Guidance Note on Audit of Banks
25 February 2014 at 16:20COMING SOONNEW PUBLICATION FROM THE AUDITING & ASSURANCE STANDARDS BOARD2014 GUIDANCE NOTE ON AUDIT OF BANKS The Auditing and Assurance Standards Board of ICAI will soon bring out the 2014 edition of the Guidance Note on Audit of Banks. The 2014
Information regarding Audited/Unaudited Components - Manner of Disclosure in Principal Auditor's Report
13 February 2014 at 13:36Information regarding Audited/Unaudited Components - Manner of Disclosure in Principal Auditor's Report. For more information, find the attachment enclosed herewith.
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