Ind AS 116 – Leases: A New Era of Accounting for Lease contracts by Lessees
ICAI has drawn attention of all concerned to 'Ind AS 116 - Leases' recently notified by MCA vide Notification dt. 30 March 2019 on Companies (Ind AS) First Amendment …
Category: Auditing
MCA Notifies Companies (Ind AS) Amendment Rules, 2019
MCA has notified the Companies Indian Accounting Standards (Ind AS) First and Second Amendment Rules, 2019, applicable w.e.f. 1 April, 2019, to amend the 'Annexure B on Indian Accounting …
Revised SEBI Procedure/ Formats for Limited Review/ Audit Reports of Listed Entities
SEBI has notified the revised procedure/ formats for Limited Review/ Audit Reports of Listed Entities (including those entities whose accounts are to be consolidated with the listed entity), applicable …
Registering GST & Tax Audit Reports at UDIN Portal mandatory from 1 April 2019: ICAI
As part of Phase II of UDIN initiative, the ICAI has made it mandatory for all Member Chartered Accountants (CAs) in practice to register all GST & Tax audit …
ICAI Withdraws Clarification on Applicability of ‘Rotation Principles’ for a Company u/s 139 of CA 2013
ICAI has withdrawn its Clarification dt. 29 Jan. 2019 on 'whether Rotation Principles are Applicable for a company which ceases to fall under purview of Section 139 of the …
Registering Certificates at UDIN Portal, mandatory from 1 Feb. 2019: ICAI
ICAI has made it mandatory for all Member Chartered Accountants (CAs) in practice to register all certificates at UDIN portal, which are being issued on or after 1 Feb. …
ICAI’s Guidance Note on Reports in Company Prospectuses (Revised 2019)
ICAI has issued 'Guidance Note on Reports in Company Prospectuses (Revised Edition 2019)' on reporting requirements relating to financial information to be included in the 'prospectus/ offer documents' such …
ICAI’s Guidance Note on Bank Audit (Revised Edition: Jan. 2019)
AASB of ICAI has issued the 'Guidance Note on Bank Audits' (Revised Edition: Jan. 2019) meant for detailed guidance of members on various important items of financial statements of banks, …
ICAI’s Revised Guidelines for Implementation of SA 230 on ‘Audit Documentation’ (Dec. 2018)
ICAI has issued Revised Guidelines for Implementation of Standard on Auditing (SA) 230 on 'Audit Documentation' (Dec. 2018 Edition), which inter alia includes 37 FAQs, for help and guidance …
ICAI’s Exposure Draft of SASE 200 for Comments
The ICAI has issued Exposure Draft of 'Standard on Auditing for Audits of Smaller and Less Complex Entities (SASE) 200' relating to "Overall Objectives of the Independent Auditor and …