TN VAT Audit Extension - FORM WW - G.O. 136 dt. 31-Oct-2013

Tamilnadu VAT Audit Extension - FORM WW
Due Date : 31-Dec-2013
From FY 2012-13 and henceforth

TN VAT AUDIT 2013 EXTENSION - Article from Dinamalar 30-Oct-2013

VAT AUDIT 2013

Official Confirmation / Notification is awaited.

Users are requested to go through the same and act.

 

Penal provisions for the members of the Institute who had not complied with their CPE Hours requirements for the block period of 3 years (1-1-2011 to 31-12-2013)

For kind information of the members

Sub : Penal provisions for the members of the Institute who had not complied with their CPE Hours requirements for the block period of 3 years (1-1-2011 to 31-12-2013)
In order to function the system of mandatory CPE effective, the Council of the Institute of Chartered Accountants of India has decided that the members who fail to comply with their CPE Hours requirement for the current block of 3 years (1-1-2011 to 31-12-2013) are appropriately sanctioned. Therefore, the Council of the Institute has decided as under :

 All the members are required to complete their CPE hours requirements for the block period of 3 years (1-1-2011 to 31-12-2013) by 31st December, 2013.

• Any shortfall in the CPE credit for the calendar years 2011, 2012 and 2013 should be met by the members by 31st December, 2013.
• The names of the members who fail to comply with their CPE hours Requirements for the block period of 3 years by 31st December, 2013 would be hosted on the website of the ICAI for information of public at large.
• Further, the ICAI will not be responsible in any way for any action taken by any of the regulatory authorities on the basis of the names hosted on the website for allotting the professional work to them as sole proprietor or to their partnership firm.
• To strike out the name/s from the list so hosted on the website, the member/s  shall have to make up any shortfall in their CPE credit hours for the above block period of 3 years by obtaining twice of the amount of the shortfall.  Such addition shall be in addition to the regular CPE hours requirement for the particular Calendar year in which they are making up the shortfall.

The members are requested to note the above. The members are also requested to comply with the CPE Hours requirements for the current  year by 31st December, 2013.

(Secretary, CPE Committee of ICAI)

TN VAT AUDIT - FORM WW IN EXCEL - TEMPLATE VER 1.1

TN VAT AUDIT - FORM WW TEMPLATE IN EXCEL
VER 1.1

Link : https://drive.google.com/file/d/0B-0hzoMM8_XZVVZWM0ZYalE3OVk/edit?usp=sharing

TAX AUDIT - 44AB - EXTENSION 2 AY 2013-14 dated 24-Oct-2013

Source : http://www.incometaxindia.gov.in/archive/DeptNews_Order119_24102013.PDF

TAX AUDIT - 44AB - EXTENSION 1 AY 2013-14 dated 26-Sep-2013

Source : http://www.incometaxindia.gov.in/archive/BreakingNews_Order119_ITAct_26092013.pdf

TN VAT AUDIT - FORM WW IN EXCEL - TEMPLATE VER 1.0

TN VAT AUDIT - FORM WW TEMPLATE IN EXCEL
VER 1.0

Link : https://drive.google.com/file/d/0B-0hzoMM8_XZQVdPTThyYThlUEk/edit?usp=sharing

 

ICAI Press Release on Bank Audits

ICAI Press Release

June 12, 2013

The Institute of Chartered Accountants of India (ICAI) would like to clarify that the present limit for Statutory Bank Branch Audit is still Rs.20 Crore (of advances) and not Rs.50 Crore as being erroneously reported in some sections of the media.

 

This is to inform that concerted and strategized efforts are being made to convince the Government to reduce the limit to Rs. 6 Crore, in Public Interest.

 

Source : http://220.227.161.86/30159prc19754.pdf

 

Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports

ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERS Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports

1. Members are requested to note that the audit reports for audits of financial statements for periods beginning on or after 1st April 2012 are to be issued in the revised auditor’s report format, as prescribed in the Revised Standard on Auditing (SA) 700, Forming An Opinion and Reporting on Financial Statements. The text of the revised auditor’s report appears in the Appendix to the said SA and can be downloaded from the website of the Institute of Chartered Accountants of India at URL: http://220.227.161.86/17874sa700annx1.pdf.

2. FOR THE READY REFERENCE OF MEMBERS CARRYING OUT AUDIT OF BANKS/ BANK BRANCHES, THE AUDITING AND ASSURANCE STANDARDS BOARD OF THE ICAI HAS DEVELOPED RELEVANT AUDIT REPORT FORMATS IN LINE WITH THE REQUIREMENTS OF THE REVISED SA 700. THESE FORMATS HAVE BEEN GIVEN ALONGWITH THIS ANNOUNCEMENT (click here to download the formats). IT MAY ALSO BE NOTED THAT ICAI HAS ALREADY SENT A COMMUNICATION TO RBI REGARDING THESE REVISED AUDIT REPORT FORMATS BEING APPLICABLE FOR AUDITS FOR FY 2012-13 AND ONWARDS.

3. Further, members undertaking bank audits are also requested that, pursuant to a recent communication by the Reserve Bank of India to ICAI in this regard, the total number and amount of debits/ credits arising pursuant to the Memorandum of Changes submitted by them, be given under the heading “Other Matters Paragraph” on the face of the audit report/s issued by them. Necessary guidance in this regard is being provided in the 2013 Guidance Note on Audit of Banks which would be issued soon.

Source : http://icai.org/new_post.html?post_id=9308&c_id=219