CA, CS, CMA : With data breaches on the rise and India’s data protection law in force, CAs can leverage their audit expertise in cybersecurity...
CA, CS, CMA : The ICAI must uphold the CA course’s depth and integrity by retaining rigor, enhancing IT skills, and focusing on quality over q...
CA, CS, CMA : Generative AI fuels sophisticated frauds in India, including deepfake impersonation and smart phishing. Organizations must adopt l...
Goods and Services Tax : Notification 18/2025 speeds up GST registration with Rule 9A's 3-day electronic approval for low-risk applicants. It also introduc...
CA, CS, CMA : Indian statutory auditors must embrace IT proficiency and CAATs to manage ERP data and system controls. Non-IT friendly audits ris...
CA, CS, CMA : ICAI and the Indian Army signed an MoU to integrate real-time UDIN verification via API, enhancing transparency, document authenti...
CA, CS, CMA : Odisha Grameen Bank seeks CA Firms for Concurrent Audit (Rs. 7,500/month/branch) starting Jan 2026. Eligibility requires RBI regis...
Income Tax : ICAI proposes tax reforms for Union Budget 2026-27 to enhance ease of doing business and sustainability. Suggestions cover reducin...
CA, CS, CMA : KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inco...
CA, CS, CMA : ICAI announced results of CA Final, Intermediate, and Foundation exams held in September 2025, detailing pass percentages, toppers...
CA, CS, CMA : The Court found no grounds to interfere with the Madras High Court’s decision dated 08.08.2024 and dismissed all pending applica...
Income Tax : The ITAT Rajkot confirmed the addition of Rs.3.99 crore to the income of Kataria Snack Pellets Pvt. Ltd. under Section 56(2)(viib)...
Corporate Law : The Delhi High Court dismisses a petition by a Chartered Accountant against an NFRA show cause notice, citing a recent Supreme Cou...
Custom Duty : Delhi High Court upholds that an Adjudicating Authority cannot reject a refund of excess customs duty if a Chartered Accountant's ...
Income Tax : ITAT Bangalore held that delay of 38 days caused due to mistaken belief of Chartered Accountant (CA) is a sufficient cause and hen...
CA, CS, CMA : ICAI has notified new branches at Bhiwadi and Morbi and renamed the Ahmednagar Branch as Ahilyanagar Branch, effective from Octobe...
CA, CS, CMA : The Institute of Chartered Accountants of India has officially established a new branch of its Western India Regional Council in G...
CA, CS, CMA : ICAI Disciplinary Committee reprimands CA. Jayaraman Dindigul Viswanathan for professional misconduct in issuing an unverified cer...
CA, CS, CMA : ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidel...
CA, CS, CMA : ICAI has established three new branches of its Central India Regional Council in Rajasthan, covering Nagaur, Churu, and Jhunjhun...
SIA 310 guides internal auditors on engagement-level reporting, ensuring compliance with Standards on Internal Audit while communicating findings, recommendations, and management responses.
SIA 290 establishes protocols for continuous communication between the Internal Auditor and Management/TCWG. It mandates written processes for agreeing on scope, providing updates, and resolving conflicts.
SIA 280 guides internal auditors on assessing fraud risks, detecting irregularities, and reporting findings while ensuring compliance, professional skepticism, and ethical standards.
SIA 270 guides internal auditors on engaging experts or third parties, ensuring independence, competence, and reliable evaluation while retaining responsibility for audit conclusions.
SIA 260 defines the Internal Auditor’s responsibility for supervising and reviewing audit assignments. It ensures work conforms to standards, and that evidence and conclusions are properly supported.
This standard guides internal auditors on proper documentation of audit procedures, evidence, and conclusions, ensuring compliance, traceability, and retention for at least seven years.
This standard guides internal auditors on selecting, validating, and documenting tools like AI, analytics, and CAATs while ensuring data security and professional judgment in audits.
SIA 230 establishes standards for audit evidence, requiring auditors to collect sufficient, reliable data using methods like observation, inquiry, and analytics to support audit conclusions and assess control effectiveness.
The case underlines that identifying all auditable units through an audit universe ensures comprehensive coverage, prevents oversight, and guides resource allocation for efficient internal audits.
SIA 210 mandates internal auditors acquire detailed knowledge of the entity’s environment, operations, and risks. This knowledge is crucial for effective audit planning, procedure design, and risk identification.
