The Institute of Chartered Accountants of India (ICAI) has vide its Announcement dated 04th May, 2021 extended the validity period of the Peer Review Certificate in the wake of the COVID-19 situation in India and lockdown imposed by several State Government.
The Peer Review Board of the ICAI decided to grant an extension to the Peer Review Certificates expiring during the period from 1st April 2021 to 30th June 2021 up to 31st July 2021.
The Official Announcement is as follows:-
|Peer Review Board
The Institute of Chartered Accountants of India
4th May, 2021
Sub: Extension of validity of Peer Review Certificate in the wake of COVID -19 spurt across the country
It has been noted that Practice Units are facing operational break-down due to lockdown imposed by several State Governments across various parts of the country owing to pandemic. Therefore, in order to mitigate the hardship, the Peer Review Board has decided to grant extension to the Peer Review Certificates expiring during the period from 1st April, 2021 to 30th June 2021 up to 31st July 2021. Accordingly, The validity of such certificates shall now be treated as 31st July 2021. However in order to maintain the continuity of validity of certificate, the Practice Units are requested to ensure the submission of completed Final Clean Report to the Board well in advance before 31st July 2021.