AASB - Orientation Programme for Faculty on Auditors' Reporting Responsibilities Under The Companies Act 2013.
December, 02nd 2014
ORIENTATION PROGRAMME FOR THE FACULTYONAUDITORS’ REPORTING RESPONSIBILITIES UNDER THE COMPANIES ACT, 2013 Includes: Internal Financial Control over Financial Reporting
Reporting on Fraud and
Auditors Report under SA 700 and the Companies Act 2013)
The Companies Act, 2013 and the Rules thereunder have cast onerous responsibilities on the statutory auditors of the Companies. These include reporting on the adequacy and operating effectiveness of the internal financial controls in the auditor’s report and reporting on frauds to the Central Government. The Auditing and Assurance Standards Board(“the Board”) has already worked on the guidance for the members to work on these areas under the changed regulatory environment. It is imperative that now the guidance on the new requirements reach the members in time.
To create awareness about the changes and to provide the members with adequate guidance on the aforesaid aspects, the Board is proposing to organise numerous workshops/programs across the country and for doing so, create a pool of resources who would act as faculty for the awareness programmes. For this purpose, the Board is organising an “Orientation Program for the Faculty on Auditors’ Reporting Responsibilities Under The Companies Act, 2013”.Following matters will be discussed:
Internal Financial Control over Financial Reporting and the guidance thereon
Reporting on Fraud to the Central Government and the guidance thereon
Auditor’s Report, Engagement Letter and Written Representation for statutory audit under the Companies Act, 2013
The time and place for this Programme will be informed to the participants in due course.
Interested Members who:
Are keen to be a part of this awareness programmesto be organised by POUs
Possess at least ten years’ post qualification experience