In the recent past the global & national economic environment has witnessed many a financial failures, which has drawn the attention of the world on the quality of Accounts & Audit practices being followed. In its proactive pursuit to upgrade and maintain audit quality, Peer Review Board was established by ICAI to ensure high standards of quality of attestation services. We hereby invite you to join the Institute’s esteemed panel of reviewers and get Empanelled as a reviewer, for conducting review assignments of ICAI members in pursuance of “Statement on Peer Review”. To become a Peer Reviewer, a member needs to satisfy the following conditions:
1. Possess at least 10 years audit experience and be currently active in practice.
2. Attend one-day Training Programme for the Peer Reviewers.
I am pleased to inform you that Peer Review Board proposes to organize training programmes for peer reviewers from the Western Region.
Eligible members are requested to get empanelled with the Peer Review Board by filling the Empanelment Form (enclosed) available at the following link:
You may send the duly filled Empanelment Form and the remittance of Rs.1000/- as training fees for the programme to Ms Seema Gerotra, Secretary, Peer Review Board, The Institute of Chartered Accountants of India, Post Box No. 7100, ICAI Bhawan, Indraprastha Marg, New Delhi – 110 002. You can also e-mail the filled Empanelment Form at firstname.lastname@example.org.
The Council of ICAI has accepted the recommendation of SEBI that for appointment as an auditor of listed companies for accounting periods commencing on or after April 1, 2009, the auditor Firms/Practice Units must have a certificate from the Peer Review Board of the Institute. Further, the Council also accepted the recommendation of SEBI that the financial statement of an unlisted company coming out with an initial public offer (IPO) should also be certified by the Audit Firms/Practice Units who have been issued a Certificate from the Peer Review Board.
I solicit & request your active cooperation in our endeavor for the betterment of auditing profession.
For any clarification and help, you may reach me at email@example.com or at Tel. No. 98211 19043.
FORM FOR APPLICATION FORM FOR EMPANELMENT AS A REVIEWER – DOWNLOAD