Tax Audit Report – Revised Forms 3CA, 3CB & 3CD (AY 2017-18)
CBDT has amended clause 31 of the Tax Audit Report Form 3CD w.e.f. 19 Jul. 2017. Further, Forms 3CA, 3CB and 3CD of Tax Audit Reports were substantially amended w.e.f. …
Category: Auditing
ICAI’s Exposure Draft of “Revised SA 299 on Joint Audits” for Comments
"Standards on Audit (SA) 299 relating to Joint Audits" issued by the ASB of ICAI lays down the broad principles for effective conduct of joint audit to achieve the overall …
ICAI’s Clarification and Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)
ICAI's Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …
ICAI’s Implementation Guide on Auditor’s Report under Rule 11(d)/ Amended Schedule III
ICAI's Guidelines for Members relating to adequate disclosures/ reporting on dealings/ holding of Specified Bank Notes during Demonetization; Implementation Guide on Auditor’s Report under Rule 11(d) of Companies Audit …
Applicability Date for Revised SA 700, SA 705, SA 706: ICAI Clarification
ICAI has reviewed the members' concerns and has announced that the effective date of Standards on Auditing {SA 700 (Revised), SA 701, SA 705 (Revised) and SA 706 (Revised)} …
Service Tax Compliance in Banks/ Branches: A Technical Guide by ICAI (2017 Edition)
Revised technical guide (2017 Edition) on “Compliances of Service Tax in Banking Sector” has been issued by IDTC of ICAI, to help members verify compliance under service tax while …
Report on Audit Quality Review 2015-16 by QRB
Report of the 'Quality Review Board (QRB)' on 'Audit Quality' for Review period 2015-16; Latest report is based on 102 cases reviewed by the QRB after its last …
ICAI’s Guidance Note on Bank Audit 2017 Revised Edition
The Guidance Note on Bank Audits (2017)- Revised Edition, issued by the AASB of ICAI is meant for detailed guidance of members on various important items of financial statements …
ICAI’s Exposure Draft: Revised SA-720 Auditor’s Responsibilities Relating to Other Information
The AASB of ICAI has invited comments/ feedback/ suggestions from the stakeholders on the exposure draft of "Revised SA-720 Auditor’s Responsibilities Relating to Other Information", latest by 20 Feb. …
MCA Constitutes Expert Group on Audit Rotation Issues concerning Indian CA Firms
MCA has constituted an expert group to address audit rotation issues raised by the domestic/ Indian CA firms, including review of restrictive conditions imposed by foreign investors with regard …