Expert Panel for addressing queries related to Statutory Audit
Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
Technical Query Support by ICAI’s Auditing and Assurance Standards Board for the 2025 Audit Season
The Institute of Chartered Accountants of India (ICAI), recognized globally as the largest professional accounting body, has played a vital role in shaping the accounting profession in India and contributing to the nation’s economic progress. With evolving business dynamics, the rise of start-ups, increased public listings, and expanding regulatory frameworks, the responsibilities of auditors have grown substantially. In this context, the Auditing and Assurance Standards Board (AASB) of ICAI remains dedicated to assisting practitioners in enhancing audit quality and meeting stakeholder expectations.
Continuing the initiative from the past three years, AASB has once again constituted an Expert Panel to extend technical guidance to members on audit-related queries during the upcoming audit season. Members can submit their queries by writing to: auditfaq[at]icai[dot]in. The panel will be operational from 11th July 2025 to 30th September 2025.
To ensure effective resolution of queries, members are advised to follow these guidelines while drafting their questions:
- Clearly state all relevant facts while keeping the query concise.
- Do not disclose the name of the client or any identifiable information, maintaining confidentiality.
- Avoid sending the same query more than once.
- Refrain from submitting follow-ups or rejoinders on previously raised queries.
- Please note that responses are meant to offer guidance. Professional judgment should be exercised when applying the advice in practice.
This support initiative is provided by the AASB on a best-effort basis to aid members. However, it is important to note that the opinions shared by the experts reflect their individual perspectives and may not represent the official stance of ICAI or AASB. Neither the Board nor the individual experts assume any liability for decisions made based on such advice. Moreover, responses should not be presented as evidence in any legal, quasi-legal, or regulatory proceedings. Depending on the nature of the query, AASB reserves the right to decline a response without providing reasons.
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