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ICAI takes back its decision on Mechanism to Monitor Tendering
As reported by us that ICAI has reversed its decision on Mechanism to Monitor Tendering vide our post titled “ICAI – Tendering- Council Retreat – Decision Reverted” , ICAI has made an announcement to...
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A Report on Audit Quality Review Findings (2012-15)
ANNOUNCEMENT A Report on Audit Quality Review Findings (2012-15) Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Qu...
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CBDT – Kindly explore the mechanism to Monitor & Regulate Tax Audits by using MEF data
To, The Chairperson Central Board of Direct Taxes New Delhi Kindly explore the mechanism to use MEF data of ICAI to monitor and regulate Tax audits as per section 44AB through you Nation Wide field of...
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An Introduction to IFRS 15 (corresponding Ind AS 115)
IFRS 15 will replace the following standards and interpretations: 1. IAS 18 (AS 9) Revenue, 2. IAS 11 (AS 7) Construction Contracts 3. SIC 31 Revenue – Barter Transaction Involving Advertising Service...
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Empanelment of CA/ICWA for Audit of Service Tax Assessees
OFFICE OF THE COMMISSIONER OF SERVICE TAX, AUDIT-I 17-B, IAEA HOUSE, M. G. MARG, I. P. ESTATE, NEW DELHI – 110 002 C. No. I-26(494)ST/Audit-I/Spl.Audit/17/2015/2243/07/08/2015 ,Dated: 07.08.2015 To 1....
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Facility for Downloading Statements of Marks relating to IPC Exam held in May, 2015
Facility for Downloading the Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015. – (11-08-2015) Statements of Marks relating to Intermediate (IPC) Examination held in May...
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ICAI President’s Message – August 2015
Despite diversity, the way educational system has developed and strengthened in India, we have to appreciate our ancestors for their vision and contribution. History confirms that India has been a des...
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ICAI Clarification on General Amnesty Scheme
In regard to the General Amnesty Scheme for retrospective restoration of membership which was extended upto 15th May, 2015 vide Announcement dated 5th May, 2015 on the website of the Institute, it is...
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Gist of Representations submitted by the Direct Taxes Committee of ICAI
Dear Professional Colleague, Sub: Gist of Representations submitted by the Direct Taxes Committee of ICAI As you are kindly aware that the Direct Taxes Committee is one of the most important non stand...
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ICAI President’s Message – July 2015
Dear Friends, I extend my heartfelt warm regards and wishes to all of you on the eve of Chartered Accountants’ Day, which we celebrate every year on 1st July. However, we shall celebrate this Day to c...
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ICAI Relaxes requirement of completing Advanced Course on Information Technology Training
ANNOUNCEMENT FOR ATTENTION OF STUDENTS APPEARING IN FINAL EXAMINATION Sub: Relaxation in the requirement of completing Advanced Course on Information Technology Training For admission to the Final Exa...
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Relaxation in number of Audit – High Level Committee on Tax Laws
Dear Professional Colleagues, I am happy to pen down some of the important developments concerning profession that have taken place in recent past. It is my duty to communicate with the fraternity and...
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RTI- Banks to inform their guideline/regulations which requires CAs to certify project reports/ balance sheets
Whether presumptions/projections can be certified and what will be parameter for its accuracy ? Appellant Mandeep Singh filed RTI’s to the head offices of the Banks for seeking information, whether he...
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ICAI invites suggestions on CSR activities that can be undertaken by CAs/CA Firms
Request for suggestions from members at large on the various CSR activities that can be undertaken by them as CAs/CA Firms. – (12-06-2015) Corporate Social Responsibility (CSR) is very vital in the pr...
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Error in admit cards sent to Student appearing for CPT exam to be held on 14th June 2015
Student Registration Number of candidates who are admitted to the Common Proficiency Test(CPT) to be held on 14th June 2015. – 9th June 2015 It has been brought to our notice that the student registra...
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Use of Prefix CA by unregistered Members & Students is illegal
Important Announcement Pre – conditions for using the designation Chartered Accountant It has been brought to the notice of the Institute that certain students undergoing Chartered Accountancy Course...
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Modification in Syllabi of Accounting Papers & applicability for forthcoming CA Examinations
Modification in the Syllabi of Accounting Papers and its applicability for the forthcoming Chartered Accountancy Examinations It has been decided that the following modification be made for the forthc...
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ICAI advisory against fake website similar to its official website
General Advisory cautioning Members, Students of ICAI and other stakeholders to beware of a Fake Website. Advisory May 29th, 2015 Kind Attention: All Members, Students of the Institute of Chartered Ac...
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Eligibility for training of Articled Assistants under CA Regulations
An Associate or Fellow in continuous Practice for a period of up to Three years-1 Articled Assistant. An Associate or Fellow in continuous Practice for a period from Three years to Five years-3 Articl...
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Internal Audit
As per The IIA: “Internal auditors support management’s efforts to establish a culture that embraces ethics, honesty, and integrity. They assist management with the evaluation of internal controls use...