A peer review of statutory auditors of listed companies may have become mandatory from April this year, but the Securities Exchange Board of India (Sebi) is yet to come out with a notification on the same. This is essential as listed companies are regulated by Sebi. Both the Institute of Chartered Accountants of India (ICAI), [...]

Multipurpose Empanelment Form for the year 2009-10 is an on line application instead of offline application Members can fill up the application form directly in the site it self and Upload it. Members can view the Application and can edit the Application in different stages. However after submission of the application form members will not be able [...]

The Insurance Regulatory and Development Authority (IRDA) has refrained from directly appointing statutory auditors, by retaining the practice of prescribing eligibility criteria for appointment of auditors by insurers. IRDA would not have a panel of auditors and would not appoint auditors, as demanded by accounting regulator ICAI. The regulator has not been maintaining panel of auditors since 2005 and instead [...]

Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user friendly and ensure that members do not face any problem in submitting the form. Apart from making form simple and user friendly members may note [...]

The global & national economic environment has in recent times been featured by the turbulences on the financial scenario following the unearthing of the frauds and procedural and financial malpractices. The credibility of the opinion expressed by the auditors on the independent review of financial statements and records have come under close scrutiny. All these [...]

The list of 18672 audit firms, which have been recommended by the RBI for statutory branch audit assignments in public sector banks during the year 2008-09 is hosted on the website. Members are requested to click on the link given below the announcement. Thereafter push the keys (Ctrl+f) together. A small window would open at [...]

Institute released two CDs on ‘Bank Branch Audit – An Overview’ recently and made  content of these CDs available free of cost to the members associated with Bank Branch Audit.  Accordingly they created http links for the said content. Please download the content from the following links: http://www.meficai.org/BankAudit/CD1.zip http://www.meficai.org/BankAudit/CD2.zip After download, you will require WINRAR [...]

We invite members’ attention to announcement, “Complaint regarding Bank Branch Audit Allotment 2008-09” hosted on the website on 16th March, 2009 requesting members to inform us in case they have not been allotted the bank branch audit this year despite the fact that they have been continuing auditors since 2004-05. In response to the aforesaid [...]

Co-Operative department Pune has released the Supplementary List of C.A. Firms/Chartered Accountants  eligible for Audit ofUrban Co-Operative Banks in the state of Maharashtra. List can be downloaded by clicking on link given below:- Copy and paste the link below in Your Browser  to download list Of Charterd Accountants eligible for empanelment for 2009-12 http://wirc-icai.org/docs/ca170309.xls All [...]

Your attention is drawn to the new Procedure for appointment of Branch Statutory Auditors in Public Sector Banks for the year 2008-09 already hosted on the website. It is an open invitation to all those Chartered Accountants/ CA firms which have been conducting audits as bank branch auditors since 2004-05 onwards continuously. In case they [...]