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RBI further Enhances Security of Card Transactions

January 15, 2020 1230 Views 0 comment Print

Over the years, the volume and value of transactions made through cards have increased manifold. To improve user convenience and increase the security of card transactions, it has been decided as under:

Exposure Draft of SIA 520, Auditing in an Information Technology Environment

January 15, 2020 1878 Views 0 comment Print

Exposure Draft of Standard on Internal Audit (SIA) 520, Auditing in an Information Technology Environment (Comments to be received by February 05, 2020) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 520 AUDITING IN AN INFORMATION TECHNOLOGY ENVIRONMENT The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard […]

RTIs related to J&K UT Administration to come under CIC jurisdiction

January 15, 2020 684 Views 0 comment Print

Applications filed under the Right to Information (RTI) Act related to Offices in Jammu and Kashmir under the Union Territory Administration will soon come under the jurisdiction of the Central Information Commission CIC).

BOB RFP to Appoint service provider for Concurrent & IS Audit

January 14, 2020 1548 Views 0 comment Print

Bank of Baroda Request for Proposal for Selection of Service Provider for Conducting Concurrent Audit of Data Centre and IS Audit of Applications

Guidance Notes on ICSI Auditing Standards (CSAS-1 to CSAS-3)

January 14, 2020 1158 Views 0 comment Print

ICSI Auditing Standards aims to support the Company Secretaries in developing auditing acumen, techniques and tools and inculcate best auditing practices while conducting the audit and promote standardisation and uniformity in the professional arena. The Institute of Company Secretaries of India has issued the first four Auditing Standards, i.e (i) Auditing Standard on Audit Engagement […]

ICMAI mandates 15 Month Practical Training for students

January 14, 2020 4881 Views 0 comment Print

1. Under this scheme students are required to undergo a Practical Training for at least 15 months instead of 6 months. 2. This training scheme will be applicable for the students registering in Intermediate Course for the December 2020 term examination onwards.

SION for Stainless Steel Washers appearing under C-888 stands suspended

January 14, 2020 1539 Views 0 comment Print

The Standard Input Output Norm as appearing at serial number C-888 for export of Stainless Steel Washers of different grades stands suspended with immediate effect.

No CBDT circular or instruction can be contrary to decision of SC

January 12, 2020 2697 Views 0 comment Print

Line of judicial view is that the Revenue cannot be permitted to contend that there is a CBDT instruction No. 03/2010 dated 23/3/2010 to the contrary. No CBDT circular or instruction can be contrary to the decision of the Hon’ble Apex Court, even subsequent to the decision of the Hon’ble Apex Court.

ICSI representation on recent change in CS Appointment limit

January 11, 2020 8787 Views 0 comment Print

This has reference to Ministry’s Notification dated 3rd January, 2020 amending the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 thereby altering the limits for mandatory appointment of Whole-Time Company Secretaries from rupees 5 (five) crore to rupees 10 (ten) crore.

Mere participation in section 147 proceedings not confers jurisdiction upon AO

January 11, 2020 2931 Views 0 comment Print

Mere participation in proceedings or acquiescence would not confer jurisdiction upon AO who otherwise was not the AO of assessee, therefore, notice issued under section 148 was quashed and since  reopening was quashed,  subsequent orders passed on account of such reopening were also quashed.

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