The Institute of Chartered Accountants of India (ICAI) has called for a halt in the ongoing revision of auditing standards by the National Financial Reporting Authority (NFRA). ICAI’s request follows ...

The Financial Supervisory Service (FSS) and the accounting industry have decided to revise the audit standards and quality control standards to promote digital audit technology. They aim to lower the ...

There have also been many discussions between service providers and the IIA about the role of external service providers and the challenges they face in conforming to the auditing standards. One issue ...

An overall climate of scrutiny may feel stifling for auditors but if that leads to better audit quality, then it may be worth it. Photo: iStock New Delhi: The board of the National Financial Reporting ...

The National Financial Reporting Authority on Tuesday issued the revised Standards on Auditing 600 (SA 600) for public consultation that would address deficiencies in group audit of firms that were ...

The Government Accountability Office has issued extensive new guidance for auditors and audit organizations in implementing revised continuing professional education requirements for those conducting ...

The National Financial Reporting Authority (NFRA) has kicked off an epic overhaul of the way auditors verify the truthfulness of corporate financial information, in a change of regime from the current ...

The CA Institute on Friday called upon the National Financial Reporting Authority (NFRA) to “pause” the revision process of a key auditing standard (SA600 -Using the Work of Another Auditor) that ...