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This is in furtherance to the earlier Announcement dated 29.5.2020 hosted on the website (click here). As the Nation is still under the effect of COVID -19 pandemic, members are facing hardships in getting the Peer Review Process completed. Accordingly, the Peer Review Board has granted further extension to Practice Units mentioned under Point no. C. These should be read in conjunction with the Announcement dated 29.5.2020

C. In case of Practice Units already holding a valid Peer Review Certificate but the Peer Review process needs to be initiated:

If the Peer Review Process needs to be initiated^# and the validity of the certificate is expiring after Lockdown till February 28, 2021 the effective date of validity of Peer Review Certificate has been extended to March 31, 2021 and in these cases the Practice units have to get their peer review completed and submit the final clean report* to the Board before March 31, 2021.

# It may be clarified that for the purpose of Part C- “peer review process needs to be initiated” means initiated on or after 1.04.2020.

* Final Clean reports as clarified in the Announcement dated 21-09-2019 (click here) shall be:

• Final Clean report alongwith
• Annexure I,
• Annexure II (where applicable),
• Questionnaire,
• List of samples alongwith basis of selection and sample confirmation (as per advise given by the Board)
• In case preliminary Report is issued, Practice Unit submission and reviewer verification on the same is to be submitted.

(Also read: ICAI issues advisory with regard to compliance with the Website Guidelines)

(Also read: ICAI postponed November 2020 exams date)

(Also read: ICAI reschedules exam dates and provides Opt-out option for November 2020 exams)

(Also read: ICAI issues guidelines for Students, Exam Centres and Centre Superintendents for November 2020 exams)

(Also read: ICAI issues FAQs regarding Practical Training during Lockdown and Unlock period)

(Also read: Subject wise MCQs with Answers for CA Students)

Disclaimer: The above post includes some content used from ICAI website and executed on this website for fair use only. As this website is of educational nature, hence the content is used for education and awareness to the public.