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Auditing Standards

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Ethical issues in Auditing

CA, CS, CMA : Explore the ethical issues in auditing, their consequences, and strategies for maintaining integrity. Understand how ethical stand...

July 13, 2024 642 Views 0 comment Print

Excel Guide: Setting Audit Materiality & Sampling for Auditing Standards

CA, CS, CMA : Learn how to set audit materiality, performance materiality, and determine sample sizes using Excel. Enhance audit accuracy and co...

June 11, 2024 1725 Views 0 comment Print

Demystifying ISA 580: Management Representation Letters in Auditing

CA, CS, CMA : Explore significance of ISA 580 and crucial role of Management Representation Letters in audits. Learn their purpose, reliability,...

September 13, 2023 3018 Views 0 comment Print

Coffee Day Global Limited (CDGL) – NFRA Orders & Auditing Standards

Company Law : Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and...

August 2, 2023 3000 Views 2 comments Print

SAS 500: Environmental Sustainability, Climate Change & wildlife conservation

CA, CS, CMA : SAS 500 is the fifth of the 16 SAS, which will become effective once posted by ICAI SRO i.e ISAI. The prime objective is to drasti...

July 4, 2023 1317 Views 0 comment Print


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Framework for Social Audit Standards – ICAI

CA, CS, CMA : Framework for Social Audit Standards defines and describes the elements and objectives of a social audit performed by social audit...

February 4, 2023 5169 Views 0 comment Print

Draft ICSI SAS- 16 promoting welfare of migrants and displaced persons

CA, CS, CMA : ICSI Social Audit Standard – 16 (ICSI SAS-16) aims to aid the Social Auditors with necessary instructions or guidelines for the ...

January 24, 2023 627 Views 0 comment Print

Draft ICSI SAS- 15 on bridging the digital divide in internet and mobile phone access, addressing issues of misinformation and data protection

CA, CS, CMA : ICSI Social Audit Standard – 15 (ICSI SAS-15) aims to aid the Social Auditors with necessary instructions or guidelines for the ...

January 24, 2023 441 Views 0 comment Print

Draft ICSI SAS- 14 on facilitating access to land and property assets for disadvantaged communities

CA, CS, CMA : ICSI Social Audit Standard – 14 (ICSI SAS-14) aims to aid the Social Auditors with necessary instructions or guidelines for the ...

January 24, 2023 435 Views 0 comment Print

Draft ICSI SAS- 13 on promotion of financial inclusion

CA, CS, CMA : ICSI Social Audit Standard – 13 (ICSI SAS-13) aims to aid the Social Auditors with necessary instructions or guidelines for the ...

January 24, 2023 732 Views 0 comment Print


Latest Notifications


NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...

June 26, 2023 10326 Views 0 comment Print

No further deferment of Standard on Auditing 701 (SA 701): MCA

Company Law : Further deferral of SA 701 cannot be permitted and it remains applicable for audits of financial statements for periods beginning ...

April 12, 2019 8613 Views 0 comment Print


Latest Posts in Auditing Standards

Ethical issues in Auditing

July 13, 2024 642 Views 0 comment Print

Explore the ethical issues in auditing, their consequences, and strategies for maintaining integrity. Understand how ethical standards shape the role of auditors.

Excel Guide: Setting Audit Materiality & Sampling for Auditing Standards

June 11, 2024 1725 Views 0 comment Print

Learn how to set audit materiality, performance materiality, and determine sample sizes using Excel. Enhance audit accuracy and compliance with auditing standards.

Demystifying ISA 580: Management Representation Letters in Auditing

September 13, 2023 3018 Views 0 comment Print

Explore significance of ISA 580 and crucial role of Management Representation Letters in audits. Learn their purpose, reliability, and steps auditors take when challenges arise.

Coffee Day Global Limited (CDGL) – NFRA Orders & Auditing Standards

August 2, 2023 3000 Views 2 comments Print

Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and hospitality. NFRA has issued orders against auditors for alleged financial irregularities. This article discusses the case and the issue of provisioning interest on NPAs.

SAS 500: Environmental Sustainability, Climate Change & wildlife conservation

July 4, 2023 1317 Views 0 comment Print

SAS 500 is the fifth of the 16 SAS, which will become effective once posted by ICAI SRO i.e ISAI. The prime objective is to drastically cut down waste generation through prevention, reduction, recycling, and reuse, while also ensuring the preservation of mountains, wild life and revitalization of degraded land.

NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

June 26, 2023 10326 Views 0 comment Print

NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.

SAS 300 Promoting Education, Employability and Livelihoods

June 20, 2023 1287 Views 0 comment Print

Discover the impact of SAS 300 in promoting education, employability, and livelihoods. Uncover the processes and evaluation methodologies for social auditors, addressing challenges and key metrics. Explore the role of data collection, key questions, and metrics in assessing the social impact. Learn about the challenges and limitations faced during the audit and gain insights into promoting a brighter future through education.

Framework for Social Audit Standards – ICAI

February 4, 2023 5169 Views 0 comment Print

Framework for Social Audit Standards defines and describes the elements and objectives of a social audit performed by social auditors. It provides a frame of reference Social auditors when performing social audit i.e., social impact assessment of project/ program executed by social enterprises.

Draft ICSI SAS- 16 promoting welfare of migrants and displaced persons

January 24, 2023 627 Views 0 comment Print

ICSI Social Audit Standard – 16 (ICSI SAS-16) aims to aid the Social Auditors with necessary instructions or guidelines for the effective Social Audit of Social Enterprises engaged in the field of promoting welfare of migrants and displaced persons

Draft ICSI SAS- 15 on bridging the digital divide in internet and mobile phone access, addressing issues of misinformation and data protection

January 24, 2023 441 Views 0 comment Print

ICSI Social Audit Standard – 15 (ICSI SAS-15) aims to aid the Social Auditors with necessary instructions or guidelines for the effective Social Audit of Social Enterprises engaged in the field of bridging the digital divide in internet and mobile phone access, addressing issues of misinformation and data protection

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