Audit News

Mandatory evaluation of Audit Quality Maturity of firms using Revised AQMM Rev v1.0
Posted in Audit on 14 September 2022
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..
CBDT inserts Rule 17AA notifying books & other documents to be maintained by different institutions
Posted in Audit on 11 August 2022
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. ..
ICAI releases Exposure Draft of Compendium of Social Audit Standards
Posted in Audit on 06 August 2022
Exposure Draft of Compendium of Social Audit Standards - for Comments..
IT Dept conducts raids in Delhi, Mumbai for alleged manipulation in stock markets
Posted in Audit on 27 July 2022
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 opera..
CAASB releases Exposure Draft of the Revised SCAs seeking public comments till July 8, 2022
Posted in Audit on 25 June 2022
Exposure Draft of the Revised Standards on Cost Auditing (SCAs)..
CAASB releases Exposure Draft of the Revised SCAs seeking public comments till June 23, 2022
Posted in Audit on 03 June 2022
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. ..
ICAI organizes programme to provide extensive understanding of AQMM v 1.0 for prospective trainers
Posted in Audit on 19 May 2022
One Day Train the Trainer Programme for prospective trainers for "The Audit Quality Maturity Model v 1.0."..
ICAI forms an Expert Panel for addressing queries related to Statutory Audit pertaining to Auditing Aspects
Posted in Audit on 16 April 2022
Board has formed an Expert Panel who will provide technical support to the members with respect to their queries and concerns on auditing aspects...
ICAI invites for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects
Posted in Audit on 11 April 2022
Invitation for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects..
ICAI releases 2022 edition of guidance note on audit of banks
Posted in Audit on 11 February 2022
Guidance Note on Audit of Banks (2022 Edition)..