Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Professional Updates »
Open DEMAT Account in 24 hrs
 ICAI International Research Awards 2021 organised by Research Committee (Last Date for Nomination: May 31, 2021)
 Announcement of Campus Placement Programme for Newly Qualified Chartered Accountants April-May, 2021.
 Exposure Draft of COVID-19 Related Rent Concessions beyond June 30, 2021 (Amendments to Ind AS 116)
 Announcement regarding MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April, 2022, on request made by the ICAI
 4th Online Batch of Certificate Course on Forex and Treasury Management from 17th April 2021
 Extension for completion of Orientation Course/IT Training by the eligible Intermediate students on or before 31st May, 2021
 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) - Adv. Information Technology Test on 14th April 2021
 Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contracts due to Interest Rate Benchmark Reform
 Announcement for Criteria for classification of Non-company entities for applicability of Accounting Standards
 Auditing and Assurance Standards Board - Online Panel of Experts for Addressing Bank Branch Audit Related Queries for Financial Year 2020-21
 Consent for enrolment for Exclusive Blended Online Weekend Batch of Spanish language (level A1.1) for ICAI Members and Students (60 hours) w.e.f 17th April 2021
 ICAI Research Project Scheme 2021 - An Initiative by the Research Committee
 ICAI Doctoral Scholarship Scheme 2021 - An Initiative by the Research Committee (Last Date: June 15, 2021)
 CSR Committee of ICAI proudly announces 4th batch of Certificate Course on CSR through online mode across India for members of ICAI.

Announcement regarding MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April, 2022, on request made by the ICAI
April, 06th 2021

ANNOUNCEMENT

Sub: MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April, 2022, on request made by the Institute of Chartered Accountants of India

In view of applicability of the amendments made vide notification dated 24th March, 2021 related to the accounting software having feature of audit trail and its reporting in audit report being made effective from the FY 2020-21, the Institute of Chartered Accountants of India had requested the Ministry of Corporate Affairs to issue a clarification on the same as it was creating confusion in the minds of auditor regarding applicability of the said provision.

In this regard, we are happy to inform you that the Government has considered the request of ICAI and issued a clarification stating that the provisions related to Audit trail as provided in Companies (Audit and Auditors) Amendment Rules, 2021 and Companies (Accounts) Amendment Rules, 2021 have been made effective in respect of financial years commencing on or after the 01st April, 2022.

For more information

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting