Audit News

ICAI gives Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client

05 January 2021 at 17:19

It 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.

Posted in Audit | 1 comments | 2676 Views

Quality Review Board releases Report on Audit Quality Review

30 December 2020 at 10:08

The 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.

Posted in Audit | 2529 Views

ICAI introduces One-time Condonation Scheme to regularize UDINs

28 December 2020 at 10:12

The 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

Posted in Audit | 1 comments | 15804 Views

ICSI releases Guidance Notes on ICSI Auditing Standards

22 December 2020 at 10:27

The 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.

Posted in Audit | 2433 Views

Know your Empanelment/Audit Allotment Status with CAG

18 December 2020 at 17:35

Are 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!

Posted in Audit | 4185 Views

Supplementary audit quality review report dtd. 7th Dec 20

12 December 2020 at 16:29

Supplementary audit quality review report dtd. 7th Dec 20

Posted in Audit | 2754 Views

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 10:07

Due 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.

Posted in Audit | 1698 Views

Revised effective date for applicability of ICSI Auditing Standards - 1st April,2021

06 October 2020 at 13:19

The 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.

Posted in Audit | 2463 Views

Empanelment with UCO Bank for Concurrent Audit

26 September 2020 at 12:56

UCO bank is inviting CA's from practicing firms to act as Concurrent Auditors. The application will be open from 24.09.20 to 30.09.20. Firms who wish to undertake the audit can apply via the Online Application Portal. Read the official notification here

Posted in Audit | 6573 Views