Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
11th April, 2024

Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects

The Institute of Chartered Accountants of India (ICAI) being the world’s largest accounting body and regulator and developer of accountancy profession in India has always partnered in Nation Building and provided services for economic development of the country.

With the rapidly evolving business environment, introduction of new age companies, start-ups, increased number of companies going public and amid plethora of regulatory and reporting requirements, the role of auditors has increased manifolds.

In the current environment with ever increasing expectation from auditors, the Auditing and Assurance Standards Board (AASB) of ICAI has decided to provide necessary support to the members in practice with respect to the Statutory Audit of entities pertaining to auditing aspects with the objective of enhancing audit quality.

In this regard, it is to inform you that the Board has formed an Expert Panel which will provide technical support to the members with respect to their queries on auditing aspects.

The Panel will address the queries from 16th April 2024 till 30th September 2024.

The members may send their queries at email address: auditfaq[at]icai[dot]in

Panel Convenors

CA. (Dr.) Sanjeev Kumar Singhal, Chairman, AASB and CA. Vishal Doshi, Vice Chairman, AASB

The members are specifically informed that the views expressed by the experts would be their personal views and not necessarily the views of the AASB or the ICAI. AASB, ICAI or the experts of the Panel, do not accept any responsibility for actions taken by the querists based on such advice. Further, these views are not to be used as evidence in any non judicial/ quasi judicial/ judicial proceeding before any authority. Further, depending upon the nature of query, the Board reserves the right not to answer the query without any further intimation/notice/email and without assigning any reason thereof.

To enable us to serve you better, you are also advised to:

• Be brief but provide full information and facts.
• Not to mention the name of the Client or Entity in order to avoid problem of violation of client confidentiality requirements under the ICAI’s Code of Ethics.
• Avoid rejoinders.
• Not to send the same query twice.
• Draft the report on your own.
• Use own professional judgment.