ICAI Mandates Forensic Accounting and Investigation Standards (FAIS)
ICAI has announced that forensic accounting and investigation standards will become mandatory from July 1, 2023. Find out what this means for businesses and organizations.
Tag: ICAI
ICAI’s Implementation Guide on Rule 11(g): Reporting on Audit Trail
Get a comprehensive understanding of the new reporting requirement under Rule 11(g) on Accounting Software (Audit Trail) and the ICAI Implementation Guide that provides detailed guidance to auditors.
ICAI Mandates Annual Filing of ‘Know Your Member (KYM)’ Form
The Institute of Chartered Accountants of India (ICAI) has introduced the “Know Your Member (KYM)” Form, which must be submitted annually by all active members via the Self-Service Portal …
ICAI Implementation Guide to SA 580: Written Representations for Auditors
The ICAI has released a comprehensive Implementation Guide in the form of FAQs to help auditors obtain and handle written representations in compliance with SA 580. Read on to …
ICAI Technical Guide on Expatriates Taxation (Revised 2023)
The ICAI has published the revised 2023 edition of the "Technical Guide on Expatriates Taxation" to clarify important international tax issues, like residential status, salary taxability, PF rules for …
ICAI Guide on TDS u/s 195, Forms 15CA/15CB: Withholding Taxes on Payments to Non-residents
The ICAI has published a Guide on Withholding Taxes (TDS) on Payments to Non-Residents under Section 195 of the Income Tax Act, 1961, and Forms 15CA and 15CB to …
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 …
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.
Draft ICAI Guidance Note on Audit of Public Charitable Institutions u/s 12A Income Tax
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of the “Guidance Note on Audit of Public Charitable Institutions u/s 12A of the Income Tax …
ICAI “Technical Guide on Royalty/Fees for Technical Services” (2022)
ICAI has published the revised “Technical Guide on Royalty and Fees for Technical Services” (December 2022 Edition), which incorporates all the amendments made by the Finance Act, 2022, for …