The Institute of Chartered Accountants of India (ICAI) has issued various Engagement and Quality Control Standards over the period of years. These standards contain provisions/references of relevant Acts, Rules, Regulations, Accounting Standards, and other Pronouncements issued by ICAI which were prevailing at the time of issuance of these standards. Further, the Auditing and Assurance Standards Board (AASB) of ICAI has decided that in the present scenario, these standards require some amendments in the light of current prevailing provisions/references of relevant Acts, Rules, Regulations, Accounting Standards, and other Pronouncements issued by ICAI. Accordingly, AASB has made some amendments to these standards and has finalised the Exposure Drafts of these standards.

Consequently, it has also been observed by AASB that some amendments are required in other documents (i.e. Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services, Glossary of Terms and Framework for Assurance Engagements) as well. Accordingly, AASB has made some amendments in the abovementioned documents.

The Exposure Drafts of Amendments to various Engagement and Quality Control Standards and Other Documents have been issued for public comments.

Please click below to view the Exposure Drafts of Amendments to:

• Various Engagement and Quality Control Standards
  
  
• Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services
  
  
• Glossary of Terms
  
  
• Framework for Assurance Engagements