Category: Audit
Principal Auditor mandatorily required to perform procedures specified in SA 600 in case of group audits to obtain sufficient appropriate audit evidence for the work of other auditor NFRA Circular on responsibilities of principal auditor and other auditors in group audits. Every Principal Auditor mandatorily required to perform …
NFRA proposes revision to Standards of Auditing (SA) 600 to allow review of component / branch auditors work The SA 600 issued by ICAI titled as using the work of another auditor is sought to be revised by NFRA by introducing SA 600 (Revised), Special Considerations—Audits of Group …
UK and Australia signed MoU on recognising auditors to work between both countries The UK’s Financial Reporting Council (FRC) and the Australian Securities and Investment Commission (ASIC) have today announced a Memorandum of Understanding on Reciprocal Arrangements (MOURA) making it easier for auditors to work between both countries. …
Revised Eligibility Criteria for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) from FY 2021-22 and onwards RBI has revised the Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of banks etc. The circular inter alia provides for the eligibility criteria for appointment. Eligibility …
