ICAI’s April 2026 notification moves CA Final to two attempts a year, May and November. What changes, what students are worried about, and how to plan your Audit preparation around it.
Insurance companies could once issue only equity shares. The 2015 amendment changed that, and changed how the 49 percent foreign holding limit applies. What it means for audit.
Audit is risk-based: more risk, more effort. SA 240 Para 26 tells you to presume risk in revenue recognition, and that presumption shapes how you plan the whole audit.
SA 260 in audit, explained simply – who TCWG actually are, the four categories that must be communicated, and what happens when those charged with governance and management are the same people.
A private company that is a subsidiary of a public company is deemed public – but MCA has clarified that a subsidiary of a foreign holding company keeps its private status.
SA 330 in audit, explained simply – overall responses, tests of controls and the once-in-three-years rule, why substantive procedures can never be skipped, and the significant-risk exception.
Para A11 of SA 230 makes the completion memorandum optional, not compulsory. Why it is still worth preparing in large and complex audits, and what it should record.
From FY 15-16, audit reports carry a separate Report on Internal Financial Controls. The eight key components required by the Guidance Note on IFC.
