"A chartered accountant with 21 years of post qualification experience, I am a regular speaker at various forums such as ICAI CPE Study Circles, PHD Chambers of Commerce and international forums such as Institute of Chartered Accountants of Barbados. I am a part of various study groups of ICAI including that for developing Guidance Note on CARO 2020 and developing a standard for small and less complex entities (Exposure draft issued by ICAI) besides other material developed by Auditing & Assurance Standards Board of ICAI. I have also recorded video lectures on CARO 2020 for the e-learning course of ICAI. My professional experience includes working with Deloitte (India), Deloitte (UK), E&Y, BDO India, Baker Tilly International (Indian member firm- Haribhakti & Co.) I was part of teams to implement global audit methodology at Deloitte India and BDO India. I have developed audit methodology for my present firm BGJC & Associates LLP where I am a senior partner for nearly 5 years."
A practicing chartered accountant is generally well versed with tax laws, company law and even the accounting standards. Unfortunately, as is evident from numerous findings of reviews by the Quality Review Board, the focus on standards on auditing is missing. This article aims to highlight the key aspects of the standards on auditing.
