Revised Guidance Note on Audit of Consolidated Financial Statements issued by the Auditing and Assurance Standards Board – (17-10-2016)
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India, in 2003, had issued the Guidance Note on Audit of Consolidated Financial Statements to provide guidance to the members undertaking audits of consolidated financial statements. Since the issuance of this Guidance Note, a number of developments have taken place like notification of the Companies (Accounting Standards) Rules, 2006, replacement of the Companies Act, 1956 by the Companies Act, 2013, issuance of the Indian Accounting Standards (Ind AS) by ICAI, notification of the Companies (Indian Accounting Standards) Rules, 2015. These developments necessitated the revision of this Guidance Note. Download the Revised Guidance Note on Audit of Consolidated Financial Statements issued by ICAI:
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