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Basic Principles of Internal Audit
Standard on Internal Audit (SIA) 2, Basic Principles Governing Internal Audit was, originally, issued by the Board in August, 2007 which was recommendatory in nature. The revised Basic Principles of I...
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Framework Governing Internal Audits
Framework for Standards on Internal Audit was, originally, issued by the Board in August 2007, which was recommendatory in nature. The revised Framework Governing Internal Audits shall become mandator...
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Preface to the Framework and Standards on Internal Audit
Preface to the Standards on Internal Audit was, originally, issued in November, 2004, revised in July, 2007, and was recommendatory in nature. The revised Preface to the Framework and Standards on Int...
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ICAI issues 3 Exposure Drafts of Guidance Note on Audit of Banks 2019
ICAI has issued 3 Exposure Draft of the Guidance Note on Audit of Banks 2019 which includes Guidance on Statutory Central Audit of Banks, Guidance on Foreign Exchange Transactionsand Integrated Treasu...
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CAs need not to be a Graduate to become Registered Valuer
ICAI Press ReleaseChartered Accountants need not to be a Graduate to become Registered ValuerValuation is a highly specialised field which can be performed by the professionals having a blend of finan...
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ICAI Survey on ‘State of the Internal Audit Profession in India’
Survey on the “State of the Internal Audit Profession in India” by Internal Audit Standards Board, ICAI – Seeking Member’s Inputs – (20-11-2018)SURVEY ON THE STATE OF THE INTERNAL AUDIT PROFESSION IN...
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Committee of Experts report on Regulating audit firms & Networks
The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Affairs. The Committee was constitu...
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ICAI Elections 2018- Manner of Recording of Votes
It is brought to the knowledge of all members eligible to vote that the Central Government has notified the amendments made in the Chartered Accountants (Election to the Council) Rules, 2006 in the Ga...
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Observations of candidates on question papers of CA exams
November 1, 2018Observations of the candidates on the question papers of CA examinations- November 2018It is hereby informed that candidates can bring to the notice of the Examination Department, thei...
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Misinterpretation of Data on filing of I-T return by CAs
by Newspapers: ICAI clarifiesICAI has written letter dated 26.10.2018 to the editors of The Pioneer, The Tribune Trust, BBC Hindi and The Times of India in which it has highlighted the fact that they...
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ICAI President’s Message – November 2018
My Dear Professional Colleagues,By Constitution, our nation stands for the protection and furtherance of civil rights of its citizens and today as citizens, we can express and profess the way we are....
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Strengthen the operation of NFRA: Committee of Experts on Regulating audit firms
Committee of Experts submits its report on Regulating audit firms and the NetworksThe Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of Indi...
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Misinterpretation of Data on filing of I-T return by CAs by Newspapers: ICAI clarifies
ICAI has written letter dated 26.10.2018 to the editors of The Pioneer, The Tribune Trust and The Times of India in which it has highlighted the fact that they have misinterpreted the Data on direct t...
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ICAI Issue notices to Auditors in the matter of Amrapali Group
Issuance of notices to Auditors in the matter of Amrapali Group – (26-10-2018)ICAI Press Release The attention of ICAI has been drawn to several media reports highlighting the ongoing proceedings in t...
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ICAI announces financial assistance for needy & meritorious CA students
Application for Scholarships from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 – (25-10-2018)The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p...
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Pearson booked for cheating 50 clients of Rs. 7.40 cr is not a CA: ICAI
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)Misc/PRG/LE-6/2018October 17, 2018The EditorHindustan Times, Mumbai6th /9th Floor, Tower 2, Indiabulls Finance CentreLBS...
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ICAI constitutes High Power Group on IL&FS
ICAI Press ReleaseConstitution of High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS)In the recent past, there have been news reports regarding diversion of loan money in I...
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Mandatory Usage of UDIN by CAs w.e.f. 01.01.2019 to prevent forgery
PRESS RELEASEMandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgeryThe Division Bench of Hon’ble Calcutta High Court had passed an order on 21st June, 2018 in the...
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Accounting Standard (AS) 40, Investments property- Draft
Exposure Draft on Accounting Standard (AS) 40, Investments property-Issued by Accounting Standards Board, The Institute of Chartered Accountants of IndiaLast date for the comments: November 10, 2018(T...
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ICAI: List of Valid Nominations for Central and Regional Council
AnnouncementRe: Valid Lists of Nominations for election to the Twenty Fourth Council and Twenty Third Regional CouncilsIn pursuance of sub-rule (1) of rule 13 of the Chartered Accountants (Election to...