Tag: guidance note
ICAI Guidance Note on Audit of Banks 2024 Edition ICAI has issued 2024 edition of the Guidance Note on Audit of Banks. The revised 2024 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the …
ICAI issue Technical Guide on Internal Audit of Pharmaceutical Industry the Indian pharmaceutical industry is the world’s 13th largest by value and third largest in the world by volume. The pharmaceutical industry in India was valued at an estimated US $42 billion in 2021 and is estimated to …
Guidance Note on Tax Audit u/s 44AB. ICAI releases revised 2023 Edition ICAI has released the revised 2023 edition of Guidance Note on Tax Audit u/s 44AB of the Income Tax Act 1961. The first Guidance note was released in 1985 and this ninth edition in series. Tax …
ICAI clarifies level of authority attached to Guidance Notes, Accounting Standards’ and ‘Standards on Auditing issued by it and degree of compliance required. Clarification Regarding Authority Attached to Documents Issued by ICAI 1. The Institute has, from time to time, issued ‘Guidance Notes’ on a number of matters. …
ICAI Educational Material on IndAS 105 Non-current Assets Held for Sale & Discontinued Operations ICAI releases Educational Material on IndAS 105, Non-current Assets Held for Sale and Discontinued Operations Ind AS 105 prescribes the accounting treatment for non-current assets held for sale and, and the presentation and disclosure …
ICAI Guidance Note on Accounting by E-commerce Entities. In view of increased number of online transactions for buying and selling of products / services, ICAI has revised its ‘Guidance Note on Dot-Com companies’ as the ‘Guidance Note on Accounting by E-commerce Entities’. This revised Guidance note deals with …
ICAI Guidance Note on Accrual basis of accounting 2021. The importance of Accrual basis of accounting assumes importance as one of the fundamental accounting assumption for preparing and presenting the financial statement is ‘Accrual’. The Institute of Chartered Accountants of India (ICAI) through its Research Committee has issued …
ICAI Hand book on Audit of CSR Activities Under the provisions of section 135 of the Companies Act 2013 its is mandatory for Companies to take up Corporate Social Responsibility (CSR) projects on various social welfare activities provided and/or notified by MCA. ICAI Hand book on Audit of …
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 Standards Earlier the ICSI …
ICAI Multiple Choice Questions (MCQs) on Guidance Note on CARO 2020 The Ministry of Corporate Affairs issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020 which was initially applicable for the financial years commencing on or after the 1st April, 2019. However, due to …
