Audit News

ICAI issues Framework for Social Audit Standards

04 February 2023 at 12:40

This Framework defines and describes the elements and objectives of a social audit performed by social auditors.

Posted in Audit | 8571 Views

ICAI releases ED for issuing guidance note on audit of public charitable institutions u/s 12A

11 January 2023 at 08:36

Exposure Draft for issuing Guidance Note on Audit of Public Charitable Institutions under section 12A of the Income-Tax Act, 1961 for Public Comments

Posted in Audit | 4866 Views

ICAI | Draft Bank Branch Auditors' Panel (MEF) of CAs/firms for the year 2022-23

03 January 2023 at 08:41

Draft Bank Branch Auditors' Panel (MEF) for the year 2022-23

Posted in Audit | 8172 Views

ICAI issues implementation guide to Standard on Auditing (SA) 230

16 December 2022 at 08:33

Implementation guide to Standard on Auditing (SA) 230

Posted in Audit | 6036 Views

ICAI | Penalty of Rs 5 lakh imposed on CA for exceeding tax audit limit prescribed u/s 44AB

10 December 2022 at 08:40

The Disciplinary Committee of ICAI has imposed penalty of Rs.5 Lakh and removed CA from Register of members for a period of 03 Months for professional misconduct on conducting tax audit under section 44AB of beyond the limit prescribed by the Institute

Posted in Audit | 31851 Views

Mandatory evaluation of Audit Quality Maturity of firms using Revised AQMM Rev v1.0

14 September 2022 at 08:35

W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0)

Posted in Audit | 5880 Views

CBDT inserts Rule 17AA notifying books & other documents to be maintained by different institutions

11 August 2022 at 08:49

The Central Board of Direct Taxes (CBDT) on August 10, 2022, issued Income-tax (24th Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962.

Posted in Audit | 1 comments | 8448 Views

ICAI releases Exposure Draft of Compendium of Social Audit Standards

06 August 2022 at 08:43

Exposure Draft of Compendium of Social Audit Standards - for Comments

Posted in Audit | 4530 Views

IT Dept conducts raids in Delhi, Mumbai for alleged manipulation in stock markets

27 July 2022 at 08:38

Income Tax Department carried out a search and seizure operation on 05.07.2022 on a group engaged in agro and textile business, and another group of entry operators.

Posted in Audit | 6072 Views

CAASB releases Exposure Draft of the Revised SCAs seeking public comments till July 8, 2022

25 June 2022 at 08:32

Exposure Draft of the Revised Standards on Cost Auditing (SCAs)

Posted in Audit | 2397 Views