Chartered Accountant’s Documentation and Compliance under Companies Act, 2013 is a book
covering the documentation and compliances relevant for the chartered accountants while performing their duties. Companies Act, 2013 have enacted several compliances, penalties and prosecution for auditors. It has also made the application standards of auditing mandatory while performing audits. Class Suit Action has been brought on auditors for false / misleading statements in audit report resulting in loss to various stakeholders. This book provides detailed checklist for auditors to adopt while performing their duties.
Statement of Peer Review has also changed and allowed reference by Peer Review Board to Disciplinary Directorate of ICAI for initiating disciplinary action for material deficiencies noted during Peer Reviews initiated or ordered after April 1, 2014. The questionnaire for peer review is now totally based on SQC -1 w.e.f. 15th January 2015.
In consequence of these changes this book has been revised encompassing latest changes in the role of reviewers of auditors’ work, auditors role and liability under Companies Act 2013, documentation to be obtained and maintained by a Practicing Chartered Accountant to comply with the technical, ethical and professional standards applicable to them.
This book has been revised taking into account the role of auditors under the provisions of Companies Act 2013, Peer Review Board, Quality Review Board, FRRB, NFRA and ICAI.
Unique Points
Engagement documents to comply with Standards on Auditing
Auditor’s Duties and Penalties under Companies Act 2013
Detailed section on various Reviewers of CA audit work
Peer Review Process
Quality Review Process
Detailed section on Financial Statements for Companies
Around 94 drafts of ready to use documents for day-to-day professional use.
Drafts of various documents to be maintained for audits
Drafts of various documents related to Staff supervision and development
Drafts of various documents related to office systems
Ready to use drafts and check-lists including for compliance and audit of financial statements prepared for Companies as per Companies Act 2013
Summary of Accounting Standards (AS)
Summary of Convergence of Accounting Standards to IFRS
Summary of revised Standards on Auditing (SAs)
Summary of Standards on Review Engagements (SREs)
Summary of Standards on Assurance Engagements (SAEs)
Summary of Standards on Related Services (SRSs)
Detail of Standards on Internal Auditing (SIAs)
Detail of Accounting Standards for Local Bodies (ASLBs)
Detail of various Guidance Notes, Framework, Statements and Notifications issued by ICAI.
Detail of recommendatory fee structure for various professional activities rendered by a practicing CA firm
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