Audit News

Multi Purpose empanelment Form for 2007-2008

09 June 2007 at 03:40

Multipurpose Empanelment Form for the year 2007-08Members may please note that the Multipurpose Empanelment Form for the year 2007-08 is likely to be hosted around mid of June, 2007. Members may also note that clear 30 days time would be given for fi

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Bank Audit Fees- Revised

07 June 2007 at 03:09

Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 RBI/2006-2007/ 429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Bank

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Auditors with only ICAI certificate to scan books of listed firms

13 May 2007 at 01:22

Following the request of the Securities and Exchange Board of India (Sebi), the Institute of Chartered Accountants of India (ICAI) has decided that the audit of listed companies and public sector undertakings will be conducted only by auditors holdin

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CAs can accept more tax audit assignments

13 May 2007 at 01:14

The Central Council of the Institute of Chartered Accountants ofIndia (ICAI) has increased the ceiling on the number of tax auditassignments that a chartered accountant can accept in a financial yeareither as partner or proprietor. "The ceiling on ta

Posted in Audit | 8217 Views

Good News- Allotment of bank branch audits - Relaxation

17 March 2007 at 05:12

My dear colleagues,Sub.: Allotment of bank branch auditsYoumight be aware that the Reserve Bank of India has recently decided torestrict audit of bank branches, to such branches whose advances aremore than Rs.5 crores. Hitherto, this limit of auditab

Posted in Audit | 15003 Views

ICAI unhappy with relaxation of audit norms

15 March 2007 at 05:31

The Institute of Chartered Accountants of India has taken up cudgelswith the Reserve Bank of India after the banking regulator relaxednorms and spared bank branches with less than Rs 5 crore business fromcompulsory audit.TheRBI move has huge ramifica

Posted in Audit | 7728 Views