Mandatory AAS ?

Discussion in 'Audit AAS' started by Meetu, Apr 19, 2014.

  1. Meetu

    Meetu Member

    We all know that AAS are to be followed by all the auditors while performing auditing & attest functions. As per ICAI these standards are issued under the authority of the COUNCIL of the Institue & are mandatory in nature. However my question is : Is above line correct that the mandatory force is derived from the Council's authority? If not, under which regulation of the ICAI, AAS are to be compulsorily followed?

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