ITR/ Tax Audit (TAR) Due Date further Extended upto 31 Oct. 2018 (AY 2018-19): CBDT
CBDT has tweeted/ notified that the due date for filing of Income Tax Return (ITR) along with Tax Audit Report (TAR) has been further extended from 15 Oct. 2018 …
Category: Auditing
Internal Auditor can’t undertake GST Audit of same Entity due to Role Conflict: ICAI
ICAI has clarified that 'internal auditor' of an entity can't undertake 'GST Audit' of the same entity due to role conflict of Internal Auditor and Statutory Auditor. Besides, bar on …
ICAI Advisory for Practicing CAs to register Certified/ Attested Documents at UDIN Portal
ICAI has issued Advisory for Practicing Chartered Accountants (CAs) to register all certified/ attested documents at UDIN Portal (https://udin.icai.org) and to generate respective Unique Document Identification Number (UDIN) for …
ICAI Representation to CBDT: Extend last date for Tax Audit Reports/ ITR from 30 Sept. 2018 to 31 Oct. 2018
ICAI has submitted a Representation to CBDT on 31 Aug. 2018 requesting for extension of last date for submission of Tax Audit Reports and related returns (ITR) for AY …
ICAI’s Technical Guide on Audit of Urban Improvement Trusts (UITs)/ Development Authorities
ICAI has released a Technical Guide on 'Audit of Urban Improvement Trusts (UITs) and Development Authorities'. This guide helps Members/ Auditors in identifying specific matters which are important while reporting on …
ICAI’s Implementation Guide on ‘Revised SA-610: Using the Work of Internal Auditors’
For practical guidance of members, the ICAI has issued 'Implementation Guide' on 'Revised SA-610: Using the Work of Internal Auditors', which was issued in Feb. 2016 applicable from 1 April, …
Revised Forms 3CA, 3CB, 3CD: Tax Audit Report FY 2017-18/ AY 2018-19
CBDT has notified revised Tax Audit Report Forms (3CA, 3CB, 3CD) from time to time. On 20 July 2018, Form 3CD has been further revised (applicable from 20 Aug. …
Report on Audit Quality Review (2017-18) by Quality Review Board (QRB)
Quality Review Board (QRB) has issued a Report on Audit Quality Review for the period 2017-18, providing key findings and analysis of observations made by the Technical Reviewers in their …
ICAI’s Exposure Drafts of Revised SA 800, SA 805 and SA 810 for Comments
ICAI has issued Exposure Drafts of Revised SA 800 (Special Considerations - Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks), SA 805 (Special Considerations - Audits of Single Financial …
ICAI’s Checklist of ‘Ind AS Disclosure Requirements for Companies’
The ICAI has come out with a publication "Indian Accounting Standards (Ind AS): Disclosures Checklist", for guidance of its members, to provide a compilation/ checklist of all the disclosure requirements …