Audit News
BSFCSCL invites proposals from CA Firms for the Outsourcing of Accounting, Financial Management and Internal Audit
10 February 2021 at 15:08Notice inviting request for proposals from eligible Chartered Accountant firms for outsourcing of accounting and financial management and internal audit at Bihar State Food & Supplies Corporation Limited.
ICAI releases Handbook on Audit of CSR Activities
11 January 2021 at 17:53The Institute of Chartered Accountants of India has released a Handbook on Audit of CSR Activities. Click the link given to download the same.
ICAI gives Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client
05 January 2021 at 17:19It is hereby clarified that under the provisions of the Chartered Accountants Act 1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.
Quality Review Board releases Report on Audit Quality Review
30 December 2020 at 10:08The Quality Review Board of India has released a Report on Audit Quality Review wherein, they have reviewed all the aspects of how an audit was performed in entities selected on a risk-based approach.
ICAI introduces One-time Condonation Scheme to regularize UDINs
28 December 2020 at 10:12The Institute of Chartered Accountants of India has decided to allow one-time condonation to its members for their earlier missed or late generated UDINs. In this regard, certain decisions have been taken. Read the official announcements and decision
ICSI releases Guidance Notes on ICSI Auditing Standards
22 December 2020 at 10:27The Institute of Company Secretaries of India has released Guidance Notes on the ICSI Auditing Standards (CSAS-1 to CSAS-4) - Audit Engagement. Read the provisions of the official guidance note here.
Know your Empanelment/Audit Allotment Status with CAG
18 December 2020 at 17:35Are you a CA Firm who has been empaneled to conduct the Audit of PSUs? The facility to check your Empanelment/Audit Allotment Status with CAG is live now. Click the given link to check your status now!
Supplementary audit quality review report dtd. 7th Dec 20
12 December 2020 at 16:29Supplementary audit quality review report dtd. 7th Dec 20
Relaxation of additional fees and extension of last date of filling of CRA-4 (form for filing of cost audit report) for FY 2019-20
05 December 2020 at 10:07Due to the COVID-19 pandemic, it has been decided to extend the date for submission of the Cost Audit Report for the Financial Year 2019-20 from 30th November 2020 to 31st December 2020.
Revised effective date for applicability of ICSI Auditing Standards - 1st April,2021
06 October 2020 at 13:19The Institute of Company Secretaries of India has revised the effective date for applicability of the ICSI Auditing Standards to 1st April 2021. Read the official announcement here.
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