CA, CS, CMA : Explore the overview, process, and benefits of ICAIs Peer Review for assurance services. Learn the requirements, compliance, and i...
CA, CS, CMA : The implementation of Phase IV of the peer review mandate has been postponed by one year. Firms now have time until 31 December 20...
CA, CS, CMA : ICAI extends Phase III and IV of Peer Review Mandate by 6 to 9 months, with new dates for mandatory peer reviews of specific pract...
CA, CS, CMA : Detailed clarifications on ICAI's Peer Review Mandate, phases of implementation, applicability, and key definitions for audit prac...
CA, CS, CMA : Stay informed about the extended applicability of Peer Review Mandate for Practice Units by ICAI. Learn about the revised criteria...
CA, CS, CMA : Institute of Chartered Accountants of India has announced the further deferment of the second phase of the Peer Review Mandate. Le...
The implementation of Phase IV of the peer review mandate has been postponed by one year. Firms now have time until 31 December 2026 to meet the certification requirement.
ICAI extends Phase III and IV of Peer Review Mandate by 6 to 9 months, with new dates for mandatory peer reviews of specific practice units.
Detailed clarifications on ICAI’s Peer Review Mandate, phases of implementation, applicability, and key definitions for audit practices in India.
Stay informed about the extended applicability of Peer Review Mandate for Practice Units by ICAI. Learn about the revised criteria and deadlines here.
Explore the overview, process, and benefits of ICAIs Peer Review for assurance services. Learn the requirements, compliance, and impact on professional growth.
Institute of Chartered Accountants of India has announced the further deferment of the second phase of the Peer Review Mandate. Learn more about the new applicability date and prerequisites for Practice Units.
ICAI defer the applicability of the second phase of Peer Review mandate by three months to be made effective from July 1, 2023
The Practice Units may note that the Peer Review Certificates issued by the Peer Review Board to Practicing Units (PUs) in the past till April 16, 2015 mentioned the date of issuance of certificate, however, the date till which the certificate is valid is not mentioned on the Certificate.
(a) statutory audit of unlisted public companies having paid-up capital of not less than rupees five hundred crores or having annual turnover of not less than rupees one thousand crores or having, in aggregate, outstanding loans, debentures and deposits of not less than rupees five hundred crores as on the 31st March of immediately preceding financial year or (b) attestation services and having 5 or more partners
It was clarified that holding a valid Peer Review certificate by Practice Units (referred to as ‘firms’ in the Announcement dated 12.02.2022) should be a pre requisite for undertaking audit of all entities falling under phase I; II; III and IV of the mandate from respective dates of mandate becoming operative.
