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Necessity of Statutory Branch Audit in Public Sector Banks
It has come to the notice of Professional Development (PD) Committee of Institute of Chartered Accountants of India (ICAI) that one of the public sector banks (PSBs) has requested that Indian Banks’ A...
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Coronavirus Lockdown Rules for Workplaces
Beginning April 20, India’s workplaces and work environments should follow these standardsTo battle against the savage COVID-19, the second period of across the nation lockdown started in India today....
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Classify Services rendered by practising CAs as Essential Services: WIRC writes Maharashtra CM
The Institute of Chartered Accountants of India(Set up by an Act of Parliament)Western India Regional CouncilDate: 17th April, 2020To,Shri Uddhav Thackeray,Hon’ble Chief Minister,Chief Minister’s Offi...
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13 Recent Initiatives by ICAI for Students & Members
Institute of Chartered Accountants of IndiaDear Professional Colleagues and Students,Warm Greetings! At the outset I pray to almighty for the safety and health of yourself, family members and team in...
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ICAI President’s Message – April 2020
Institute of Chartered Accountants of IndiaMy dear Professional Colleagues,As I write this message, the world around us has been undergoing tough unprecedented challenges arising out of COVID-19 pande...
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ICAI Pledges to contribute Rs 21 crores to PM Cares Fund & PMNRF
Institute of Chartered Accountants of IndiaICAI Press ReleaseICAI Stands with Government to fight against COVID 19 Pledges to contribute Rs 21 crores to PM Cares Fund & PMNRFThe Institute of Chartered...
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ICAI Facility to Pay Membership/COP Fee for Upto 10 years
Institute of Chartered Accountants of IndiaDear Professional Colleague,“Change is the only constant thing in this world” so goes the saying.Amidst these challenging times, when world is grappling with...
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ICAI extends validity of Peer Review Certificate
Extension of validity of Peer Review Certificate in the wake of COVID -19 spurt across the countryIn the wake of COVID -19 spurt and nation-wide lock down, the effective date of validity of Peer Revie...
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Date for payment of Membership & COP Fees for Cost Accountants
The Institute of Cost Accountants of India(Statutory body under an Act of Parliament)Dear Professional Colleagues,Greetings from the Institute…First and foremost, I hope you and your families are safe...
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Facilitation measures undertaken by Regulatory Authorities- COVID-19- ICSI
THE INSTITUTE OF Company Secretaries of India20th March, 2020Dear Professional Colleague,Subject: Facilitation measures undertaken by Regulatory AuthoritiesDevelopments arising due to the spread of th...
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Extend deadlines for various statutory/regulatory compliances: ICAI
Institute of Chartered Accountants of IndiaDear Professional Colleagues,As you are aware that the novel coronavirus (COVID-19) outbreak is on-going and the number of cases globally continue to rise. T...
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Potential Effects of the Coronavirus Outbreak on Financial Reporting
Every financial year end is marked with significant chaos as most companies are trying to match their accounts and generate year-end financial statements. This financial year end is however marked wit...
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Comprehensive review of IFRS for SMEs Standard issued by IASB
Request for Information for comprehensive review of IFRS for SMEs Standard issued by the IASB for comments.The Institute of Chartered Accountants of IndiaIntroductionInternational Accounting Standards...
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Grant blanket extension of all statutory due dates till 30.04.2020
Chamber of Tax Consultants has made a request to Finance Minister Smt. Nirmala Sitharaman that a blanket extension of time upto 30th of April is granted for all statutory compliances and if the situat...
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Guidance notes on ICSI auditing standards
ICSI Auditing Standards aims to support the Company Secretaries in developing auditing acumen, techniques and tools and inculcate best auditing practices while conducting the audit and promote standar...
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ICAI Postpones Practical Training Assessment to be held on 22.03.2020
The Institute of Chartered Accountants of IndiaPostponement of Practical Training Assessment scheduled to be held on March 22, 2020March 16, 2020As a precautionary measure to prevent any spread of COV...
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ICAI to review general purpose financial statements of Yes Bank
ICAI Press ReleaseICAI to review general purpose financial statements of Yes BankIn view of the recent media reports as regards certain systemic issues with respect to Yes Bank, Financial Reporting Re...
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Draft SIA 250 Communication with those charged with Governance
EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 250COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCEThe Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites c...
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Draft SIA 150 Compliance With Laws and Regulations
EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 150COMPLIANCE WITH LAWS AND REGULATIONS*The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on...
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Draft Standard on internal audit (SIA) 140- Governance
EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 140GOVERNANCEThe Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard on Internal Audit...