ICAI again extends Validity of Peer Review Certificate in the wake of COVID -19

ICAI - Peer Review Certificate - Covid - Second Wave - Extension - Taxscan

The Institute of Chartered Accountants of India ( ICAI ) has extended the validity of the Peer Review Certificate in the wake of COVID -19 spurt across the country till August 31st.

In view of the fact that the pandemic is still continuing and several parts of the country are under partial lockdown and considering the requests received in this regard, the Board has decided to grant relief to the practice units by extending the expiry date of the peer review certificate having original expiry date falling anytime from 1st July 2021 to 31st July 2021 till 31st August 2021 i.e. cases where no extension benefit has been availed as per any of the earlier announcements of the Board. However, in the case where the reviewer has already submitted the report in respect of a Practice Unit falling in the aforesaid category, which is considered by the Board and found complete up to 31st August, 2021 the peer review certificate shall be issued in continuation of the previous certificate.

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