Audit News

ICAI released Guidance Note on Tax Audit u/s 44AB of IT Act for AY 2023-24

24 July 2023 at 08:44

The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 for the Assessment Year 2023-24.

Posted in Audit | 70173 Views

ICAI releases Exposure Drafts of SQM 1, SQM 2, SA 220 (Revised), SA 250 (Revised), SA 315 (Revised), SA 540 (Revised) and SRS 4400 (Revised)

12 July 2023 at 08:58

Exposure Drafts of SQM 1, SQM 2, SA 220(Revised), SA 250(Revised), SA 315(Revised), SA 540(Revised), SRS 4400(Revised)

Posted in Audit | 8862 Views

ICAI Extends Cutoff Date for Bank Branch Auditors Panel Preparation

01 July 2023 at 08:49

Cut-off date for the constitution of the firm and its members will now be as on 1st July, 2023 considering submission of Form 18 up to one month of submission (till 31st July, 2023) without condonation of delay

Posted in Audit | 12300 Views

One-Time Redressal Window made available for UDIN Modifications in O/o C&AG Application

27 June 2023 at 15:18

A One-Time Redressal Window is being made available for 3 days from 27.06.2023 to 29.06.2023

Posted in Audit | 6912 Views

Deloitte resigns as auditors of Byjus cites delay in providing financial statement of 2022

23 June 2023 at 08:59

Audit firm Deloitte has resigned as auditors of BYJU'S citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn.

Posted in Audit | 13977 Views

ICAI releases checklist on Standards on Auditing

23 June 2023 at 08:55

This Standard on Auditing (SA) establishes the independent auditor's overall responsibilities when conducting an audit of financial statements in accordance with SAs.

Posted in Audit | 13227 Views

ICAI organizes expert panel for addressing queries related to statutory audit pertaining to auditing aspects

18 April 2023 at 08:40

ICAI has decided to provide necessary support to the members in practice with respect to the Statutory Audit of Entities pertaining to auditing aspects with the objective of enhancing audit quality.

Posted in Audit | 1 comments | 6747 Views

ICAI issued clarification on acceptance of certain assignments by concurrent auditor of bank branches

10 April 2023 at 08:39

The members have sought guidance from the Institute on the matter of acceptance of certain assignments by the Concurrent Auditor of Bank Branches.

Posted in Audit | 8496 Views

ICAI forms Online Panel of Experts for addressing Bank Branch Audit related queries

01 April 2023 at 08:43

Online Panel of Experts for addressing Bank Branch Audit related queries

Posted in Audit | 6024 Views

ICAI releases Guidance Note on Audit of Banks (2023 Edition)

17 March 2023 at 08:41

Guidance Note on Audit of Banks (2023 Edition)

Posted in Audit | 9114 Views