Although SEBI vide Circular required ICSI to consider issuing guidance note to PCS to enable then to undertake certifications in accordance with the Regulations and the Circular in letter and spirit, the Institute has still not come up with any guidance note as far I am aware.
However, the Circular clearly gives a Format of Annual Compliance Report which itself has a defined Framework of Work. So ideally that should serve the purpose for our Professionals.
You can reach me at 9949496094 in case of any queries. Regards.