The Council of the Institute has decided to reduce the age from 65 years to 60 years for treating a member as Senior Citizen for the purpose of payment of annual membership fee and certificate of practice fee. Accordingly, for the words and figure age of 65 years appearing in the proviso of both the aforesaid Notifications, the words and figure age of 60 years have been substituted.

In view of the amendments to Chartered Accountants Regulations, 1988, practical Training Guide for Articled/ Audit Assistants has been revised. Students, Members and other Stakeholders are requested to offer their comments, if any. While submitting, you are required to state the same clearly including reasons for change and the suggested draft paragraph, if applicable. Revised [...]

It is hereby brought to the notice of the examinees and other stakeholders of the Chartered Accountants Examination that any request/correspondence relating to any examination matters be sent/made at the following address necessarily by the examinee himself/herself. Additional Secretary (Exams) The Institute of Chartered Accountants of India ‘ICAI Bhawan’, Post Box No. 7112 Indraprastha Marg, [...]

Exposure Draft Limited revisions to Accounting Standard 20: Earnings per Share  The following is the Exposure Draft of the limited revisions to Accounting Standard (AS) 20, Earnings Per Share. The limited revisions are proposed primarily to address the conceptual lacuna in arriving at earnings for computing EPS. Section 78 of the Companies Act, 1956 allows [...]

Direct Entry Scheme – Requirements for commencement of practical training and Eligibility criteria for appearing in the Intermediate (IPC) Examination. In order to give overall information to the students who have registered for the Intermediate (Integrated Professional Competence) Course under Direct Entry Scheme and their eligibility to commence practical training and eligibility to appearing in [...]

The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 11th May, 2013 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 16th April, 2013.

As the members undertaking bank central and/ or branch audits of nationalized banks are aware, the Institute of Chartered Accountants of India has prescribed the illustrative formats of audit reports of banks as well as bank branches, which are in line with the requirements of the Revised Standard on Auditing (SA) 700, Forming An Opinion and [...]

BSE, vide its Notice No 20130405-5 dated 05 Apr 2013, has clarified that DISA Qualified members are also eligible to conduct Annual Systems Audit of trading members who have availed of the IML/ Internet facility from the Exchange.

 THE INSTITUTE OF COST ACCOUNTANTS OF INDIA GUIDELINES FOR MANDATORY TRAINING FOR ALL MEMBERS OF THE INSTITUTE  UNDER CONTINUING EDUCATION PROGRAMME (with effect from 1st April,2013) 1.      INTRODUCTION 1.1 The Institute of Cost Accountants of India was set up under the Cost and Works Accountants Act, 1959, as amended to educate, impart training and develop [...]

April 5th, 2013 Subject: Zone-shifting of candidates for May – 2013 CA Exams Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres in the zone other than the zone opted in the said cities. In [...]