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IFSCA Circular: Disposal Time Limits for Financial Service Applications

November 28, 2023 378 Views 0 comment Print

Explore IFSCA’s latest circular on time limits for processing financial service applications. Learn about deadlines, reminders, and non-compliance consequences

ICAI issues Guidelines for using the new CA India logo for CA members

November 28, 2023 61149 Views 2 comments Print

Explore the significance of the new CA India logo, incorporating the tricolor symbolizing unity, diversity, and sovereignty. Learn about the blue color, adaptability, and guidelines for usage.

No addition on mere doubt – Cash deposit against cash accumulated from declared income

November 26, 2023 1971 Views 0 comment Print

ITAT Delhi allows senior citizen’s appeal against Rs. 9 lakh addition under Section 69A. Assessing Officer failed to prove misuse of accumulated cash. Read the full order.

CESTAT Quashes Penalty on CHA in Red Sander Goods Illegal Export Case Due to Lack of Direct Involvement

November 26, 2023 414 Views 0 comment Print

CESTAT quashes penalty on MSK Shipping & Logistics for illegal export of red sander goods. Delve into the legal implications of this case.

Consultation Paper on Regulatory Framework For Accredited Investors in IFSC

November 26, 2023 390 Views 0 comment Print

Explore the proposed regulatory framework for Accredited Investors in IFSC, aligning with international standards. Provide feedback on this Consultation Paper by December 7, 2023

Draft SA 700: Forming Opinion and Reporting on Financial Statements

November 25, 2023 1959 Views 0 comment Print

Explore the key aspects of SA 700 (Revised) for auditors, covering forming opinions on financial statements, reporting requirements, and global consistency. Learn the effective date and objectives

Exposure Draft Standard on Auditing 570 Going Concern

November 25, 2023 246 Views 0 comment Print

Explore the details of Standard on Auditing 570 (SA 570) regarding going concern in financial statements. Learn the auditor’s responsibilities, risk assessment, and implications for the auditor’s report

Exposure Draft Standard on Auditing 530 Audit Sampling

November 25, 2023 1059 Views 0 comment Print

Introduction Scope of this SA 1. This Standard on Auditing (SA) applies when the auditor has decided to use audit sampling in performing audit procedures. It deals with the auditor’s use of statistical and non-statistical sampling when designing and selecting the audit sample, performing tests of controls and tests of details, and evaluating the results […]

Draft of SA 315, Identifying & Assessing Risks of Material Misstatement through Understanding the Entity and Its Environment

November 25, 2023 768 Views 0 comment Print

Explore Standard on Auditing 315 Identifying Risks of Material Misstatement. Learn effective risk assessment procedures, internal control evaluation, and more

Section 54(1) Time Limit for GST Refund: Directory, Not Mandatory

November 25, 2023 3864 Views 0 comment Print

Explore Lenovo vs Joint Commissioner GST case on Section 54(1) time limits for GST refund. Detailed analysis of rejection and mismatch issues.

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