Tag: icai announcement
ICAI Audit Quality Maturity Model (AQMM) review shall be applicable to Practice Units which are subject to Peer Review and auditing specified entities ICAI widens the scope of mandatory applicability of Audit Quality Maturity Model (AQMM) The ICAI’s Audit Quality Maturity Model (AQMM) is a mandatory self-assessment framework for …
Chartered Accountants Final Examination to be held twice a year from May 2026 Examination onwards ICAI vide Notification dated 15.04.2024 had decided that from May/June 2024 onwards, Intermediate & Foundation course Examinations will be held thrice in a year in the month of May/June, September and January from …
Applicability of ICAI Guidance Note on Financial Statements of Non-Corporate Entities/LLPs for FY 2025-26 and 2026-27 ICAI has issued an important announcement on applicability of ‘Guidance Note on Financial Statements of Non-Corporate Entities’ and ‘Guidance Note on Financial Statements of Limited Liability Partnerships’ for annual reporting periods 2025-26 …
ICAI defers the mandatory effective date of SQM 1 and SQM 2 The Council of ICAI, at its 451st Meeting held on 30th and 31st March 2026 considered the matter relating to the mandatory effective date of SQM 1 and SQM 2. The Council decided to defer the …
ICAI issues revised Criteria for classification of Non-company entities for applicability of Accounting Standards issued by it. The Council of the ICAI at in August 2024, considered the revised criteria for classification of Non-company entities for applicability of Accounting Standards issued by The Institute of Chartered Accountants of …
ICAI extends last date for payment of Membership /COP fee for FY 2024-25 to 31st December, 2024. Announcement for Extension of last date for payment of Membership /COP fee for the year 2024-25 to 31st December, 2024 Members & Students Services DirectorateThe Institute of Chartered Accountants of India30th …
ICAI launches Audit Quality Maturity Model version 2.0 (AQMM v 2.0) ICAI launches Audit Quality Maturity Model version 2.0 (AQMM v 2.0). The AQMM v 1.0 has been made mandatory w. e. f. April 1, 2023, to the firms auditing the following entities: (a) a listed entity; or …
Extension of applicability of Peer Review Mandate for CA Firms covered under Phase II & III. Revised Applicability of ICAI Peer Review Mandate According to FAQ on Peer Review Board issued by ICAI the term “peer” means a person of similar standing. The term “review” means a general …
ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) Standards on Auditing prescribe the detailed auditing framework for conducting audits of financial statements of various entities. These Standards contain various audit requirements and related application guidance to explain these requirements. Auditors need to comply with …
Issuance of CPE Statement, 2023: Guidelines on Continuing Professional Education for undergoing CPE Activities by Members of ICAI The Continuing Professional Education Committee (CPEC) a non-standing committee of the Council of the ICAI is entrusted with the task of setting strategic directions and overseeing CPE activities of Programme …
