Auditing & Assurance Standards Board
Share this page:
Welcome to the Auditing & Assurance Standards Board
Chairman CA. G Sekar
To review the existing and emerging auditing practices worldwide and identify areas in which Standards on Quality Control, Engagement Standards and Statements on Auditing need to be developed.
To formulate Engagement Standards, Standards on Quality Control and Statements on Auditing so that these may be issued under the authority of the Council of the Institute.
CA. G Sekar , Chairman
CA. Debashis Mitra , Vice-Chairman
CA. Prafulla Premsukh Chhajed, President (Ex-officio)
CA. Atul Kumar Gupta, Vice-President (Ex-officio)
CA. Anil Satyanarayan Bhandari
CA. Nandkishore Chidamber Hegde
CA. Shriniwas Yeshwant Joshi
CA. Durgesh Kumar Kabra
CA. Aniket Sunil Talati
CA. Babu Abraham Kallivayalil
CA. Prasanna Kumar D
CA. M P Vijay Kumar
CA. Manu Agrawal
CA. Anuj Goyal
CA. Pramod Jain
CA. Sanjeev Kumar Singhal
CA. Rajesh Sharma
CA. Charanjot Singh Nanda
CA. Ranjeet Kumar Agarwal
CA. Kemisha Soni
CA. Chandrashekhar Vasant Chitale
Shri Gyaneshwar Kumar Singh
Mrs. Ritika Bhatia (represented by Ms. Mahua Pal)
Shri Chandra Wadhwa
CA. Abhijit Prabhakar Sanzgiri
CA. R S Balaji
CA. Anil Saxena
CA. Sandeep N. Shah
CA. Chirag H. Doshi
CA. Jeenendra Bhandari
CA. Sudhir Kumar Agarwal
CA. Prashant Panda
CA. Shyam Lal Agarwal
CA. V. Balaji
CA. Manoj Daga
CA. Sandeep Sharma
CA. Amit Mitra
Secretary to the Committee, CA. Megha Saxena
Communication Received from RBI regarding a Write Up on typical reasons for divergence observed in asset classification (large accounts) by banks vis-à-vis the supervisory assessment made by RBI during supervisory cycle 2018-19 (F.Y. 2017-18)
Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013.
Implementation Guide to SA 720(Revised), "The Auditor’s Responsibilities Relating to Other Information" issued by Auditing and Assurance Standards Board
"Half day Awareness programme on Standards on Auditing" organised by AASB and hosted by Jaipur branch of CIRC of ICAI on 19th October, 2019 at Jaipur.
Implementation Guide to SA 570(Revised), "Going Concern" issued by Auditing and Assurance Standards Board
Requirement to mention UDIN in all Reports and Certificates issued by Members of the ICAI
Clarification on Auditor’s Certificate on Return of Deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014
Requirement of Mentioning UDIN while Signing Audit Reports
Using Information Available at Information Utility (IU) Platform for External Confirmations
Guidance Note on Audit of Banks 2019 edition: Section C - Bank Branch Audit other than Foreign Exchange Transactions issued by the Auditing and Assurance Standards Board
Guidance Note on Audit of Banks 2019 edition: Section B - Foreign Exchange Transactions and Integrated Treasury issued by the Auditing and Assurance Standards Board
Guidance Note on Reports In Company Prospectuses (Revised 2019) issued by the Auditing and Assurance Standards Board
Guidance Note on Audit of Banks 2019 edition: Section A - Statutory Central Audit issued by the Auditing and Assurance Standards Board
Revised Implementation Guide to SA 230, “Audit Documentation” issued by the Auditing and Assurance Standards Board
Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements issued by the Auditing and Assurance Standards Board
Withdrawal of the Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013
Technical Guide on Audit of Urban Improvement Trusts and Development Authorities issued by the Auditing and Assurance Standards Board
Implementation Guide to SA 610(Revised) issued by the Auditing and Assurance Standards Board
FAQs on SA 570 (Revised), ‘Going Concern’ (Applicable for audits of financial year 2017-18)
Implementation Guide on Reporting Standards (Revised SA 700, Revised SA 705 and Revised SA 706) issued by the Auditing and Assurance Standards Board
Clarification on RBI Circular dated 7th February 2018 regarding Relief for MSME Borrowers registered under Goods and Services Tax (GST)
Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits.
Implementation Guide to SA 701, "Communicating Key Audit Matters in the Independent Auditor’s Report" issued by the Auditing and Assurance Standards Board
Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks
Important Clarification on Amendment to Paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements
Important Announcement on Revised Effective Date of SA 701 and Revised SAs 700, 705, 706
Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board
Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by Auditing and Assurance Standards Board
Clarification on the transitional time gap in the requirements relating to the engagement partner’s rotation under SQC 1 and the auditor’s rotation under the Companies Act, 2013
Implementation Guide on Auditor’s Reports under Indian Accounting Standards for Transition Phase released by the Auditing and Assurance Standards Board
Implementation Guide on Audit of Internal Financial Controls over Financial Reporting with Specific Reference to Smaller, Less Complex Companies released by the Auditing and Assurance Standards Board
Guidance Note on the Companies (Auditor's Report) Order, 2016 issued by Auditing and Assurance Standards Board
Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 released by Auditing and Assurance Standards Board
Announcement regarding Manner of Signing of Certificates by Chartered Accountants
Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by Auditing and Assurance Standards Board. - (14-09-2015)
Auditor’s Report on Consolidated Financial Statements under the Companies Act, 2013
AASB releases Guidance Note on Reporting under Section 143 (3)(f) and (h) of the Companies Act, 2013.
AASB issues Clarification on Auditor's Report in Respect of Financial Statements of a Company for Accounting Years Beginning Before 1st April, 2014.
AASB issues Guidance on Reporting under the Companies (Auditor’s Report) Order, 2015 (CARO, 2015) and Consequential Amendment to the Format of the Auditor’s Report of a Company.
Announcement on CARO, 2003 and Additional Reporting under the Companies Act, 2013.
AASB - Illustrative Audit Engagement Letter under Companies Act, 2013.
AASB - Illustrative Auditor’s Report Formats under Companies Act, 2013.
Announcement on Applicability of the Provisions of Section 143(12) of the Companies Act 2013 and the Related Rules to Periods beginning on or before 31st March 2014.
Announcement on Applicability of Section 143(12) to Financial Years beginning on or after 1st April 2014.
Announcement on Applicability of the Provisions of Section 143(3)(i) of the Companies Act 2013 and the Related Rules.
Auditing & Assurance Standards Board-Announcement - Manner of Auditor's Reporting on RBI's Circular on Deferred Tax Liability on Special Reserve.
Clarification on Applicability of the Companies Act, 2013 to Auditor's Report to FY 2014-15 and Onwards.
Information regarding Audited/Unaudited Components - Manner of Disclosure in Principal Auditor's Report.
Announcement: Important Amendments to Auditor’s Report Format.
Applicability of SA 700, "Forming An Opinion and Reporting On Financial Statements", to Formats of Auditor's Reports Prescribed under Various Laws and/or Regulations
Revised Announcement regarding Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Branch Audit Reports
Announcement regarding Auditor’s Reporting Responsibilities relating to Dismantling of IMTPIP by IRDA
Announcement regarding Statutory Auditor’s Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003 and Section 227(3)(g) of the Companies Act, 1956.
Announcement Regarding Compliance with Paragraphs 61 and 62 of the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity'
Manner Of Reporting by the Auditors On Prudential Regulatory Treatment Prescribed By RBI In Respect Of Pension And Gratuity Liability Of Public Sector Banks
Announcement on – Requirement to mention the firm registration number allotted by ICAI in all reports issued, including certificates, by members of the ICAI
Announcement on Amendment to SA 230- Retention Period for Engagement Documentation (Working Papers)
Announcement on – Requirement to include the registration number of the firm as allotted by ICAI, in the audit reports signed by members of the ICAI
Engagement and Quality Control Standards - Complete Text
Guidance Notes on Auditing Aspects
Other Technical Literature on Auditing
Publication of AASB
Other Useful Information
Browsing of Websites
Contact us Secretary, Auditing and Assurance Standards Board The Institute of Chartered Accountants of India ICAI Bhawan, A-29, Sector-62, NOIDA, Uttar Pradesh – 201 309 Phone: 0120-3045920 Email: firstname.lastname@example.org