Free Download Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)

By | October 18, 2016
(Last Updated On: October 18, 2016)

Guidance Note on Audit of Consolidated Financial Statements (Revised 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 the Guidance Note.

It is heartening that the Auditing and Assurance Standards Board has brought out this revised Guidance Note on Audit of Consolidated Financial Statements for the benefit of the members. The Guidance Note has been written in an easy to understand language and contains detailed guidance on various issues involved in the audits of consolidated financial statements. I am happy that the Guidance Note is a comprehensive and self contained reference document for the members.

Download Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)

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