Exposure Drafts/consultation papers – India and international
Updates from ICAI
On 1 June 2023, the Institute of Chartered Accountants of India (ICAI), through the Digital Accounting Assurance Board issued the Exposure Drafts (EDs) of the Guidance Notes on Forensic Accounting and Investigation Standards(FAIS). These include:
- Guidance Note - FAIS 000: Over Arching Documents
- Guidance Note - FAIS 110: Nature of Engagement
- Guidance Note - FAIS 120: Fraud Ris
- Guidance Note - FAIS 130: Laws and Regulations
- Guidance Note - FAIS 140: Applying Hypotheses
- Guidance Note - FAIS 210: Engagement Objectives
- Guidance Note - FAIS 220: Engagement Acceptance and Appointment
- Guidance Note - FAIS 230: Using the Work of An Expert
- Guidance Note - FAIS 240: Engaging with Agencies
- Guidance Note - FAIS 250: Communication with Stakeholders
- Guidance Note - FAIS 310: Planning the Assignment
- Guidance Note - FAIS 320: Evidence and Documentation
- Guidance Note - FAIS 330: Conducting Work Procedures
- Guidance Note - FAIS 340: Conducting Interviews
- Guidance Note - FAIS 350: Review and Supervision
- Guidance Note - FAIS 360: Testifying Before a Competent Authority
- Guidance Note - FAIS 410: Applying Data Analysis
- Guidance Note - FAIS 420: Evidence Discovery in Digital Domain
- Guidance Note - FAIS 430: Loans Or Borrowings
- Guidance Note - FAIS 510: Reporting Results
- Guidance Note - FAIS 610: Quality Control
The comment period ended on 21 June 2023.
To access the text of the ICAI announcement, please click here
