Category: ICAI
ICAI has issued an Implementation Guide to Standard on Auditing (SA) 580 – Written Representations. The Implementation Guide provide practical guidance on implementation of the Standard on Auditing (SA) 580 “Written Representations”. The Standard is effective for audits of financial statements for periods beginning on or after April …
ICAI issues Social Audit Standard (SAS) 100 – Eradicating hunger, poverty, malnutrition and inequality This Social Audit Standard issued by ICAI relates to the thematic area of “eradicating hunger, poverty, malnutrition and inequality’’. The Standard aims to provide the Social Auditor with the necessary guidance in relation to …
ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised 2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation. brought out the revised edition of the Implementation Guide to …
ICAI has banned/suspended 12 Chartered Accountants (CAs) on being found guilty of Professional Misconduct. CAs found guilty have been punished by removal of their names for specified period and/or financial penalty as under: Particulars Punishment given CA. Navinchandra Virji Gada (Membership No. 123936), Mumbai Name removed from …
Mandatory evaluation of the Audit Quality Maturity of the firms using Revised Audit Quality Maturity Model (AQMM Rev v1.0) – ICAI Announcement According to latest ICAI Announcement, w.e.f. 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation …
ICAI issues Annual Fee Circular for FY 2022-23 ICAI has requested its CA Members to remit Annual Membership/Certificate of Practice fees for the year 2022-2023, which became due for payment on 1st April, 2022 and needs to be paid on or before 30th September, 2022. The need to …
ICAI notifies dates of November 2022 of CA Intermediate and Final Examinations along with Examinations in Post Qualification Courses The Institute of Chartered Accountants of India (ICAI) has notified the dates and places of next Chartered Accountants Examination of Intermediate and Final along with Examinations in Post Qualification …
Once dispute settled and complainant not interested in pursuing case, ICAI was not justified holding CA guilty of professional misconduct – Supreme Court dismisses SLP of ICAI ABCAUS Case Law Citation ABCAUS 3605 (2022) (08) ICAI A complaint was filed before ICAI by a Chartered Accountant against another …
Extension of time for Registration for Foundation Examination December 2022 ICAI has extended the time period for students to get registered in Foundation Course for appearing in Foundation Examination to be held in December, 2022 Extension of time period for Registration in Foundation Course for appearing in Foundation …
ICAI issues revised Guidance Note on CARO 2020 (Revised 2022 Edition) In July 2020, the ICAI had issued the “Guidance Note on the Companies (Auditor’s Report) Order, (CARO) 2020” to provide guidance on reporting requirements of CARO 2020. The CARO 2020 is applicable for audits of financial year …
