ICAI’s Technical Guide on Digital Assurance (Use of Technology in Audits)
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 …
Tag: Guidelines
ICAI “Technical Guide on Royalty/Fees for Technical Services” (2022)
ICAI has published the revised “Technical Guide on Royalty and Fees for Technical Services” (December 2022 Edition), which incorporates all the amendments made by the Finance Act, 2022, for …
ICAI ‘Handbook on GST Invoicing’ (2022)
The ICAI has published a revised ‘Handbook on Invoicing under GST’ (November 2022 Edition) to provide stakeholders with guidance on the GST provisions relating to invoicing, including recent amendments …
SA-230 Audit Documentation: Implementation Guide by ICAI (2022)
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 …
Checklist on Disclosure Requirements of ICAI’s Accounting Standards
For the benefit of Members and other stakeholders, the ICAI has published a revised checklist on the disclosure requirements prescribed by accounting standards (AS) 1 to 29 (October 2022 …
ICAI Technical Guide on ‘Financial Statements of LLPs’
ICAI has issued a Technical Guide on ‘Financial Statements of Limited Liability Partnerships (LLPs)’ for the guidance of Members/other Stakeholders for compliance with applicable accounting standards and financial reporting …
ICAI’s Checklist on MCA’s IND AS Disclosure Requirements
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 …
Taxpayers can now use IT Portal’s co-browsing feature
The co-browsing (collaborative browsing) feature of the IT Portal is now available to income-tax payers. This feature enables Helpdesk agents to safely navigate a taxpayer’s browser screen and lead …
NFRA releases Audit Quality Inspection Guidelines
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 …
ICAI’s Handbook on Composition Scheme under GST (2022)
ICAI has published the second edition of the ‘Handbook on Composition Scheme under GST’ (August 2022) to provide Members and other stakeholders with full explanations of the related ideas …