Sponsored
    Follow Us:

Statutory Audit

Latest Articles


Appointment of Auditors Under Companies Act, 2023

Company Law : Learn the rules for auditor appointments under the Companies Act, 2023, including first auditor, subsequent appointments, casual v...

April 2, 2025 1026 Views 0 comment Print

NFRA Flags Audit Lapses in Big Firms: Key Findings & Concerns

CA, CS, CMA : NFRA's latest inspection report highlights audit lapses in top firms, raising concerns over auditor independence, ICFR verificatio...

April 1, 2025 951 Views 0 comment Print

Auditors and Their Appointment Under Companies Act, 2013

Company Law : Understand the appointment process, tenure, and reporting obligations for auditors under the Companies Act, 2013. Key rules, forms...

January 26, 2025 2301 Views 0 comment Print

एनएफआरए ने आडिट क्वालिटी पर फिर उठाए सवाल, खामियां उजागर

CA, CS, CMA : एनएफआरए ने बीएसआर एंड कंपनी और लोधा एंड कंपनी के आ...

December 22, 2024 1281 Views 0 comment Print

Difference Between Due Diligence and Statutory Audit

CA, CS, CMA : Discover the distinctions between due diligence and statutory audit. Learn their essence, components, and how they impact decision...

May 11, 2024 1857 Views 0 comment Print


Latest News


Expert panel formed to address statutory bank branch audits queries

CA, CS, CMA : ICAI's AASB launches online expert panel for bank branch audit queries. Get guidance on RBI guidelines from April 1-15, 2025....

April 1, 2025 4798 Views 0 comment Print

Deloitte Inspection: NFRA Notes Progress, Flags Lingering Issues

Company Law : NFRA's 2023 inspection of Deloitte Haskins & Sells LLP finds improvements but notes ongoing issues in key audit areas....

March 30, 2025 2181 Views 0 comment Print

NFRA Series on Auditor-Audit Committee Interaction: Related Party Audits

Company Law : NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, a...

March 30, 2025 522 Views 0 comment Print

Audit Strategy & Planning – SA 300: NFRA’s Guidance for Auditors

Company Law : NFRA outlines audit strategy and planning requirements, emphasizing auditor communication with audit committees and compliance wit...

March 30, 2025 831 Views 0 comment Print

NFRA Finds Unresolved Issues in Walker Chandiok’s 2023 Audit Inspection

Company Law : NFRA's 2023 inspection of Walker Chandiok & Co. LLP reveals ongoing issues in independence and audit procedures....

March 30, 2025 684 Views 0 comment Print


Latest Judiciary


SC permits NFRA to continue audit regulatory proceedings against CAs

CA, CS, CMA : Supreme Court permits NFRA to continue audit regulatory proceedings against CAs where no final orders exist, but stays execution o...

April 17, 2025 396 Views 0 comment Print

CA Barred for Five Years by NCLT for Failing Duties as Statutory Auditor

CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...

July 16, 2024 3693 Views 0 comment Print

Madras HC condones Delay in Income Tax Return filing by co-op credit society

Income Tax : Read the full text of Madras High Court's judgment on condoning the delay in income tax return filing by Kalvadangam Primary Agric...

April 11, 2024 3945 Views 0 comment Print

Auditors cannot escape being probed if they resign; Section 140(5) of Companies Act constitutional: SC

Company Law : Challenge to constitutional validity of section 140(5) of Companies Act, 2013 fails and it is observed and held that section 140(5...

May 4, 2023 18756 Views 0 comment Print

RD approves Removal of Statutory Auditor of Company

Company Law : The company has stated in its application that the auditor was not able to conduct the audit in timely manner also the auditor was...

May 10, 2022 3936 Views 0 comment Print


Latest Notifications


NFRA Penalizes Statutory Auditor of Religare Finvest for Misconduct

Company Law : NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd's...

January 30, 2025 18672 Views 0 comment Print

NFRA Penalizes Deloitte LLP and Partners for Audit Misconduct

Company Law : The National Financial Reporting Authority imposes penalties on Deloitte and auditors for misconduct in the ZEEL audit, resulting ...

December 23, 2024 10839 Views 0 comment Print

Disclaimer of Opinion not exempts auditors from statutory obligations: NFRA

Company Law : CA Chirag Doshi faces a ₹5 lakh penalty for professional misconduct in the statutory audit of Ushdev International Limited for F...

October 21, 2024 6864 Views 0 comment Print

NFRA Penalizes Venkatesh & Co. for Audit Misconduct in CDEL Case

Income Tax : NFRA imposes penalties on Venkatesh & Co. and debarment of partners for negligence during the audit of Coffee Day Enterprises Ltd,...

October 10, 2024 5463 Views 0 comment Print

Responsibilities of Principal Auditor and Other Auditors in Group Audits

Company Law : NFRA reiterates that auditors shall understand their responsibility under CA 2013 and SA 600 with their concomitant responsibiliti...

October 3, 2024 2403 Views 0 comment Print


Latest Posts in Statutory Audit

SC permits NFRA to continue audit regulatory proceedings against CAs

April 17, 2025 396 Views 0 comment Print

Supreme Court permits NFRA to continue audit regulatory proceedings against CAs where no final orders exist, but stays execution of existing final orders.

Appointment of Auditors Under Companies Act, 2023

April 2, 2025 1026 Views 0 comment Print

Learn the rules for auditor appointments under the Companies Act, 2023, including first auditor, subsequent appointments, casual vacancies, and auditor rotation.

Expert panel formed to address statutory bank branch audits queries

April 1, 2025 4798 Views 0 comment Print

ICAI’s AASB launches online expert panel for bank branch audit queries. Get guidance on RBI guidelines from April 1-15, 2025.

NFRA Flags Audit Lapses in Big Firms: Key Findings & Concerns

April 1, 2025 951 Views 0 comment Print

NFRA’s latest inspection report highlights audit lapses in top firms, raising concerns over auditor independence, ICFR verification, related party transactions & more.

Deloitte Inspection: NFRA Notes Progress, Flags Lingering Issues

March 30, 2025 2181 Views 0 comment Print

NFRA’s 2023 inspection of Deloitte Haskins & Sells LLP finds improvements but notes ongoing issues in key audit areas.

NFRA Series on Auditor-Audit Committee Interaction: Related Party Audits

March 30, 2025 522 Views 0 comment Print

NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, and the Companies Act 2013.

Audit Strategy & Planning – SA 300: NFRA’s Guidance for Auditors

March 30, 2025 831 Views 0 comment Print

NFRA outlines audit strategy and planning requirements, emphasizing auditor communication with audit committees and compliance with auditing standards.

NFRA Finds Unresolved Issues in Walker Chandiok’s 2023 Audit Inspection

March 30, 2025 684 Views 0 comment Print

NFRA’s 2023 inspection of Walker Chandiok & Co. LLP reveals ongoing issues in independence and audit procedures.

NFRA Finds Continued Independence Issues at SRBC & Co. LLP in 2023 Inspection

March 30, 2025 315 Views 0 comment Print

NFRA’s 2023 inspection of SRBC & Co. LLP highlights audit quality issues, independence concerns, and compliance with auditing standards and ethical requirements.

NFRA Flags Audit Deficiencies at PwC Firms

February 14, 2025 6432 Views 0 comment Print

NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, raising concerns about audit quality.

Sponsored
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930