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ICAI Advisory for Bank Auditors while conducting Distance Audit / Remote Audit / Online Audit of Bank

Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation Dear Professional Colleagues, We hope this communique will find you safe and healthy. We are sure that by now most of us must have received appointment letters for statutory bank branch audits indicating branches to be

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“Going Concern” – Key Considerations for Auditors amid COVID-19

ICAI vide announcement dated May 10, 2020 issued Auditing Guidance on “Going Concern- Key Consideration for Auditors amid COVID-19”. Key takeaways of this guidance are: This guidance provides “list of Frequently Asked Questions (FAQs) along with responses” to deal with the various situations in the current environment , when undertaking procedures relating to, and concluding on,

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POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020

In continuation to the Important Announcement dated 27th March, 2020, it is hereby notified for general information that in view of the ongoing spurt of the COVID-19 pandemic and in the interest of the wellbeing of students, the Chartered Accountant Examinations scheduled from 19th June 2020 to 4th July, 2020* stand rescheduled and the said

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ICAI Advisory on Mentioning Fees in Advertisements issued by Members

The Institute of Chartered Accountants of India ( ICAI ) has said reiterated that, Fees including Free of Charge should not be Mentioned by Chartered Accountants in any Advertisement of Services. Certain concerns have been raised by members as to whether it is permissible to advertise the services rendered by them, while also mentioning that

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IASB Discussion paper on Business Combinations—Disclosures, Goodwill and Impairment

The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of Chartered Accountants of India (ICAI) believes that Ind AS Framework has enhanced the quality of financial statements of Indian entities and strengthened their competitiveness and comparability. Trinity of high quality financial

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