Audit News

Deputy CAG post created in the office of CAG

16 April 2019 at 11:25

Cabinet approves the creation of one post of Deputy Comptroller and Auditor General in the office of Comptroller and Auditor General of IndiaThe Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to create one pos

Posted in Audit | 3510 Views

Expert Panel for addressing Bank branch audit queries formed by ICAI

01 April 2019 at 22:49

AUDITING AND ASSURANCE STANDARDS BOARDCONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2018-19 Dear Members,The bank audit season is around the corner. Given the fact that the banking industry is typica

Posted in Audit | 2844 Views

FAQ on UDIN for Bank Audit

01 April 2019 at 11:37

With effect from 1st April, 2019, UDIN is being made mandatory for GST & Tax Audit Reports and also considering the fact that Bank Audit is about to commence, UDIN Monitoring Group has come out with detailed FAQs on UDIN for Bank Audit. A. About

Posted in Audit | 5295 Views

MCA direct ICAI to withdraw notification on applicability of auditor rotation

18 February 2019 at 11:30

ANNOUNCEMENTWithdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent

Posted in Audit | 5934 Views

Empanelment of Concurrent Auditors with Union Bank of India

04 February 2019 at 12:03

Empanelment of Concurrent Auditors1. Invitation for empanelmentUnion Bank of India conducts process for Empanelment of Concurrent Auditors, once in a year. This document is published as part of process for Empanelment of Concurrent Auditors for the F

Posted in Audit | 8343 Views

Rotation of auditors not to apply if a company ceases to fall under Rotation principles

30 January 2019 at 11:27

AnnouncementRegarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.This is regarding the ap

Posted in Audit | 1 comments | 4665 Views

Guidance note on Audit of Banks 2019

23 January 2019 at 11:12

Knowledge of the Banking Industry1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economic growth and financial stability in the economy. There are different types of banking institutions prevailing in

Posted in Audit | 4104 Views

Empanelment of CA firms with CAG for 2019-20

31 December 2018 at 16:47

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI - 110124Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020Online Applications are invited from Chartered Accountant firms/LLPs who desire

Posted in Audit | 4842 Views

Final Bank Branch Auditors panel hosted for 2018-19

14 December 2018 at 11:12

The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org and will be available till 14th December, 2018. Thereafter the panel will be submitted to RBI. Professional Development

Posted in Audit | 5295 Views

Implementation guide on resignation of Auditor by ICAI

01 December 2018 at 13:31

Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial StatementsIntroduction1. The objective of this Implementation Guide is to provide guidance to auditors in case of resignation/ withdrawal from an engagem

Posted in Audit | 6174 Views