Audit News
Internal auditor can carry tax audit for FY 2008-09
10 March 2009 at 14:51The Council in its 281st meeting held from 3rd to 5th October, 2008 decided that an internal auditor of an assessee, whether working with the organization or an independently practicing Chartered Accountant being an individual chartered accountants o
C and AG Empanelment-Last date extended
11 February 2009 at 22:04Last date of Online Submission of Application of CA Firms for PSU Audits to C&AG has been extended to 20th February 2009. Last date of Online Submission of Application of CA Firms&nb
Procedure for Appointment of Branch Auditors in PSBs
11 February 2009 at 10:39Procedure for Appointment of Branch Statutory Auditors in Public Sector Banks (Psbs) for the Year 2008-09 - (11-02-2009) - 1. The large PSBs having balance sheet size (assets + liabilities) of above Rs. 1 lac crore each to exercise managerial au
Extension of Time for Completion of Peer Review
12 January 2009 at 19:14Peer Review Process is required to be completed within a stipulated time schedule, those firms which did not adhered to this time schedule were sent a communiqu to complete their Peer Review Process by November, 2008. Our communiqu also stated that t
Four more Auditing Standards approved
25 December 2008 at 14:37Revised Auditing Standards on Fair Value, Audit Sampling, Related Parties and Opening Balances The Council of the Institute in its recently concluded 283rd meeting has approved four more Standards on Auditing. These SAs relate to important aspects in
Date for completion of Peer Review process extended till Dec 15, 2008
29 November 2008 at 15:29Practice Units selected for undergoing Peer Review were advised to ensure that the Peer Review Process was completed in their cases latest by November 30, 2008. It has now been decided that date for completion of Peer Review process be extended till
Draft Bank audit empanelment for 2008-09 list hosted!!
01 November 2008 at 22:11Draft Panel for the year 2008-09East North South West (Categorization is subject to verification of Declaration and Financial Documents. Feedback if any on draft panel may be sent to mefpdc@icai.in on or before 05/Nov/2008)Declaration in res
Auditors should partner the Governemnt in Social Sector Programmes
15 October 2008 at 01:05Auditors should partner the Governemnt in Social Sector Programmes: President 24TH ACCOUNTANTS GENERAL CONFERENCE INAUGURATED FOCUS ON GOOD GOVERNANCE: CAG President of India, Smt. Pratibha Devi Singh Patil said that auditors should partner th
MEF Application Form submission date extended to 6th Oct for 2008-09
15 September 2008 at 13:23The last date for submission of application on the website www.meficai.org has been extended to 6th October, 2008 and the last date for receipt of duly signed hard copy of declaration (alongwith the acknowledgement of soft submission of application)
Auditors' Edition of Tally
30 August 2008 at 16:18The Business Advisory Program is an ICAI (Institute of Chartered Accountants of India) initiative to help their members to explore new avenues to enhance their scope of services, thereby increasing their revenue opportunities. Considering Tally's exp
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