Empanelment - Page 46

EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2009-2010

Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for the year 2009-2010 for appointment as auditors of Government Companies/Corporations. The format of application along-with the detailed instructions regarding the documents to be furnished will be available on our websit...

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Posted Under: CA, CS, CMA |

Approval of four more Auditing Standards – ICAI

The Revised Standard on Auditing (SA) 540, 'Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures' provides timely guidance on audit of fair value and accounting estimates in the current times of market uncertainty and liquidity crunch. Accounting estimate is an approximation of a monetary amoun...

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Posted Under: CA, CS, CMA |

ICAI's constitutes committee on public finance

The Institute of Chartered Accountants of India has constituted a committee on Public Finance with the objective of extending a helping hand to the Centre, state and local administrative departments in nation building, an official of ICAI said on Monday. ICAI Programme Director V C James told reporters here, the committee's key objective ...

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Posted Under: CA, CS, CMA |

Suggestion on Schedule VI and Saral Schedule VI for small and medium sized companies

As your good self are aware that the Council at its 280th meeting held from 7th to 9th August 9, 2008, considered the cited matter. After detailed discussion, the Council authorised CA. Vinod Jain, Chairman, CLC to finalize the Schedule VI and Saral Schedule VI for small and medium companies while appreciating the views/suggestions emerge...

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Posted Under: CA, CS, CMA |

Multipurpose Empanelment Form (MEF) – Information regarding association with Public Sector Banks

If you have accepted any concurrent audit, directorship in banks, taking loans from banks, after fiiling of MEF for 2008-09, you have to file form given in the below link so that statutory audit of that bank will not be alloted to you but other bank can be allotted....

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Posted Under: CA, CS, CMA |

Application for Empanelment for Audit of Co-Operative Banks

Empanelment Form For Allotment Of Cooperative Bank Audit Panel Of Auditors For Audit Of Urban Cooperative Banks Having Deposit Exceeding Rs.25 Crores....

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Posted Under: CA, CS, CMA |

Onus Is On Assessee To Prove That The Net Realizable Value Whatever Has Been Shown By Him Is The Correct Net Realizable Value

Valuing the closing stock at net realizable value method is duly recognized by AS-2 issued by the ICAI but, the onus is on the assessee to prove that the net realizable value whatever has been shown by him is the correct net realizable value and is less than the cost: the assessee has to satisfy the Assessing Officer by adducing the evide...

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Posted Under: CA, CS, CMA |

Indian CAs Can Practice in UK and Frequently Asked Questions

While the legal profession in India is still weighing the pros and cons of opening up to foreign competition, chartered accountants have gone ahead and taken the plunge. The Institute of Chartered Accountants of India (ICAI) has signed an agreement with the Institute of Chartered Accountants in England and Wales (ICAEW), allowing both cou...

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Posted Under: CA, CS, CMA |

ICAI sets Eyes on Global Standards

The recent planning and initiative of the Institute of Chartered Accountants of India (ICAI) are now directed to make India as a destination for accounting as well as auditing services. Apart from converging with the international financial reporting standards (IFRS) by April 1, 2011, it is now planning to convergence with the internation...

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Posted Under: CA, CS, CMA |

In Times of Crisis, CAs In Demand Like Never Before

THE financial meltdown is expected to bring new opportunities for chartered accountants as companies will seek better control over their finances. So, if BSchools are a worried lot and preferences are fast changing from finance to consulting, the CAs are in demand like never before. Also, as per the ICAI top brass, while the financial sec...

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Posted Under: CA, CS, CMA |
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