Dear ICAI Member,
Digital Accounting and Assurance Board (DAAB) of The Institute of Chartered Accountants of India (ICAI) is building digital competencies to ensure Chartered Accountants meet challenges and leverage opportunities of digital era.
A step further in this direction, we are happy to inform you that ICAI has released the revised Forensic Accounting and Investigation Standards (FAIS) on 1st July 2023. You can access copy of the Compendium at https://resource.cdn.icai.org/75009daab030723.pdf. These standards have now become mandatory for all the engagements conducted on or after 01st July 2023.
To assist users in understanding and implementing these standards effectively, ICAI has also published an "Implementation Guide on Forensic Accounting and Investigation Standards" available at the link https://resource.cdn.icai.org/75113daab120723.pdf . This guide serves as a valuable resource for members seeking guidance in this field.
For information of the Members and compliance.
Digital Accounting and Assurance Board
The Institute of Chartered Accountants of India
ICAI Bhawan, Hostel Block, 7th Floor.
A-29, Sector-62, Noida - 201309, India