Audit News

ICAI Takes Action Against 3 EY Affiliates and Retired Partner for Professional Misconduct

30 April 2024 at 14:29

ICAI has made a decisive move, passing an order against auditing powerhouse EY's three affiliates and a retired partner, alongside disciplinary action against S V Ghatalia & Associates, LLP, and its partner for "professional misconduct."

Posted in Audit | 4788 Views

ICAI CCM Dhiraj Khandelwal Clarifies On NFRA Order of Rs 1 Crore Penalty

30 April 2024 at 11:11

In a recent development, CCM Dhiraj Khandelwal has addressed the concerns on 'X' surrounding the NFRA order imposing a significant penalty on Audit Firm M/s Dhiraj & Dheeraj.

Posted in Audit | 17136 Views

NFRA Imposes Rs 1 Crore Monetary Penalty on Audit Firm M/s Dhiraj & Dheeraj

29 April 2024 at 09:26

Audit Firm M/s Dhiraj & Dheeraj, along with CA Piyush Patni (EP) and CA Pawan Kumar Gupta (EQCR), have been found guilty of professional misconduct.

Posted in Audit | 22605 Views

NFRA Debars Two Chartered Accountants in Reliance Capital Case, Levies Fine

16 April 2024 at 08:57

The National Financial Reporting Authority (NFRA) has taken decisive action against alleged misconduct, debarring two Chartered Accountants (CAs) for a period ranging between 5 to 10 years.

Posted in Audit | 5403 Views

Expert Panel For Addressing Queries Related To Statutory Audit Pertaining To Auditing Aspects

11 April 2024 at 14:09

ICAI being the world's largest accounting body and regulator and developer of accountancy profession in India has always partnered in Nation Building and provided services for economic development of the country.

Posted in Audit | 720 Views

Online Panel of Experts for Addressing Bank Branch Audit Related Queries for FY 2023-24

29 March 2024 at 08:59

With a view to support the members for fast resolution of queries, AASB is pleased to announce an Online Panel of Experts for addressing Bank Branch Audit related queries for financial year 2023-24.

Posted in Audit | 3063 Views

ICAI Introduces 2024 Edition of Excel Utility for Bank Branch Audits

29 February 2024 at 09:02

The Institute of Chartered Accountants of India (ICAI) has launched the latest version of the Excel Utility for Bank Branch Audits in 2024.

Posted in Audit | 8472 Views

NFRA Initiates First Annual Inspection of Key Audit Firms by April 2024

20 February 2024 at 09:07

The National Financial Reporting Authority (NFRA) is set to embark on its inaugural annual review of prominent auditing organizations, including the industry's behemoths known as the Big Five.

Posted in Audit | 7044 Views

ICAI releases Guidance Note on Audit of Banks - 2024 Edition

15 February 2024 at 09:07

The area of operation / function of the Personal Banking Department is typically confined to resource mobilization, i.e., source of funds (for the bank) in the form of CASA deposits, term deposits, customer service and operations.

Posted in Audit | 5955 Views