Foreword ​

The Ministry of Corporate Affairs (MCA) issued the Companies (Audit and Auditors) Amendment Rules, 2021 on March 24, 2021 introducing inter alia new Rules 11(e), 11(f) and 11(g) in the Companies (Audit and Auditors) Rules, 2014. The Rule 11(g) deals with reporting on the use of accounting software by a company for maintaining its books of accounts which has a feature of recording audit trail. This Rule cast onerous responsibility on the auditors as scope of reporting under this Rule is very wide.

I am happy to note that the Auditing and Assurance Standards Board (AASB) of ICAI has brought out this “Implementation Guide on Reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014” on this new reporting requirement. The Implementation Guide provides detailed guidance on various aspects so that they can discharge their duties more efficiently and effectively. The Implementation Guide specifies various scenarios for better understanding of the members and enables them to deal with the practical situations which may be faced by them while reporting under this Rule.

I compliment CA. (Dr.) Sanjeev Kumar Singhal, Chairman, CA. Vishal Doshi, Vice-Chairman and other members of the Auditing and Assurance Standards Board for their efforts in bringing out this Implementation Guide for the benefit of the members at large. I am confident that the members and other interested readers would find this Implementation Guide immensely useful.

March 6, 2023
New Delhi

CA. Aniket Sunil Talati
President, ICAI