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 Register for Fourth Exclusive Batch of German Language (120 hours) for ICAI Members and Students at Delhi. Last Date - 29th January, 2020
 CMI&B of ICAI is conducting 51st Campus Placement Programme in the month of Feb-March, 2020.
 Office hours arising out of Security Arrangements for Republic Day - 2020
 Certificate Course on Forex and Treasury Management –Forthcoming Batches at Noida & Mumbai
 Result of the Information Systems Audit [ISA] Assessment Test held on 28th December 2019 is likely to be declared on Thursday, 16th January 2020 (evening)/ Friday, 17th January, 2020.
  DAAB of ICAI releases Digital Competency Maturity Model for Professional Accounting Firms - Version 2.0 and Implementation Guide
 Educational Material on Indian Accounting Standards 116, Leases
 Results of the Post Qualification Course Examinations i.e. International Taxation Assessment Test, Insurance & Risk Management, and International Trade Laws & WTO are likely to be declared on the Monday, February 3rd, 2020 (evening)/Tuesday, February 4th, 2020.
 Register for Exclusive Fourth Batch of French Language (108 hours) for ICAI Members and Students at New Delhi - 20th January, 2020.
 Four Weeks Residential Programme to be held from 27th January, 2020 to 23rd February, 2020 at Centre of Excellence, Jaipur for Male Participants only.
 Announcements - MEF 2019-20

Announcement on Applicability of Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements to Statutory Auditors of Listed Entities and their Material Subsidiaries
December, 09th 2019
Announcement on Applicability of “Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements” to Statutory Auditors of Listed Entities and their Material Subsidiaries

1    The Auditing and Assurance Standards Board of ICAI issued “Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements” on 30th November 2018. Paragraph 25 of the aforesaid Implementation Guide which prescribes applicability of the aforesaid Implementation Guide is reproduced below:

“Applicability

25. This Implementation Guide is applicable in case of audits of all listed entities. Further, in case of audits of banks, insurance companies and other corporate entities, the guidance given in this Implementation Guide be also followed, as applicable.”

2    SEBI has issued a Circular dated 18th October 2019 regarding “Resignation of statutory auditors from listed entities and their material subsidiaries”. The aforesaid Circular prescribes various conditions to be satisfied by listed entities, their material subsidiaries and their statutory auditors. Some members have raised queries regarding applicability of the aforesaid Implementation Guide to statutory auditors of listed entities and their material subsidiaries.

3    It is hereby clarified that statutory auditors of listed entities and their material subsidiaries are required to comply with the aforesaid Circular.

4    This Announcement will come into force from immediate effect.



Chairman
Auditing and Assurance Standards Board
Vice-Chairman
Auditing and Assurance Standards Board
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