Information related to to CA, CS, CMA, ICAI, ICSI, Exam, CAG, MEF, Audit Empanelment, Accounting Standard, IFRS, Auditing Standard, Accounting Principles.
CA, CS, CMA : Learn how to calculate turnover for derivatives, speculative transactions, and multiple businesses as per ICAI's revised 2023 guid...
CA, CS, CMA : Understand the 60-tax audit rule for Chartered Accountants, its exceptions, and its implications on professional conduct and ethic...
CA, CS, CMA : Explore the ethical issues in auditing, their consequences, and strategies for maintaining integrity. Understand how ethical stand...
CA, CS, CMA : Protect your financial data when sharing with tax professionals. Learn the risks, precautions, and alternative methods for secure ...
CA, CS, CMA : Discover why external confirmation is crucial in audits, its reliability over internal evidence, and when auditors need it for fin...
CA, CS, CMA : Discover the latest updates from the Institute of Chartered Accountants of India for 2025 exams. Detailed analysis of course publi...
CA, CS, CMA : Stay updated with ICAI BoS Publications for September 2024 exams. Analysis of Foundation and Intermediate course subjects' edition...
CA, CS, CMA : Explore the Audit Quality Maturity Model (AQMM) v2.0 by ICAI. Review proposed changes, submit feedback, and shape the future of au...
CA, CS, CMA : ICAI announces May 2024 CA Final and Intermediate exam results. Check pass percentages and top rankers. Congratulations to all suc...
CA, CS, CMA : ICAI seeks Chartered Accountants and Professionals with 10+ years of teaching experience to record e-lectures for Self-Paced Onlin...
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 : Despite concerns over elections, Delhi High Court rejects plea to delay CA exams. Detailed analysis of the judgment provided....
CA, CS, CMA : Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analy...
CA, CS, CMA : Read about recent disciplinary actions by ICAI removing members from the register due to professional misconduct. Understand impli...
CA, CS, CMA : Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, ch...
CA, CS, CMA : Explore the ICAI Board of Discipline's ruling on an audit dispute where the respondent's communication via registered post was dee...
CA, CS, CMA : The ICAI's Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and othe...
Directorate of Enforcement (ED) has taken a significant step in the Shakti Bhog Foods money laundering case by provisionally attaching 59 immovable and movable properties worth Rs. 28.67 Crore. The attachment has been made under the Prevention of Money Laundering Act (PMLA) and involves individuals such as Sunil Dhupar, former CA and statutory auditor of […]
Explore the accounting requirements for Service Concession Arrangements (SCAs) under IFRIC 12. Understand control criteria and three accounting models for operators.
Bank of Baroda has announced the appointment of Chartered Accountancy firms for concurrent audit assignments. This article provides an overview of the units and branches for which the appointments are being made, along with important details such as the duration of the audit and submission deadlines. 1. The appointment of 1 Chartered Accountancy Firm each […]
Institute of Chartered Accountants of India (ICAI) has issued notifications regarding the removal of CA Basudeb Mukhopadhyay and CA Subodh Kumar Maheshwari from the Register of Members. These disciplinary actions have been taken based on findings of professional misconduct and other misconduct, as determined by the Disciplinary Committee of the ICAI. CA Basudeb Mukhopadhyay, whose […]
Explore the challenges faced by professionals with government websites – from tax discrepancies to MCA incorporation delays. Is the government truly facilitating ease of business or adding to professional frustrations? Dive into the intricacies with S P Babuta & Associates.
Institute of Cost Accountants of India (ICAI) issues a circular discontinuing the usage of the acronym ‘ICAI‘ as directed by the Hon’ble High Court of Delhi. The circular mandates the removal of all references to ‘ICAI‘ and the adoption of the acronym ‘ICMAI‘ across physical and virtual platforms. This decision comes after the Institute of […]
Discover the concept of accounting standards, their purpose, and their role in enabling stakeholders to compare financial data across entities. Explore the global history of accounting standards, including the transition from International Accounting Standards (IAS) to International Financial Reporting Standards (IFRS).
Discover the emergence of social audit in India and its statutory mandates, including the role of Gram Sabhas. Explore the impact of social audits on sectors like NREGA and CSR, and the potential of Social Stock Exchanges. Learn about sustainability reporting standards and the country’s commitment to global initiatives for social development.
Explore the need for a Balance Confirmation Portal in auditing, a collaborative effort by ICAI and IBA to enhance audit integrity. Learn how it addresses challenges, reduces risks, and streamlines the external confirmation process, citing historical frauds like the SATYAM Scandal. The proposed portal aims to provide standardized, transparent, and cost-free access to information from public sector banks initially, with plans for future expansion. Stay informed about this innovative solution shaping the future of auditing.
Explore the important initial audit engagement step of agreeing to the terms of the audit engagement as outlined in SA 210. Learn about preconditions, roles, responsibilities, and the significance of the Letter of Engagement (LOE).
