Empanelment - Page 46

ICAI Favour Rotation of Auditors After 3 Years

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II The self regulatory body for auditors, ICAI is pushing for compulsory rotation of auditors by companies in view of mounting pressure from local financial institutions. “A high-powered committee is currently examining the option and a decision wil...

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Posted Under: Finance |

PROCEDURE FOR APPOINTMENT OF BRANCH STATUTORY AUDITORS IN PUBLIC SECTOR BANKS FOR THE YEAR 2008-09

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II The large PSBs having balance sheet size (assets + liabilities) of above Rs. 1 lac crore each to exercise managerial autonomy in regard to appointment of SBAs also from the year 2008-09 onwards.  Thus, State Bank of India, Allahabad Bank, Bank of [&he...

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Posted Under: Finance |

Bank Branch Auditors Panel for the year 2008-09 – (05-01-2009)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Bank Branch Auditors Panel for the year 2008-09 is now available as under: NORTH (http://www.meficai.org/north.htm ) SOUTH ( http://www.meficai.org/south.htm) EAST ( ( http://www.meficai.org/east.htm ) WEST ( http://www.meficai.org/west.htm )...

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Posted Under: Finance |

EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2009-2010

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II 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 detai...

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Posted Under: Finance |

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: Finance |

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: Finance |

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: Finance |

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: Finance |

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: Finance |

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: Finance |
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