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...
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.
It may be reiterated that phase I for which mandate is applicable from April 1, 2022 covers firms which have undertaken Statutory Audit of enterprises whose equity or debt securities are listed in India or abroad as defined under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Realising the extent of wide range of the Practice units, some of which have multiple branches located in different parts of the country while others may be operating only at sole proprietor level, the roadmap has classified Practice Units into four categories and prescribed the implementation of peer review process over a four year time period.
