Audit News

ICAI | Draft Bank Branch Auditors' Panel (MEF) of CAs/firms for the year 2022-23

03 January 2023 at 08:41

Draft Bank Branch Auditors' Panel (MEF) for the year 2022-23

Posted in Audit | 8184 Views

ICAI issues implementation guide to Standard on Auditing (SA) 230

16 December 2022 at 08:33

Implementation guide to Standard on Auditing (SA) 230

Posted in Audit | 6078 Views

ICAI | Penalty of Rs 5 lakh imposed on CA for exceeding tax audit limit prescribed u/s 44AB

10 December 2022 at 08:40

The Disciplinary Committee of ICAI has imposed penalty of Rs.5 Lakh and removed CA from Register of members for a period of 03 Months for professional misconduct on conducting tax audit under section 44AB of beyond the limit prescribed by the Institute

Posted in Audit | 32082 Views

Mandatory evaluation of Audit Quality Maturity of firms using Revised AQMM Rev v1.0

14 September 2022 at 08:35

W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0)

Posted in Audit | 5967 Views

CBDT inserts Rule 17AA notifying books & other documents to be maintained by different institutions

11 August 2022 at 08:49

The Central Board of Direct Taxes (CBDT) on August 10, 2022, issued Income-tax (24th Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962.

Posted in Audit | 1 comments | 8463 Views

ICAI releases Exposure Draft of Compendium of Social Audit Standards

06 August 2022 at 08:43

Exposure Draft of Compendium of Social Audit Standards - for Comments

Posted in Audit | 4533 Views

IT Dept conducts raids in Delhi, Mumbai for alleged manipulation in stock markets

27 July 2022 at 08:38

Income Tax Department carried out a search and seizure operation on 05.07.2022 on a group engaged in agro and textile business, and another group of entry operators.

Posted in Audit | 6114 Views

CAASB releases Exposure Draft of the Revised SCAs seeking public comments till July 8, 2022

25 June 2022 at 08:32

Exposure Draft of the Revised Standards on Cost Auditing (SCAs)

Posted in Audit | 2442 Views

CAASB releases Exposure Draft of the Revised SCAs seeking public comments till June 23, 2022

03 June 2022 at 08:39

Second Proviso to Section 148(3) of the Companies Act, 2013 states that the auditor conducting cost audit shall comply with the cost auditing standards.

Posted in Audit | 2616 Views

ICAI organizes programme to provide extensive understanding of AQMM v 1.0 for prospective trainers

19 May 2022 at 08:44

One Day Train the Trainer Programme for prospective trainers for "The Audit Quality Maturity Model v 1.0."

Posted in Audit | 4044 Views