Tag: ICAI
The ICAI has issued a Clarification regarding Applicability of MCA Notification dt. 30 March 2017 on ‘SBN Transactions’ in respect of financial statements for FY 2017-18 (i.e. disclosure requirements …
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 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 …
The ICAI issued an advisory on certain points to be considered by Practicing/Director Members when certifying/submitting details and information in e-form DIR-3 (KYC of Directors) and to comply with …
ICAI has withdrawn Guidance Note on Accounting for Real Estate Transactions (applicable to Ind AS entities), originally issued based on principles of Ind AS 11 (Construction Contracts) and Ind …
To clarify the accounting treatment of the additional liability resulting from an increase in the gratuity ceiling under AS-15/Ind AS-19, the ICAI has released a list of frequently asked …
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 …