Auditing Standard on Auditing Engagement Mandatory from April 1st Onwards: ICSI

Auditing Engagement-Taxscan

The Institute of Company Secretaries of India (ICSI) gives out guidelines on Auditing Standards. The standard will be mandatorily applied for Auditing Engagement accepted by the Auditor on 1st April 2020 onwards.

The Auditing Standard on Audit Engagement deals with the Auditor’s role and responsibilities with respect to an Audit Engagement and the process of entering into an understanding/agreement with the Appointing Authority for the purpose of audit.

The objective of the Standard is to prescribe for the Auditor, principles, and procedures to be followed while accepting or continuing with an Audit Engagement by agreeing to the terms of engagement with the Appointing Authority or any changes therein and matters relating thereto.


  1. Audit Engagement Process
  2. Limits on Audit Engagements
  3. Conflict of Interest
  4. Confidentiality
  5. Change in terms of Engagement

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