Joint audits in India: how the work is divided and where each joint auditor remains responsible.
To set out the responsibilities of joint auditors, including the division of work, the matters for which they are jointly and severally responsible, and how differences of opinion are reported.
SA 299 sits in the General phase of the audit. The Standards on Auditing are issued by the ICAI Auditing and Assurance Standards Board (AASB) and deemed to be prescribed by the Central Government under Section 143(10) of the Companies Act 2013. Compliance with SAs is mandatory for every audit conducted by a Chartered Accountant in India.
For authoritative text, refer to the ICAI AASB Compendium of Standards on Auditing at icai.org.
Editable, letterhead-ready formats that put SA 299 into practice — built from the ICAI working-paper set, free to download.
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SA 299 — Responsibility of Joint Auditors — is a Standard on Auditing issued by the ICAI Auditing and Assurance Standards Board. Joint audits in India: how the work is divided and where each joint auditor remains responsible. To set out the responsibilities of joint auditors, including the division of work, the matters for which they are jointly and severally responsible, and how differences of opinion are reported.
Yes. Standards on Auditing are deemed to be prescribed under Section 143(10) of the Companies Act 2013, and ICAI members must comply with them in every audit of historical financial information. Non-compliance must be justified and can attract professional consequences in peer review, NFRA inspection, and disciplinary proceedings.
Documentation sufficient for an experienced auditor with no previous connection to the audit to understand what was done and why (SA 230). For SA 299 in the general phase, that means evidencing: The division of audit work among the joint auditors is agreed and recorded in writing, ideally before the audit begins; Each joint auditor is responsible for the work allotted to them and for the audit procedures they perform; Joint auditors are jointly and severally responsible for work that has not been divided, for the planning and overall conclusions, and for matters brought to the notice of all.
