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CA, CS, CMA : A summary of key updates for Income Tax, GST, RBI, and legal matters issued from April 7-13, 2025, including exemptions, tax forms...
CA, CS, CMA : Explore key reasons why leaders fail, from poor communication to micromanagement, and understand what separates effective leadersh...
CA, CS, CMA : Learn how AI tools like ChatGPT and Excel Copilot are revolutionizing chartered accountancy, improving productivity, automating ta...
CA, CS, CMA : The Finance Act, 2025 has introduced several noteworthy changes to the Tax Deducted at Source (TDS) framework under the Income Tax...
CA, CS, CMA : Explore core of effective leadership in accounts: managing people, fostering growth, and building trust beyond AI efficiency. Lear...
CA, CS, CMA : ICSI approves Hindi study material, free masterclasses, debating societies, TDOP options, and new Direct Tax course for members in...
CA, CS, CMA : ICAI's AASB issues Exposure Draft of Auditing Standards for LLPs. Review the changes and provide feedback by May 1, 2025....
CA, CS, CMA : ICSI reopens online enrolment for June 2025 CS exams (with late fee) April 18-19. Centre/module change window: April 20 - May 1....
CA, CS, CMA : ICSI updates ODOP policy: Students who missed deadline must complete TDOP online via LMS. No extra fee. Details to be shared soon....
CA, CS, CMA : Understand UDIN requirements for Bank Audit including LFAR, Certificates, and Tax Audit Reports. Learn how to generate UDINs and c...
CA, CS, CMA : Appellant had approached this Court by way of the present intra Court appeal. It was held that BoD had failed to accord any reaso...
CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...
CA, CS, CMA : Delhi High Court rules that ICAI can hold entire CA firms accountable for misconduct, even if individual guilt isn't found. Full j...
CA, CS, CMA : Patna High Court dismisses a Chartered Accountant firm's petition for non-empanelment due to non-compliance with tender conditions...
CA, CS, CMA : Supreme Court upholds ICAI’s limit of 60 tax audits per CA, validating it as a reasonable restriction under Article 19(1)(g) of ...
CA, CS, CMA : Regional Director dismisses ICAI's plea to rectify ICTPI's name, citing no deceptive similarity and ICTPI's undertakings to avoid ...
CA, CS, CMA : ICAI modifies the jurisdiction of its Ratlam and Pali branches under CIRC, adding new areas to Ratlam and detaching Sumerpur from ...
CA, CS, CMA : Chartered Accountants Association Surat advises members to use the "CA" prefix responsibly, ensuring compliance with professional ...
CA, CS, CMA : ICAI corrects formatting errors in CA Firm Merger Guidelines 2024, addressing alignment issues in seniority, partnership firms, an...
CA, CS, CMA : The Board of Discipline reviewed allegations against CA. Upendra Muley, focusing on fraud claims. Findings highlight lack of evide...
ICAI Advisory on Accounting & Assurance related issues for Financial Year (FY) 2019-20 in light of Covid-19 disruptions- A Synopsis The Institute of Chartered Accountants of India (ICAI) is concerned about the impact of Coronavirus disease on the health of people worldwide as well as on the state of economy and commerce of the world […]
Covid-19 has set a new trend of working from home and it’s not going to end anytime soon as it appears. Due to this, there is a challenge for the organisations in managing their most critical asset i.e. Human resources. A challenge which is not only limited to making sure that they remain motivated while […]
Exposure Draft Guidance Note on Accounting for Share-based Payments (Last date of comments: June 4, 2020) Research Committee of the Institute of Chartered Accountants of India invites comments on any aspect of this Exposure Draft of the ‘Guidance Note on Accounting for Share-based Payments’. Comments are most helpful if they indicate the specific paragraph or […]
Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation Dear Professional Colleagues, We hope this communique will find you safe and healthy. We are sure that by now most of us must have received appointment letters for statutory bank branch audits indicating branches to be […]
Addendum to the Guidance Note on Audit of Banks, 2020 Edition with reference to RBI circular no.: RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020 on COVID 19 – Regulatory Package The RBI issued a circular dated March 27, 2020 granting relief for borrowers as Covid-19 Regulatory package. The relief granted to borrowers vis-à-vis IRAC norms is […]
Q.1 While conducting Bank Audit, whether separate UDINs are required to be generated for LFAR, Tax Audit, Statutory Audit Report etc.? Ans: No, since UDIN has to be generated per Assignment per Signatory on a given date, so one UDIN will suffice for the Bank Audit Report including LFAR and Certificates. However, separate UDIN will […]
DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♦ Government issues clarification regarding short deduction of TDS / TCS due to increase in rates of Surcharge by Finance Act 2019. (Circular no. 8/2020 dated 13th April 2020)Recent circulars/ notifications/ rules/ clarifications/News ♦ Government issues clarification regarding selection of option under section 115 BAC related to […]
COVID-19 issues will depend on each audit’s facts and circumstances. However, every auditor shall have to be proactive for these wholly unprecedented challenges in number of areas while carrying out their respective audits.
Given that at the time of writing this, no cure has been developed for COVID-19 and a suitable vaccine still in development, this note analyses whether lockdown of business (Complete or Partial) might have been the best way to handle the crisis. While we are always wise in hindsight, given that we are still living through the pain inflicted by COVID, the key points, this note is deliberating are still relevant.
tandard on Auditing, (SA) 240, one of the most authoritative text deals with the auditor’s responsibilities relating to fraud in an audit of financial statements. With the flood of opportunities to open up for auditors to audit financial statements for the period ending 31st March 2020
