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ICSI Request extension of time for filing of financial statements with ROC
THE INSTITUTE OF Company Secretaries of India MCA: 2022 October 31, 2022 Shri Manoj Govil, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan New Delhi – 110 001 Subject: R...
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Advisory on Use of designation Chartered Accountant or prefix CA
Ethical Standards Board The Institute of Chartered Accountants of India 22nd October, 2022 Advisory Sub.: Use of designation “Chartered Accountant” or prefix “CA” by members while expressing views on...
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Late Fees, Interest, threat to levy penalty or to initiate prosecution – Tax Terrorism
Chartered Accountants Association, Surat Ref: CAAS/Representations/2020-21/03 – Date: 06-01-2021 To, The Finance Minister, 134, North Block, New Delhi – 110011 Sub: Resentment towards Approach of FMO...
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MEF Form due date extended till 9th November, 2022
Professional Development Committee The Institute of Chartered Accountants of India 21st October, 2022 ANNOUNCEMENT FOR EXTENSION OF LAST DATE FOR SUBMITTING MEF 2022-23 FROM OCTOBER 28 TO NOVEMBER 9,...
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Third edition of the IFRS for SMEs Accounting Standard
Accounting Standards Board The Institute of Chartered Accountants of India 10th October, 2022 Third edition of the IFRS for SMEs Accounting Standard IFRS for SMEs Accounting Standards are applied for...
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Minister urges young CAs to explore paths of entrepreneurship
Minister asks Chartered Accountants of India to strive to take Indian Chartered Accountancy Firms to the global level Chartered Accountants must always be committed to promoting equitable and inclusiv...
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Proposed Revision of Empanelment Norms for Government Audit
ICAI President’s Message – October 2022 Dear Professional Colleagues, “The future depends on what you do today.”- Mahatma Gandhi As I pen my thoughts for this communication, I recall the vision and vi...
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Volume-I of Code of Ethics, 2019 for CAs Applicable wef 01.10.2022 with changes
Ethical Standards Board The Institute of Chartered Accountants of India 29th September, 2022 ANNOUNCEMENT Re. : Applicable date of certain deferred provisions of Volume-I of Code of Ethics, 2019. As t...
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RFP for Concurrent Audit of investments of POLIF & RPOLIF
Government of India Ministry of Communications Department of Posts (Directorate of Postal Life Insurance) 1st Floor, Chanakyapuri Post Office Complex, New Delhi -110021 Invitation for REQUEST FOR PROP...
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CA Firms mandated to assess their current level of maturity model using AQMM
Public Relations Committee The Institute of Chartered Accountants of India 21st September, 2022 ICAI Press Release Firms mandated to assess their current level of maturity model using Audit Quality Ma...
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Amendments in IBBI Liquidation & Voluntary Liquidation Process Regulations
Amendments in IBBI (Liquidation Process) Regulations, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017 1. Streamlining the constitution of SCC Present framework ❖ Reg. 31A -*Stakeholder...
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What are Professional Misconducts of a Chartered Accountant
PART- 1 Don’ts 1. A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, advertisement, personal communication, or interview...
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Exposure Draft of AS 113, Fair Value Measurement
Accounting Standards Board The Institute of Chartered Accountants of India 19th September, 2022 Exposure Draft of AS 113, Fair Value Measurement The Indian Accounting Standards (Ind AS), as notified b...
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Banking sector to make a big contribution to make India a developed nation
Banking sector has to make a big contribution to making India a developed nation by 2047: Union Finance Minister Smt. Nirmala Sitharaman at 75th AGM of Indian Banks’ Association Union Finance Minister...
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ED searches in respect to investigation relating to Mobile Gaming Application
ED has carried out search operations under PMLA, 2002 (on 10.09.2022) at 06 premises in Kolkata, in respect to an investigation relating to the Mobile Gaming Application. Cash amounting to Rs 17.32 Cr...
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Request to include CAs as Technical Member of GST Appellate Tribunal
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) ICAI/IDTC/2022-23/Rep/4 8th September, 2022 Hon’ble Shri Dushyant Chautala Deputy Chief Minister, Haryana and Convenor...
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Exposure draft of SSAE 3000 Assurance Engagements on Sustainability Information
Exposure Draft Standard on Sustainability Assurance Engagements (SSAE) 3000 Assurance Engagements on Sustainability Information (Last date for comments: October 3, 2022) Issued by Sustainability Repor...
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Application of funds by trust can be made only on actual payment basis
ICAI clarified that application of funds can only be made on actual payment basis in case of charitable trusts. This amendment is made vide Finance Act, 2022 and is applicable for assessment year 2022...
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Auditing Firms mandatory AQMM requirement W.E.F. 1st of APRIL 2023
W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatory required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity...
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ICAI advises auditor to seek direct confirmation from banks
Auditing and Assurance Standards Board & Professional Development Committee The Institute of Chartered Accountants of India 7th September, 2022 External Confirmations through Third Party Vendors Exter...