Accounting & auditing standards of ICAI
Accounting & Auditing standards of ICAI have been recognized under section 143 of the companies act 2013. Hence as a auditor you need to verify whether the company has complied with the applicable accounting standards & Standards of auditing needs to be folllowed during the course of audit.
I beleive unless the same is notified vide gazatted notification, the sections are not effective. As per August 30th Dated, Only 98 specific sections are notified. Is section 143 notified. If yes, request to share the gazatted notification date.
CA. S Kamath