Guidance
Note on Audit of Banks (2014 Edition) is now available as E- Book.
For
details, please visit:
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Showing posts with label Guidance Note. Show all posts
Showing posts with label Guidance Note. Show all posts
ICAI - 2014 Guidance Note on Audit of Banks released by Auditing and Assurance Standards Board
The Auditing and Assurance Standards
Board of the Institute of Chartered Accountants of India has today issued
Guidance Note on Audit of Banks 2014 edition. For the benefit of members,
complete text of the Guidance Note along with the accompanying appendices etc.
can be downloaded at:
Please note that the soft copy of
the accompanying CD as uploaded on the website contains only list and link of
Master and other relevant Circulars of RBI. However, the CD that will come with
the book will contain complete text of Master Circulars as well as General
Circulars.
To download ZIP file of Guidance
Note on Audit of Banks 2014 edition and contents of accompanying CD, please
click on the below link:
Extension of the Date for sending Suggestions on 2014 Guidance Note on Audit of Banks
Extension
of the Date for sending Suggestions on 2014 Guidance Note on Audit of Banks
Please
note that the last date for sending suggestions on the 2014 Guidance Note on
Audit of Banks has been extended from 15th September 2013 to 07th October 2013.
The suggestions can be sent at aasbsecretariat@icai.in
Announcement regarding Request for Suggestions on Revision of the Guidance Note on Audit of Banks
1. The
Guidance Note on Audit of Banks, brought out by the Auditing & Assurance
Standards Board (AASB) of the ICAI is an important publication providing comprehensive
guidance to the members carrying out audits of banks and bank branches.
Improving the quality of audit of banks is one of the prime objectives of the
Guidance Note. The last edition of the Guidance Note was brought out in March
2013. The complete text of the 2013 Guidance Note can be accessed at the link: http://220.227.161.86/29410aasb19021.pdf.
2. The
Board has constituted a group of experts to thoroughly revise the said
publication and bring out its 2014 edition. As a part of its initiatives to
involve a cross section of stakeholders/ users of the work of the auditors, the
Board takes this opportunity to request all the interested readers, including
readers other than ICAI’s members, to kindly send their suggestions on issues
that the Board may consider in improving further coverage, the audit guidance,
or any other aspect of the Guidance Note.
3. Interested
readers can send their suggestions to aasbsecretariat@icai.in. The last date for sending the
suggestions is 15th September 2013.
4. Readers are also requested to mention their complete contact details in the
suggestions sent by them. Kindly do not mention the name of the concerned bank
and/ or the members of ICAI/ audit firm in raising any issues/ citing any
instances of bank audits that you would like to send as a part of your
suggestions. The Board will deal with the suggestions so received as it deems
fit. It would not, however, be possible for the Board to respond to any further
communications from the senders as to the status of their respective
suggestions.
Guidance Note on Report under Section 115JC of the Income-tax Act, 1961
Guidance Note on
Report
Under Section
115JC of the Income-tax Act, 1961
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[No. of Pages: 37], [File Size: 315KB], [File Type: PDF]
Revised- Guidance Note on Report u/s 92E of the Income Tax Act, 1961
Revised - Guidance Note on Report
u/s 92E of the Income Tax Act, 1961 (Transfer Pricing)
ICAI
has released the 4th Edition of the Guidance Note on Report under Section 92E of the Income Tax Act, 1961
(Transfer Pricing). This Guidance Note was previously revised in February,
2013. However no form was prescribed for reporting specified domestic
transactions u/s 92BA.
Now,
rules relating to Transfer Pricing Provisions & reporting Form no. 3CEB has
been amended by Income Tax (Sixth Amendment) Rules, 2013. Part-C to Form no.
3CEB has also been inserted by this rule. Further, from Financial Year 2013-14,
Form no. 3CEB is required to be filed through e-filing before the due date.
In
view of above substantial reporting amendments, this Guidance Note is again
revised (Amendments made till 26/07/2013 have been considered) to incorporate
this changes & to provide guidance to members for their reporting
responsibility.
I
am sure that this revised edition of the Guidance Note will be immensely useful
to the members in discharging their responsibilities.
For
your benefit, the complete text of the Guidance Note along with its Appendices
is available on ICAI website at URL: http://220.227.161.86/29526citax19183a.pdf.
Complete
text of the Guidance Note and its annexures can be downloaded free of cost from
this URL.
Guidance Note on Tax Audit - Revised 2013 Edition.
GUIDANCE NOTE ON
TAX AUDIT
UNDER SECTION
44AB OF THE INCOME-TAX ACT, 1961
(Revised 2013
Edition)
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[No. of Pages: 287] , [File Size: 1.64 MB] , [File Type: PDF]
Guidance Note on Audit of Banks 2013 Edition
Guidance Note on
Audit of Banks 2013 Edition
Contents
Part
I – Knowledge of the Banking Industry
Chapter 1:
Banking in India
..............................................................................1-18
Chapter 2: Legal
Framework
...........................................................................19-33
Chapter 3:
Accounting and Auditing Framework
...........................................34-51
Chapter 4:
Accounting Systems.......................................................................52-94
Part
II – Risk Assessment and Internal Control
Chapter 1:
Initial
Considerations.......................................................................1-26
Chapter 2: Risk
Assessment and Internal Control ..........................................27-69
Chapter 3:
Special Considerations in a CIS Environment..............................70-114
Part
III – Items of Bank’s Financial Statements and Auditing Aspects
Chapter 1:
Advances ......................................................................................1-174
Chapter 2:
Investments...............................................................................175-247
Chapter 3: Cash,
Balances with RBI and Other Banks, and Money
at Call and
Short Notice..............................................................................248-259
Chapter 4: Fixed
and Other Assets ............................................................260-272
Chapter 5:
Borrowings and Deposits .........................................................273-298
Chapter 6:
Capital, Reserves and Surplus ..................................................299-318
Chapter 7: Other
Liabilities and Provisions................................................319-322
Chapter 8:
Contingent Liabilities and Bills for Collection.........................323-338
Chapter 9:
Treasury Operations - Foreign Exchange and Derivative
Transactions
...............................................................................................339-385
Chapter 10:
Profit and Loss Account ........................................................386-403
Chapter 11:
Disclosure Requirement in Financial Statements...................404-426
Chapter 12:
Consolidation of Branch Accounts ........................................427-436
Chapter 13:
Inter-Office
Transactions........................................................437-444
Part
IV – Long Form Audit Reports
Chapter 1: Long
Form Audit Report in Case of Bank Branches ...................1-52
Chapter 2: Long
Form Audit Report in Case of Banks................................53-82
Part
V – Special Aspects
Chapter 1: Basel
II
.......................................................................................
...1-63
Chapter 2:
Special Purpose Reports and Certificates
....................................64-71
Chapter 3:
Compliance Report on Frauds and Other Aspects in Banks.......72-100
Chapter 4:
Compliance with SLR Requirements
........................................101-110
Chapter 5: Other
Aspects ...........................................................................111-132
Appendices
.....................................................................................................1-29
Guidance Note on Accounting for Oil and Gas Producing Activities (Revised 2013)
GN(A) 15 (Revised 2013)
Guidance Note on Accounting for Oil and Gas Producing Activities
Guidance Note on Accounting for Oil and Gas Producing Activities
