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Report on Audit Quality Review (2016-17) of the Quality Review Board
AnnouncementReport on Audit Quality Review (2016-17) of the Quality Review Board1. Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949...
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ICSI & NSD Council to Develop GST Accounts Assistants
Dear Students,Sub: ICSI and National Skill Development (NSD) Council enter into MoU to Develop GST Accounts AssistantsThe Hon’ble Prime Minister of India, Shri Narendra Modi, while inaugurating Year-L...
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NFRA to be set-up soon; Will take disciplinary action against errant CAs, CSs & Cost Accountants
Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that...
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ICAI President’s Message – November 2017 – (31-10-2017)
My dear esteemed Professional Colleagues,I would like to wish a very happy Samvat Year 2074 to all of you, which has started from 20th October 2017. As someone has said before, I too would ask you to...
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Exposure Draft of the proposed revised definition of internal audit
EXPOSURE DRAFT – PROPOSED REVISED DEFINITION OF INTERNAL AUDIT(Last date for comments -November 25, 2017) Do you want to become an Expert in GST?- Click here to JoinThe Internal Audit Standards Board...
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ICAI relaxes eligibility criteria for Direct Entry Students
ANNOUNCEMENT13th October, 2017Online GST Certification Course by TaxGuru & MSME- Click here to JoinUnder the New Scheme of Education and Training, the eligibility criteria for Direct Entry Students is...
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Golden Years of ICSI Journey
A Jubilee is a carnival in the life of any Institution as it keeps making the entire commune to relish the successful assignment of the lighted torch from one spearhead to another and the Golden Jubil...
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ICSI Model Governance Code for Meetings of Gram Panchayats
PREFACEQuoting words from the Rigveda which mean, “May we move in harmony, speak in one voice; let our minds be in agreement”, I am to believe that the shloka deep down propagates the idea of inclusiv...
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ICSI Guidance Note on General Meeting
The “Secretarial Standard on General Meetings” (SS-2), formulated by the Secretarial Standards Board (SSB) of the Institute of Company Secretaries of India (ICSI) and issued by the Council of the ICSI...
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ICSI Guidance Note on Meeting of Board of Directors
The “Secretarial Standard on Meetings of the Board of Directors” (SS-1), formulated by the Secretarial Standards Board of the Institute of Company Secretaries of India (ICSI) and issued by the Council...
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ICAI demands CA Certificate be treated at par with graduate & Post-Graduate Degree
ICAI demands Chartered Accountancy Certificate be treated at par with graduate and Post-Graduate DegreeDemands CA-Intermediate as graduation degree and final qualification at par with post-graduation...
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Exposure Draft Accounting Standard (AS) 23 Borrowing Costs
Exposure DraftAccounting Standard (AS) 23Borrowing CostsLast date for the comments: 31st October, 2017Issued byAccounting Standards BoardThe Institute of Chartered Accountants of IndiaExposure DraftAc...
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Definition of Material Proposed amendments to IAS 1 and IAS 8- IASB invites comment
IntroductionIn this Exposure Draft, IASB proposes to make minor amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to cl...
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ICAI representations to CBDT & Contribution to GST Implementation
My dear professional colleagues,On 15th August 1947, India’s first Prime Minister Shri Jawaharlal Nehru had proclaimed that our endeavours must aim to bring freedom and opportunity to the common man,...
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Educational Material on Ind AS 18, Revenue (Revised 2017)
Educational Material on Indian Accounting Standard (Ind AS) 18, Revenue (Revised 2017) – (22-09-2017)Indian Accounting Standard (Ind AS) 18, Revenue , prescribes the recognition and measurement princi...
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Aspects related to IFRS- converged Ind AS
Various aspects related to IFRS- converged Ind ASIndian Accounting Standards (Ind AS): An Overview (Revised 2017)This publication contains an overview of various aspects related to IFRS- converged Ind...
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ICAI: Shifting from one Elective Paper to another under Revised Scheme of Education and Training
Board of StudiesSub: Shifting from one Elective Paper to another Elective Paper under Revised Scheme of Education and Training.Students of Final (New) Course may please note that under the Revised Sch...
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Consultation paper on Accounting for Revenue and Non-Exchange Expenses for comments
September 6, 2017ICAI/TD/CASLB/ 2017-18Respected Sir / Madam,This is to inform you that the International Public Sector Accounting Standard Board (IPSASB) has recently issued a Consultation paper on ‘...
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Lack of Transparency in CA Exam Process and Results: DARPG
Introduction1.1 CONTEXTThe Department of Administrative Reforms and Public Grievances (DARPG) received 11,94,931 (related to central government) grievances in 2016 across 88 Ministries/Departments thr...
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Extension of last date of online filing of MEF for year 2017-18
For kind information of all practicing members of Institute Extension of Multipurpose Empanelment Form for the year 2017-18 The last date of online filing of MEF 2017-18 is hereby extended from 25th A...