Tag: Guidance Note ICAI
ICAI issues an addendum and revises its Guidance Note on Audit of Banks 2020 Edition ICAI issues Addendum to Guidance Note on Audit of Banks, 2020 Edition ICAI, in view of the RBI circular no. RBI/2019-20/186DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020 and RBI Circular dated 17th April, 2020 …
ICAI Guide and FAQ on Indian Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance Educational Material on Indian Accounting Standards 20 The Ministry of Corporate Affairs (MCA) vide its notification dated 16th February, 2015 notified Ind AS 20, Accounting for Government Grants and Disclosure …
ICAI Practitioner’s Guide to Audit of Small Entities (Revised 2020) Naturally speaking, audit of small entities is relatively easier than the audit of large entities. However, auditors has to understand and consider typical features associated with small entities. In small entities, generally there is lack of internal control, …
ICAI Quick Referencer on IndAS. It provides glance on basic aspects of applicable standards ICAI Quick Referencer on IndAS Literature of the Indian Accounting Standards (IndAS) is vast and going through the entire literature when in need of a particular aspect is a practical problem. Taking cognizance of …
ICAI issues educational material on Indian Accounting Standard (Ind AS) 8, Accounting Policies, Changes in Accounting Estimates and Errors According to the ICAI This Educational Material on Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors will provide guidance to the stakeholders in understanding the criteria …
ICAI revised Guidance Note on Non Ind AS /IndAS Schedule III of the Companies Act 2013 In 2016, immediately after the introduction of format of Schedule III to the Companies Act 2013 , the ICAI had brought the first edition of the Guidance Note on Division I – …
ICAI Guidance Note 2019 Edition Section C – Bank Branch Audit other than Foreign Exchange Transactions AASB has issued the third and the final part of the Guidance Note on Audit of Banks 2019 edition. 2019 edition of the Guidance Note has been divided in three separate sections as follows: …
ICAI Revised 2019 edition of the Guidance Note on Audit of Banks Section A – Statutory Central Audit. The Guidance Note on Audit of Banks is issued by the Auditing and Assurance Standards Board (AASB) of ICAI every year which provide the detailed and updated guidance to the …
Deduction allowed as per Guidance Note of ICAI for lease equalization charges as there was no express bar in Income Tax Act regarding bifurcation of lease rental-SC A batch of appeals had been filed by the Income Tax Department (Revenue) against the judgment and order passed by the …
ICAI Guide-FAQ on Audit Report on SBN Disclosures in Financial Statements Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 (Pursuant to Notification No. G. S.R. 307(E) and Notification No. G.S.R. 308(E) …
