-
ICAI Guidance Note on Audit of Banks (2022 Edition)
Statutory audit of banks involves a number of peculiarities due to some unique features of banks and banking operations e.g. huge volumes and complexity of transactions, wide geographical spread of ba...
-
Govt initiatives to promote Information Technology Industry Services
EXPORT OF IT INDUSTRY SERVICES The Government of India (GoI) has taken various initiatives to promote Information Technology and Information Technology enabled Services (IT/ ITeS) sector in the countr...
-
Migration of Foreign Companies To India
Various initiatives/schemes have been launched by Government for promoting growth and attracting investment in India. The Make in India programme was launched on 25th September, 2014 with aim of facil...
-
ICAI mandates Peer Review for certain categories of Firms
Public Relations Committee The Institute of Chartered Accountants of India 11th February, 2022 ICAI mandates Peer Review for certain categories of Firms The Institute of Chartered Accountants of India...
-
ICSI Guidelines/Instructions for applying For Transcript (For Students)
All students who passed any group/module or any stage, are eligible for obtaining transcript. Documents required 1. Duly filled and signed Transcript Application Form 2. Self-attested copies of the ma...
-
Exposure Draft of Initial Application of Ind AS 117 and Ind AS 109
Accounting Standards Board The Institute of Chartered Accountants of India 8th February, 2022 Exposure Draft of Initial Application of Ind AS 117 and Ind AS 109- Comparative Information – Amendments t...
-
ICSI announces Cut-off Dates for the year 2022
Institute of Company Secretaries of India Note: It is clarified that on the scheduled cut-off date even if there is a holiday/Off-day, there shall be no change in the prescribed cut-off date Particula...
-
Results of CA Final & Foundation Exam on 10th/11th February
Results of Chartered Accountants Final Examination (Old Course & New Course) and Foundation Examination held in December 2021 are likely to be declared on Thursday, 10th February, 2022 (evening)/Frida...
-
FRN compulsory for UDIN Generation from 1st February 2022
This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched...
-
UDIN for Audit Forms/Certificates can be updated till 30.04.2022
UDIN Directorate The Institute of Chartered Accountants of India 31st January 2022 Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the...
-
ICAI Guidance Note on Division II – Ind AS Schedule III to Companies Act 2013
The Government is bringing out several changes in the Companies Act, 2013 from time to time to enhance transparency by way of mandating additional disclosures. Towards the same, the Ministry for Corpo...
-
Guidance Note on Division III to Schedule III to Companies Act 2013 for NBFC who is required to comply with Ind AS
Division-III to the Schedule III to the Companies Act, 2013 was first notified by the Ministry of Corporate Affairs (MCA) in October, 2018 for the NonBanking Financial Companies (NBFCs) that are requi...
-
Guidance Note on Division I – Non Ind AS Schedule III to Companies Act 2013
The Division I to the Schedule III of the Companies Act, 2013 lays down the format for preparation of the financial statements by the Companies that are required to comply with Companies (Accounting S...
-
ICSI elects its New President and Vice President for the year 2022
THE INSTITUTE OFCompany Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of Parliament(Under the jurisdiction of Ministry of Corporate Affairs)PRESS RELEASEChief of...
-
CS Recognised under SEBI (ICDR) (Amendment) Regulations, 2022
The Institute of Company Secretaries of India 17th January, 2022 Dear Professional Colleague, Subject: New Recognition to Company Secretary under the SEBI (Issue of Capital and Disclosure Requirements...
-
Draft Valuation Standard 304 – Valuation of Assets in Extractive Industries
Valuation Standards Board The Institute of Chartered Accountants of India 18th January, 2022 ANNOUNCEMENT Request to give comments on the Exposure Draft of ICAI Valuation Standard-304 “Valuation of As...
-
Exposure Draft of Guidance Note on Audit of Banks, 2022 edition
issued by the Auditing and Assurance Standards Board As you may be aware that every year the Auditing and Assurance Standards Board of the ICAI brings out the publication ‘Guidance Note on Audit of Ba...
-
Implementation Guide to Standard on Auditing (SA) 210), Agreeing the Terms of Audit Engagements
An auditing standard is a form of the current best practices applicable in an audit engagement, which sets a minimum level of technical proficiency in order to ensure that the work done is of high qua...
-
Implementation Guide to Standard on Auditing (SA) 560 Subsequent Events
Standards on Auditing prescribe the fundamental principles of audit to be followed by auditors in their audit engagements. It is essential that auditors must understand and implement these Standards a...
-
ICAI extends last date for complying with mandatory CPE hours
Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 either in physical/offline mode or in virtual mode through VCM/DLH – from 31st December, 2021...