Category: Auditing
The NFRA has requested feedback on the proposed new requirement of publishing an annual transparency report (ATR) by the statutory auditors of NFRA-regulated public interest entities (PIEs) from Financial …
The ICAI has released a “Technical Guide on Digital Assurance” to provide guidance to members on the use of technology in audits (January 2023 Edition). The ICAI came to …
The ICAI has published the final set of its “Social Audit Standards (SASs)”. Social Auditors are required to follow these 16 SASs in the social audits commencing on or …
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of the “Guidance Note on Audit of Public Charitable Institutions u/s 12A of the Income Tax …
The “Implementation Guide to Standard on Auditing (SA) 230: Audit Documentation (Revised 2022 Edition)” has been released by the ICAI. It’s worth noting that auditors must adhere to the …
The ICAI has issued an updated publication titled “Indian Accounting Standards (Ind AS): Disclosures Checklist (2022 Edition),” which includes approximately 3000 disclosures for companies preparing Ind AS-based financial statements …
To further raise the calibre of the audit profession, the National Financial Reporting Authority (NFRA) has released its audit quality inspection guidelines, for adherence by the Inspection teams. The …
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
The ICAI has released the Guidance Note (2022) on Transfer Pricing Reports under Section 92E of the Income-Tax Act of 1961, which integrates amendments made by the Finance Act …
ICAI has issued ‘Technical Guide on Audit of Charitable Institutions u/s 12A of the Income-tax Act, 1961‘ (2022 Edition), for guidance and assistance of Members/ Other Stakeholders, in view …
