Tag: ICAI
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 …
ASB of ICAI has replied to the question raised by Ind AS Transition Facilitation Group as to “whether the accumulated depreciation and provision for impairment under previous GAAP would …
The ICAI has clarified on FAQs regarding the requirements to prepare Consolidated Financial Statements in accordance with the applicable Companies Rules and the Accounting Standards, as under: These FAQs …
The ICAI vide Announcement dt 17 May 2016 has clarified that Form GNL 1 is applicable for making changes in Memorandum of Association (MoA) by Section 8 Companies instead …
ICAI has released various Revised/ New Standards on Auditing (i.e. SA 700, SA 701, SA 705, SA 706, SA 260 & SA 570), vide Announcement dt. 17/05/2016, as under: …
Accounting for depreciation is generally a significant matter for the purpose of true and fair determination of the operating results of a company as reflected in its statement of …
The ICAI has issued ‘Revised Standard on Auditing (SA) 610: Using the Work of Internal Auditors’ which deals with the external auditor’s responsibilities in case of the work of …
Discover the importance of uniformity in manner of signing CA certificates and how the ICAI guidelines help ensure authenticity and compliance.
The ICAI has issued clarification on compliance with Para 61/ 62 of SRE 2410 as to whether the auditor should ensure that the review results were published by the management along …
The ICAI has issued ‘Accounting Standards Interpretations (ASI)’ from time to time in connection with it’s different accounting standards. These interpretations are intended to apply only to material items. …