CAalley Newsletter dated March 8, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

From the ICAI:

Standards of Auditing

Legal Updates:

MCA

SEBI

Customs

News Update:

Indian News:

India imposes money laundering provisions on cryptocurrency sector

Sebi gives more time to submit applications for empanelment of forensic auditors for MFs, AMCs, trustees

Govt issues guidelines to hold influencers responsible; safeguard consumers

SEBI seeks to step up sway over boards of bourses, clearing corporations

Sebi framework for cloud services adoption

Sebi frowns on assured returns, asks MFs to remove related ads, brochures

International News:

UK: Sanctions against PwC and two former audit partners

IASB retains impairment-only goodwill model in M&A

New standard provides risk-based approach to group audits

KPMG working on tackling decarbonisation goals

Seven key takeaways from the IFRS Sustainability Symposium

ESG reporting muddled by jumble of standards: IFAC

EU auditors: Time to simplify the complex EU financial landscape

From the ICAI:

Standards of Auditing:

Implementation Guide to SA 580, Written Representations

Legal Updates:

MCA:

MCA Announcement for CA and CS

IEPF Public Notice related to company issues

SEBI:

Operational Guidance - Amendment to SEBI (Buy-back of Securities) Regulations, 2018

Linking of PAN with Aadhaar to be done by March 31, 2023 [Press Release]

Framework for Adoption of Cloud Services by SEBI Regulated Entities (REs)

Customs:

Boarding functions – Improving transparency using boarding Jacket fitted with Body Worn Camera (BWC) having video/audio recording facility by Boarding Officer [Circular No.7]

Rectifiable labelling information for imported food consignments [Instruction No.9]