Dear Chartered Accountants, working professionals and students in the domains of Indian auditing, accounting and the tax & regulatory space, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant. Daily news & updates for 24th June 2023 ICAI released "Checklist on Standards on Auditing" to assist auditors in adhering to auditing standards. This comprehensive checklist encompasses all 38 SAs released to date, encompassing a range of audit requirements outlined in SAs. It also includes explanatory "Notes" which incorporate pertinent guidance found in SAs. Additionally, each checklist for a specific SA is accompanied by a concise introduction that clarifies the terminology used in the standard. Recently, AIFs Regulations have been amended and notified to provide flexibility to AIFs to deal with investments of their schemes which are not sold, by selling such investments to a new scheme of the same AIF (Liquidation Scheme). Now, the SEBI has notified amendments to AIF Regulations in relation to the liquidation scheme. If an AIF chooses to launch Liquidation Scheme, it is required to obtain the consent of 75% of investors by the value of their investment in the original scheme. SEBI has prescribed a standard format for seeking the trading preference of clients for the same segment in different exchanges. This is done to ensure that clients are permitted to access all the stock exchanges in which the stock brokers are registered for the same segment. Currently, clients need to provide separate authorisations or letters in case they want to trade on different stock exchanges for the same or different segments. The circular shall be effective from 01.08.2023. The ICAI recently made a significant decision regarding the revocation of Unique Document Identification Numbers or UDINs. UDINs are unique codes assigned to attestations and certifications made by chartered accountants in India. In its 420th meeting held on March 23rd-24th, 2023, the ICAI Council announced that the revocation of UDINs would only be possible within 48 hours of their generation. This Podcast is sponsored by Sound of CA: We share because we care. Vande Mataram Jai Hind