Format of Audit Engagement Letter for Audit of Financial Statements under the Companies Act 2013, When Reporting u/s 143(3)(i) is Applicable
Example of an Audit Engagement Letter (to be added to Appendix 1 to SA 2101)
ICAI
How to become a Fellow Member of ICAI on the basis of service?
Regulation 5 (3) of the Chartered Accountants Regulations, 1988 provides for eligibility to become a fellow member of the Institute on the basis of service in specified industries and organizations An associate member is eligible for admission as a Fellow Member if he/she satisfies the eligibility conditions laid down under Regulation 5(3) of the Chartered … Read more
How to become a chartered accountant?
Requirements to become a Chartered Accountant: 1. Through CPT route: (i) Enroll with the Institute for Common Proficiency Course (CPC) after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. (ii) Appear in CPT examination after appearing in … Read more
Disciplinary Committee of ICAI found the concerned Statutory Auditors including audit in charge, CFO of the Company and Head of Internal Audit Department guilty of professional misconduct in Satyam scam
As a part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of ICAI is working assiduously. Disciplinary Directorate of ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 and Rules framed … Read more