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SA600 REVISION
India may soon notify new audit standards after prolonged regulatory tussleIndia's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practi...- NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...
- ICAI bats for division of audit onus; signals truce with NFRA after a yearThe Institute of Chartered Accountants of India is set to propose a clear division of responsibility between principal auditors of corporat...
- ICAI looks to set a brand new standardThe Institute of Chartered Accountants of India plans to submit its own revised auditing standard to the government. This move could reigni...
- New audit regime in sync with Viksit Bharat vision: NFRA chiefThe National Financial Reporting Authority (NFRA) proposes aligning Indian audit standards with global norms by April 2026. The chairman em...
- NFRA board proposes new audit regime in India from April 2026The National Financial Reporting Authority (NFRA) proposes a new accounting regime for India, aligning auditing standards with global norms...
- NFRA may take up revision of 35 audit standards next weekThe National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) are headed for another clash. ...
- Big Four affiliates catch the poll fever again, line up for ICAI postsAfter a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and rec...
- ICAI issues standard on quality management for CA firmsThe ICAI has issued two new quality management standards (SQM 1 and 2) for audit firms, focusing on quality management systems and engageme...
- NFRA's plan to revise auditing std SA 600 'surprising'; need more time for consultations: ICAIICAI has requested NFRA to pause proposed changes to auditing standard SA 600 for group audits, citing concerns over the impact on small an...
- Reliance Capital, DHFL, IL&FS failure highlights not wanted: Audit watchdog seeks changes in normsThe National Financial Reporting Authority (NFRA) has proposed aligning a key accounting standard with global norms to protect investor int...
- European shares slide ahead of US payrolls reportEuropean shares slipped for a fifth straight session on Friday as caution prevailed ahead of the crucial U.S. jobs data, the last such labo...
- ICAI council to weigh proposed revamp of audit in sync with global standardsThe National Financial Reporting Authority (NFRA) has firmed up draft norms to overhaul the extant Standard on Auditing (SA) 600. The revis...
- India sets out to close a critical accounting standard gap to align itself with global peersThe NFRA, backed by RBI and Sebi, is urging the Institute of Chartered Accountants of India to update SA 600 in line with revised internati...
- India slashes windfall tax on crude to Rs 4,600 per tonneIndia reduced the windfall tax on domestically produced petroleum crude to Rs 4,600 per tonne from Rs 7,000 per tonne due to a drop in crud...
- Latest savings account charges: ICICI Bank, Axis Bank, Yes Bank revise savings account service feesLatest savings account charges: Big banks like Yes Bank, ICICI Bank and Axis Bank have revised their savings account charges. Some service ...
- Govt hikes windfall tax on crude petroleum to Rs 6,800 per tonneThe government has increased the windfall tax on domestically produced crude oil to Rs 6,800 per tonne from Rs 4,900 per tonne, effective f...
- Centre hikes windfall tax on petroleum crudeGovernment raised windfall tax on petroleum crude to 4,900 rupees/tonne from 4,600 on March 16 through SAED. Diesel tax increased to Rs 1.5...
- India hikes windfall tax on crude petroleum to Rs 7,100 per tonneThe Indian government has increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with effect from Augu...
- Cairn India plans $2 billion capex over two yearsCairn India plans to invest USD 2 billion over the next two years in oil and gas exploration and production both in the country as well as ...
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