ICAI’s Technical Guide on Digital Assurance (Use of Technology in Audits)
The ICAI has released a “Technical Guide on Digital Assurance” to provide guidance to members on the use of technology in audits (January 2023 Edition). The ICAI came to …
Category: Auditing
List of 16 Social Audit Standards (SASs) with ICAI Framework (2023)
ICAI has published the final set of its "Social Audit Standards (SASs)" along with the framework. Social Auditors are required to follow these 16 SASs from January 14, 2023.
SA-230 Audit Documentation: Implementation Guide by ICAI (2022)
The “Implementation Guide to Standard on Auditing (SA) 230: Audit Documentation (Revised 2022 Edition)” has been released by the ICAI. It’s worth noting that auditors must adhere to the …
ICAI mandates Audit Quality Maturity Model (AQMM) Evaluation
ICAI has made it mandatory for certain audit firms that conduct audits of listed entities, banks (other than single state co-operative banks), and insurance companies to evaluate their audit …
ICAI forms ‘Institute of Social Auditors of India (ISAI)’, an SRO
Council of the ICAI has approved formation of a ‘Self Regulatory Organisation (SRO)’ to be named as the ‘Institute of Social Auditors of India (ISAI)’ for the purpose of …
ICAI’s Implementation Guide on Rule 11(e) & 11(f) of the Companies (Audit and Auditors) Amendment Rules, 2021
ICAI has released an ‘Implementation Guide on Rule 11(e) & 11(f) of the Companies (Audit and Auditors) Amendment Rules, 2021’, which has been notified by MCA vide Notification dt. …
List of ‘Standards on Internal Audit (SIA)’ issued by ICAI
ICAI’s Standards on Internal Audit (SIA) are comprehensive and address all aspects of the internal audit function. They are essential reading for all those with an interest in the …
MCA defers timelines for Audit Trail Requirement/ CSR-2 Filing
MCA has notified the Companies (Accounts) Second Amendment Rules, 2022 to further defer the date of applicability for the requirement relating to Audit Trail feature in the Accounting Software …
Mention of FRN mandatory for UDIN Generation by ICAI Members
ICAI has issued an Announcement on 31/01/2022, stating that it is mandatorily required from Members to mention the Firm Registration Number (FRN), during the process of generating the UDIN …
ICAI’s Implementation Guides on SA 210 and SA 560
ICAI has come out with the Implementation Guides on Auditing Standards ‘SA-560: Subsequent Events’ and ‘SA-210 : Agreeing the Terms of Audit Engagements, as under: ICAI’s Implementation Guide on …