Category: Auditing

ICAI has issued ‘Implementation Guide’ on ‘Revised SA-610: Using the Work of Internal Auditors’, for practical guidance of members. Revised SA-610 was issued in Feb. 2016 to be applicable from …

ICAI has issued Implementation Guide on Revised SA 700, SA 705 and SA 706, in view of new formats of audit reports having been prescribed under these audit standards …

ICAI has issued ‘Revised SA 299: Joint Audit of Financial Statements’, applicable w.e.f. 01/04/2018 in the case of audit of large entities which appoints more than one auditor (i.e. …

ICAI has issued an Implementation Guide on ‘SA 701: Communicating Key Audit Matters in the Independent Auditor’s Report’, for guidance of members in discharging their reporting responsibilities under this …

ICAI has issued ‘Revised SA 720: The Auditor’s Responsibilities Relating to Other Information’, applicable w.e.f. 01/04/2018, as under: ICAI’s Revised SA 720: The Auditor’s Responsibilities Relating to Other Information …

ICAI has published a “Technical Guide on Income Computation and Disclosure Standards (ICDS) – First Edition July, 2017”, in view of the fact that 10 Nos. ICDS notified by CBDT on …

ICAI’s Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …

ICAI has reviewed the members’ concerns and has announced that the effective date of certain Standards on Auditing, i.e. Revised SA 700, SA 701, Revised SA 705 and Revised …

The Auditing and Assurance Standards Board of the ICAI has issued the Revised Guidance Note on Audit Reports and Certificates for Special Purposes, which supercedes the 1984 edition of this …

The Companies Act, 2013 had introduced Section 143(3)(i) which requires the statutory auditors of companies to report on adequacy and operating effectiveness of internal financial controls system of the …