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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 2292 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 2718 Views 1 comment 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 1182 Views 0 comment Print

SAS 300 Promoting Education, Employability and Livelihoods

CA, CS, CMA : Discover the impact of SAS 300 in promoting education, employability, and livelihoods. Uncover the processes and evaluation method...

June 20, 2023 1260 Views 0 comment Print

SA 701 & SA 570: Auditor special considerations with respect to covid-19 pandemic

CA, CS, CMA : SA 701 & SA 570: Auditor special considerations with respect to covid-19 pandemic In light of the corona virus pandemic variou...

June 13, 2021 2631 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 4752 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 564 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 387 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 381 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 639 Views 0 comment Print


Latest Posts in Auditing Standards

Demystifying ISA 580: Management Representation Letters in Auditing

September 13, 2023 2292 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 2718 Views 1 comment 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 1182 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 9831 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 1260 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 4752 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 564 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 387 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

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

January 24, 2023 381 Views 0 comment Print

ICSI Social Audit Standard – 14 (ICSI SAS-14) aims to aid the Social Auditors with necessary instructions or guidelines for the effective Social Audit of Social Enterprises engaged in the field of facilitating access to land and property assets for disadvantaged communities

Draft ICSI SAS- 13 on promotion of financial inclusion

January 24, 2023 639 Views 0 comment Print

ICSI Social Audit Standard – 13 (ICSI SAS-13) aims to aid the Social Auditors with necessary instructions or guidelines for the effective Social Audit of Social Enterprises engaged in the field of promotion of financial inclusion