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Statutory Audit

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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 1341 Views 0 comment Print

Planning for an effective bank branch Statutory Audit

CA, CS, CMA : Discover essential steps for an effective bank branch statutory audit, from initial preparation to finalization of reports. Explor...

March 16, 2024 3804 Views 1 comment Print

Practical Guide for First-Time Statutory Bank Branch Auditors

CA, CS, CMA : Unlock your auditing potential with our practical guide for first-time statutory branch auditors in the banking sector, covering R...

February 23, 2024 1686 Views 0 comment Print

Unveiling Professional Misconduct: NFRA’s Order on Seya Industries Limited’s Statutory Audit

Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...

January 11, 2024 852 Views 0 comment Print

Fraudulent Auditors Beware: SC Upholds Section 140(5) of Companies Act, 2013

Company Law : Supreme Court's recent decision in Deloitte Haskins and Sells LLP to uphold Section 140(5) of Companies Act 2013 & its impact on a...

September 12, 2023 2637 Views 0 comment Print


Latest News


Expert Panel for Addressing queries related to Statutory Audit

CA, CS, CMA : Get expert support on auditing aspects for statutory audits. ICAIs Auditing and Assurance Standards Board (AASB) forms an expert p...

April 11, 2024 1629 Views 0 comment Print

Expert panel formed to address statutory bank branch audits queries

CA, CS, CMA : Get expert help with bank branch audit queries for 2023-24. AASB, ICAI's online panel resolves challenges faced by auditors. Email...

March 28, 2024 4384 Views 0 comment Print

NFRA Inspection 2022: Analysis of Price Waterhouse LLP Audit Compliance

Company Law : Explore NFRA's audit inspection report on Price Waterhouse Chartered Accountants LLP. Detailed analysis of audit compliance, key o...

December 26, 2023 2337 Views 0 comment Print

SRBC & Co. LLP Audit Inspection Report 2022: NFRA Findings Revealed

Company Law : Explore detailed NFRA Inspection Report 2022 on SRBC & Co. LLP. Key findings include audit documentation, leadership structure, an...

December 26, 2023 1248 Views 0 comment Print

Deloitte Haskins & Sells LLP Audit Quality Inspection 2022 Report

Company Law : Explore NFRA Inspection Report 2022 on Deloitte Haskins & Sells LLP, uncovering critical audit quality assessments, non-compliance...

December 26, 2023 2331 Views 0 comment Print


Latest Judiciary


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 3546 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 18558 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 3720 Views 0 comment Print

NCLAT dismisses pleas of IL&FS auditors Deloitte & KPMG against impleadment

Company Law : Various acts  of IL&FS like over borrowing were prejudicial to the public interest which had cascading impact on various sectors ...

March 4, 2020 3078 Views 0 comment Print

Statutory audit delay is reasonable cause for delayed submission of tax audit Report

Income Tax : Where there is a delay in completion of statutory audit, there exist a reasonable cause for the delay in completion of tax audit a...

March 18, 2019 5988 Views 0 comment Print


Latest Notifications


NFRA Imposes ₹60 Lakh Penalty on CMIL Auditor & Debars Auditor for 2 Years

Company Law : NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL's audit, imposi...

April 26, 2024 15033 Views 1 comment Print

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

Company Law : National Financial Reporting Authority's order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Relianc...

April 26, 2024 35970 Views 2 comments Print

Penalty & Debarment: NFRA rules Against PCN & Associates & CA Gopala Krishna Kandula

Company Law : Explore NFRA's order penalizing PCN & Associates and CA Gopala Krishna Kandula for non-cooperation in statutory audit investigatio...

April 26, 2024 9567 Views 0 comment Print

NFRA Imposes Monetary Penalty & Two-Year Debarment from Auditing for CA

Corporate Law : The NFRA issues an order against CA Ratan Laxminarayan Rathi for professional misconduct in the audit of Bilcare Limited. Discover...

February 22, 2024 969 Views 0 comment Print

RBI Guidelines: Statutory Auditor Appointment for Co-op Banks

Fema / RBI : Explore RBI guidelines effective from April 1, 2024, on Statutory Auditor appointment for State and Central Co-operative Banks. Ke...

January 15, 2024 21126 Views 0 comment Print


Latest Posts in Statutory Audit

Difference Between Due Diligence and Statutory Audit

May 11, 2024 1341 Views 0 comment Print

Discover the distinctions between due diligence and statutory audit. Learn their essence, components, and how they impact decision-making and risk mitigation.

NFRA Imposes ₹60 Lakh Penalty on CMIL Auditor & Debars Auditor for 2 Years

April 26, 2024 15033 Views 1 comment Print

NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL’s audit, imposing penalties and sanctions.

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

April 26, 2024 35970 Views 2 comments Print

National Financial Reporting Authority’s order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Reliance Home Finance Limited.

Penalty & Debarment: NFRA rules Against PCN & Associates & CA Gopala Krishna Kandula

April 26, 2024 9567 Views 0 comment Print

Explore NFRA’s order penalizing PCN & Associates and CA Gopala Krishna Kandula for non-cooperation in statutory audit investigations, leading to professional misconduct under the Companies Act.

Expert Panel for Addressing queries related to Statutory Audit

April 11, 2024 1629 Views 0 comment Print

Get expert support on auditing aspects for statutory audits. ICAIs Auditing and Assurance Standards Board (AASB) forms an expert panel to enhance audit quality. Submit queries now

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

April 11, 2024 3546 Views 0 comment Print

Read the full text of Madras High Court’s judgment on condoning the delay in income tax return filing by Kalvadangam Primary Agricultural Co-operative Credit Society Limited.

Expert panel formed to address statutory bank branch audits queries

March 28, 2024 4384 Views 0 comment Print

Get expert help with bank branch audit queries for 2023-24. AASB, ICAI’s online panel resolves challenges faced by auditors. Email bankauditfaq@icai.in

Planning for an effective bank branch Statutory Audit

March 16, 2024 3804 Views 1 comment Print

Discover essential steps for an effective bank branch statutory audit, from initial preparation to finalization of reports. Explore detailed analysis and key considerations.

Practical Guide for First-Time Statutory Bank Branch Auditors

February 23, 2024 1686 Views 0 comment Print

Unlock your auditing potential with our practical guide for first-time statutory branch auditors in the banking sector, covering RBI regulations, audit guidelines, and key financial checks.

NFRA Imposes Monetary Penalty & Two-Year Debarment from Auditing for CA

February 22, 2024 969 Views 0 comment Print

The NFRA issues an order against CA Ratan Laxminarayan Rathi for professional misconduct in the audit of Bilcare Limited. Discover the lapses, penalties, and sanctions imposed.

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