ICSI issues Guidance Notes on its Auditing Standards CSAS-1, CSAS-2, CSAS-3 and CSAS-4
ICSI has issued Guidance Notes on its Accounting Standards to equip the Company Secretaries while conducting audits and and to bring uniformity in the professional work.
ICSI Guidance Notes on Auditing StandardsÂ
Earlier the ICSI had issued four Auditing Standards, i.e
(i) Auditing Standard on Audit Engagement (CSAS-1)
(ii) Auditing Standard on Audit Process and Documentation (CSAS-2)
(iii) Auditing Standard on Forming of Opinion (CSAS-3) and
(iv) Auditing Standard on Secretarial Audit (CSAS-4),
The above Standards are applicable mandatorily on the audit assignments accepted by the auditor on or after 1st April, 2021.
The Guidance Notes on Auditing Standards contains explanations, procedures and practical aspects of various provisions contained in ICSI Auditing Standards [CSAS-1 to CSAS-4].
Download Guidance Notes on ICSI Auditing Standards Click Here >>
- Date of digital signature and issue determines date of a notice u/s 148 of Income Tax Act
- DGFT authorises IACCIA to issue Certificate of Origin (Non- Preferential)
- Net profit rate may not have variation commensurate to increase of turnover
- Mushroom growing apparatus cannot be classified as ‘agricultural machinery’
- Statutory presumption attached to issuance of a cheque to be accorded due weight – SC
