Extension of Time for Completion of Peer Review till January 31, 2009. - ICAI
January, 13th 2009
Peer Review Process is required to be completed within a stipulated time schedule, those firms which did not adhered to this time schedule were sent a communiqu to complete their Peer Review Process by November, 2008. Our communiqu also stated that those firms which did not complete their Peer Review Exercise; the Council was contemplating not to forward their names of defaulting PUs to the empanelling authorities for allotment of audits or withdraw their name(s) from the Panel already drawn up.
Practice Unit selected for undergoing Peer Review, were advised to ensure that the Peer Review Process was completed in their cases latest by December 15, 2008.
Peer Review Board has decided to extend the date of completion of Peer Review Process till January 31, 2009.
The Practice Units are advised to ensure completion of Peer Review by stipulated date.
Reviewers are also requested to complete their review assignments by the stipulated date.