Audit News
Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting
Posted in Audit on 26 September 2023The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently d..
Deloitte to quit as Adani Ports' auditor after flagging concerns
Posted in Audit on 12 August 2023Deloitte has decided to resign as the auditor of Adani Ports & Special Economic Zone Ltd. The decision appears to be linked to concerns over certain transaction..
ICAI released Guidance Note on Tax Audit u/s 44AB of IT Act for AY 2023-24
Posted in Audit on 24 July 2023The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961..
ICAI releases Exposure Drafts of SQM 1, SQM 2, SA 220 (Revised), SA 250 (Revised), SA 315 (Revised), SA 540 (Revised) and SRS 4400 (Revised)
Posted in Audit on 12 July 2023Exposure Drafts of SQM 1, SQM 2, SA 220(Revised), SA 250(Revised), SA 315(Revised), SA 540(Revised), SRS 4400(Revised) ..
ICAI Extends Cutoff Date for Bank Branch Auditors Panel Preparation
Posted in Audit on 01 July 2023Cut-off date for the constitution of the firm and its members will now be as on 1st July, 2023 considering submission of Form 18 up to one month of submission (..
One-Time Redressal Window made available for UDIN Modifications in O/o C&AG Application
Posted in Audit on 27 June 2023A One-Time Redressal Window is being made available for 3 days from 27.06.2023 to 29.06.2023 ..
Deloitte resigns as auditors of Byjus cites delay in providing financial statement of 2022
Posted in Audit on 23 June 2023Audit firm Deloitte has resigned as auditors of BYJU'S citing a delay in submission of financial statements while almost simultaneously three of the edtech firm..
ICAI releases checklist on Standards on Auditing
Posted in Audit on 23 June 2023This Standard on Auditing (SA) establishes the independent auditor's overall responsibilities when conducting an audit of financial statements in accordance wit..
ICAI organizes expert panel for addressing queries related to statutory audit pertaining to auditing aspects
Posted in Audit on 18 April 2023ICAI has decided to provide necessary support to the members in practice with respect to the Statutory Audit of Entities pertaining to auditing aspects with the..
ICAI issued clarification on acceptance of certain assignments by concurrent auditor of bank branches
Posted in Audit on 10 April 2023The members have sought guidance from the Institute on the matter of acceptance of certain assignments by the Concurrent Auditor of Bank Branches...
Popular News
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