ICAI’s Implementation Guide on ‘Revised SA 570: Going Concern’
Get clarity on the implications of SA 570 (Revised) for auditor's reports with ICAI's FAQs. Learn how to issue a reliable and informative auditor's report.
Category: Profession
UDIN mandatory for all Audit Reports/ Certificates from 01/07/2019: ICAI
ICAI mandates all Practicing CAs to generate an 18 digit UDIN from 'UDIN portal' and mention on each document certified/ attested w.e.f. 01/07/2019.
ICAI Withdraws Clarification on Applicability of ‘Rotation Principles’ for a Company u/s 139 of CA 2013
ICAI has withdrawn its Clarification dt. 29 Jan. 2019 on ‘whether Rotation Principles are Applicable for a company which ceases to fall under purview of Section 139 of the …
UDIN is mandatory for which type of Certificates from 01/02/2019?
ICAI has made it mandatory from 01/02/2019 to register all certificates at UDIN portal and has listed the type of Certificates which are covered/ not covered under the new …
ICAI’s Guidelines for Auditors on Mid-term Resignation
ICAI has issued guidelines for auditors withdrawing from the audit work through mid-term resignation, which includes auditor’s responsibilities and professional obligations to be complied with, specially in the case of listed …
ICAI Withdraws Implementation Guide on Auditor’s Report under Rule 11(d)/ Amended Schedule III
The AASB of ICAI has withdrawn the “Implementation Guide on Auditor‘s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies …
ICAI’s E-Handbook for Guidance on HSN Classification under GST
ICAI has released an E-Handbook for guidance on HSN classification under GST, to facilitate correct determination of applicable classification/ GST rate for respective goods and services, by considering relevant …
ICAI Permits Members to ‘Hold COP’ and Work as ‘Insolvency Professional’
The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as “Insolvency Professional” (as part of “Management Consultancy …
Applicability Date for Revised SA 700, SA 705, SA 706: ICAI Clarification
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 …
AS-30, AS-31, AS-32 withdrawn by ICAI
ICAI has announced withdrawal of ‘AS 30 on Financial Instruments: Recognition and Measurement’, ‘AS 31 on Financial Instruments: Presentation’ and ‘AS 32 on Financial Instruments: Disclosures’, as under: ICAI …