Page 373 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori

ICAI Standards: The Institute of Chartered Accountants of India (ICAI) upholds high standards for the
accountancy profession.
Norm Issuance: The Council of ICAI has issued KYC norms to be observed by practicing members.
Mandatory Norms: The KYC norms approved by the Council of ICAI are compulsory.
Attestation Application: These norms apply to all assignments related to attestation functions (ie Audit, Review,
AUP, Compilation)
Where Client is an Individual/ Proprietor
A. Identity:
Individual's Name
PAN or Aadhar Card Number
B. Business:
Business Description
Last Audited Financial Statement
C. Engagement:
Engagement Type
Where Client is a Corporate Entity
A. Identity:
Entity's Name and Address
Company PAN and Identification Number
Directors' Names and Addresses
Directors' Identification Numbers
Parent Company Name (if applicable)
B. Business
Business Description
Last Audited Financial Statement
C. Engagement:
Engagement Type
Where Client is a Non-Corporate Entity
A. Entity:
Entity's Name and Address
Entity's PAN
Partners' Names, Addresses, and Identification Numbers (PAN/Aadhar Card/DIN)
B. Business:
Business Description
Last Audited Financial Statement
C. Engagement:
Engagement Type

(CNO-PE.940) Chartered Accountants In Service
Definition: A Professional Accountant in Service or Chartered Accountant in Service refers to a professional
accountant who is employed or engaged in an executive or non-executive role.
Sectors: They can be employed in various sectors such as commerce, industry, service, the public sector,
education, the not-for-profit sector, regulatory bodies, or professional bodies.
Employment Type: They may be employed directly by these entities or contracted by them.

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