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RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]

The Reserve Bank of India (RBI) has directed to make detailed Board approved policy on methodology and periodicity for review/renewal of credit...

ICAI issues Guidelines for Key Considerations by Auditors amid COVID-19

Financial Reporting - High-Level Independent Committee - COP Fees - Cash Flows - ICAI - Taxscan

ICAI issues Advisory on Impact of Coronavirus on Financial Reporting and the Auditors Consideration

Re-appointment of Auditors by Company ceases to fall under Rotation Principles: ICAI withdraws...

Profit and Loss adopted in AGM Qualified by Auditors can’t be Altered: ITAT [Read Order]

ICAI clarifies Using Information Available at Information Utility (IU) Platform for External Confirmations [Read Announcement]

The Institute of Chartered Accountants of India ( ICAI ) has clarified certain things on using Information available at Information Utility (IU) Platform for External Confirmations by Auditors. ...

Chartered Accountants Act won’t be Repealed due to NFRA, says Official

There is no plan to repeal the Chartered Accountants Act due to the rollout of National Financial Reporting Authority, an Official said to Business Standard. The central government has no plan to...

Regulation on Auditors & Audit Firms: Experts Committee suggests to give more Powers to NFRA

The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Affairs. The Committee was...

ICAI issues Notices to Auditors of Amrapali Group Companies

The Institute of Chartered Accountants of India ( ICAI ) has recently issued notices to the auditors of the Amrapali Group Companies based on the interim reports of the forensic auditors appointed by...

NFRA: ICAI writes to Govt expressing Disappointment

The Institute of Chartered Accountants of India (ICAI), the apex Chartered Accountants body in India, has expressed displeasure with the government for not including it in discussions to frame rules...

Reforms in Appointment of Statutory Auditors on the Cards: ICAI develops Software

In the light of recent controversies on NPAs and frauds from audit perspective, changes are expected in the area of appointment of statutory auditors as the Institute of Chartered Accountants of India...

SEBI proposes Stringent Rules for Auditors and Valuers

The Securities Exchange Board of India (SEBI) has proposed to stringent the rules for auditors and Valuers hired by listed companies for auditing financial results as the Auditing lapses have caused...

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