Auditing & Assurance Standards Board
Chairperson, Auditing & Assurance Standards Board
CA. Sripriya Kumar
Phone: +91 9841026973
Mobile: +91 9841026973
E-mail: 
Objectives/Functions/Terms of Reference
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To review the existing and emerging auditing practices worldwide and identify areas in which Standards on Quality Control and Engagement Standards need to be developed. |
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Members
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Knowledge Sharing
- Guidance Note on Audit of Banks (2025 Edition)
- Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 3) Released by Auditing and Assurance Standards Board
- Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 2) Released by Auditing and Assurance Standards Board
- Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 1)
- Guidance Note on Audit of Banks (2024 Edition)
- Implementation Guide on Reporting on Audit Trail under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (Revised 2024 Edition)
- Issuance of SA 800 (Revised), SA 805 (Revised), SA 810 (Revised)
- Technical Guide on Audit of Non-Banking Financial Companies (Revised 2023 Edition)
- Amendment to the "Clarification Regarding Authority Attached to Documents Issued by the Institute" and Consequential Amendment to the "Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services"
- Announcements/Advisories/Clarifications/FAQs
- Audit Working Paper Templates
- Checklist on Standards on Auditing
- Technical Guide on Disclosure and Reporting of Key Performance Indicators (KPIs) in Offer Documents
- Guidance Note on Audit of Banks (2023 Edition)
- Implementation Guide on Reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014
- Implementation Guide to SA 580, Written Representations
- Implementation Guide to SA 230, Audit Documentation (Revised 2022 Edition)
- Technical Guide on Digital Assurance
- Guidance Note on Audit of Banks (2022 Edition)
- Guidance Note on the Companies (Auditor’s Report) Order, 2020 (Revised 2022 Edition)
- Implementation Guide on Reporting under Rule 11(e) and Rule 11(f) of the Companies (Audit and Auditors) Rules, 2014 issued by the Auditing and Assurance Standards Board
- Implementation Guide to Standard on Auditing (SA) 210, "Agreeing the Terms of Audit Engagements"
- Implementation Guide to Standard on Auditing (SA) 560, "Subsequent Events"
- Guidance Note on Audit of Banks 2021 edition
- Technical Guide on Revised Formats of Long Form Audit Report issued by the Auditing and Assurance Standards Board
- Technical Guide on Audit of Internal Financial Controls in Case of Public Sector Banks issued by the Auditing and Assurance Standards Board
- Review Engagements on Interim Financial Information in the Current Evolving Environment Due to COVID-19
- Multiple Choice Questions (MCQs) on Guidance Note on the Companies (Auditor’s Report) Order, 2020 issued by Auditing and Assurance Standards Board
- Guidance Note on the Companies (Auditor's Report) Order, 2020 issued by Auditing and Assurance Standards Board
- Multiple Choice Questions (MCQs) on Engagement and Quality Control Standards issued by Auditing and Assurance Standards Board
- Compendium of Auditing Guidance Issued by Auditing and Assurance Standards Board on Various Aspects amid COVID-19.
- Subsequent Events - Key Audit Considerations amid COVID-19
- Auditor’s Reporting - Key Audit Considerations amid COVID-19
- Physical Inventory Verification– Key Audit Considerations amid COVID-19
- Going Concern - Key Considerations for Auditors amid COVID-19
- Covid-19 Disruptions - ICAI Advisory on Accounting and Assurance related issues for F.Y - 2019-20
- Corrigendum to Guidance note on Audit of Banks 2020 Edition issued by the Auditing and Assurance Standards Board
- Guidance Note on Audit of Banks 2020 edition
- Implementation Guide to SA 720(Revised), "The Auditor’s Responsibilities Relating to Other Information" issued by Auditing and Assurance Standards Board
- Implementation Guide to SA 570(Revised), "Going Concern" issued by Auditing and Assurance Standards Board
- Guidance Note on Reports In Company Prospectuses (Revised 2019) 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
- 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
- Implementation Guide on Reporting Standards (Revised SA 700, Revised SA 705 and Revised SA 706) issued by the Auditing and Assurance Standards Board
- Implementation Guide to SA 701, "Communicating Key Audit Matters in the Independent Auditor’s Report" issued by the Auditing and Assurance Standards Board
- 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
- 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
- Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by Auditing and Assurance Standards Board. - (14-09-2015)
- AASB Meetings
- Engagement and Quality Control Standards - Complete Text
- Guidance Notes on Auditing Aspects
- Other Technical Literature on Auditing
- Exposure Drafts
- Publication of AASB
- Other Useful Information
- Browsing of Websites
- Archives
What's New
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- Auditing and Assurance Standards Board-Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects.
- Webinar on “Overall objective of the Auditor : A Deep Dive into SAs” on July 15, 2025 from 03:00 PM to 05:00 PM.
- Activity Report for Council Term 2022-25
- Guidance Note on Audit of Banks (2025 Edition)
- Auditing and Assurance Standards Board-Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects.
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Secretary to the Committee, CA. Megha Saxena
Contact us
Secretary, Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
ICAI Bhawan, Post Box No. 7100
Indraprastha Marg,
New Delhi-110002
India
Tel. +91 (11) 3011 0544
Email: aasb[at]icai[dot]in
