ICAI invites comments on Forensic Accounting and Investigation Standards exposure draft



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has released exposure drafts for new Forensic Accounting and Investigation Standards (FAIS). The Digital Accounting Assurance Board is seeking public comments on these drafts, which cover the preface, framework, and basic principles of FAIS. The deadline for submitting feedback is September 30, 2020.

The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) invites comments on the following exposure drafts of Forensic Accounting and Investigation Standards(FAIS):

  • Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) - Preface: Click here to download
  • Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) - Framework: Click here to download
  • Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) - Basic Principles: Click here to download

Last Date for Submitting Comments is September 30, 2020 (Submission links given in above-mentioned files and can be viewed after downloading the same)

FAQ :

The ICAI is inviting comments on exposure drafts for new Forensic Accounting and Investigation Standards (FAIS).

The drafts available for comment are the Preface, Framework, and Basic Principles of the Standard on Forensic Accounting and Investigation (FAIS).

The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) is responsible for inviting comments.

The last date for submitting comments is September 30, 2020.

Submission links are provided within the downloadable files for each exposure draft.




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