Exposure draft of Guidance note on Audit of Consolidated Financial Statements
The Auditing & Assurance Standards Board of ICAI has issued an Exposure draft on Guidance note on Audit of Consolidated Financial Statements for public comments. This Guidance Note provides guidance on the specific issues and audit procedures to be applied in an audit of consolidated financial statements.
This Guidance Note can also be used for consolidated financial statements prepared for special purpose, to the extent applicable such as Initial Public Offers. Comments can be submitted not later than 10 September 2016.