Information related to to CA, CS, CMA, ICAI, ICSI, Exam, CAG, MEF, Audit Empanelment, Accounting Standard, IFRS, Auditing Standard, Accounting Principles.
CA, CS, CMA : Explore the importance of compliance documents in corporate governance, including certificates by company secretaries, corporate ...
CA, CS, CMA : Understand the accounting implications of delayed payments to Micro, Small, and Medium Enterprises under the MSMED Act. Learn abou...
CA, CS, CMA : Explore the landmark decision by the Madras High Court in the case of M/s. Oasys Cybernetics Private Limited, emphasizing fairness...
CA, CS, CMA : Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into reg...
CA, CS, CMA : Gain insights into recent CFO resignations, exploring reasons behind departures and their impact on companies' financial landscape...
CA, CS, CMA : Read about the Institute of Chartered Accountants of India's Pre-Budget Memorandum 2024 submission, advocating tax incentives for ...
CA, CS, CMA : Take advantage of a one-time scheme by The Institute of Company Secretaries of India. Restore your membership with exemption in en...
CA, CS, CMA : The Institute of Chartered Accountants of India (ICAI) announces Mock Test Papers Series I for CA Foundation June 2024 Exams....
CA, CS, CMA : The Institute of Chartered Accountants of India announces reopening of online empanelment for members to act as observers for May/...
CA, CS, CMA : Join the Institute of Chartered Accountants of India's Live Virtual Classes for CA Foundation/Intermediate/Final courses. Get exam...
CA, CS, CMA : Delhi High Court ruling upholds disqualification of bid by Sunshine Caterers in IRCTC tender due to non-mention of certified infor...
CA, CS, CMA : Naresh Chandra Agrawal Vs Institute of Chartered Accountants of India And Others (Supreme Court of India) In a landmark judgment, ...
CA, CS, CMA : Delhi High Court upholds the decision of Disciplinary Committee of ICAI holding petitioner guilty of professional misconduct as ch...
CA, CS, CMA : Since on every occasion the student had diligently sought permission from the Respondent to pursue the course and on every occasio...
CA, CS, CMA : Kolkata High Court judgment on re-evaluation of answer scripts in Cost Accountancy exams. Analysis of regulations and court decisi...
CA, CS, CMA : Delve into the detailed analysis of the disciplinary committee's order against Indian chartered accountants for professional misco...
CA, CS, CMA : Dive into the detailed analysis of the Institute of Chartered Accountants of India (ICAI) Disciplinary Committee's order in the Tr...
CA, CS, CMA : Explore the case against Kapil Dev Aggarwal under the Chartered Accountants Act, with detailed analysis of allegations, hearings, ...
CA, CS, CMA : Read the detailed analysis of the Disciplinary Committee's order against CA. Shreedhar Tryambak Kunte under the Chartered Accounta...
CA, CS, CMA : Explore the recent disciplinary actions taken by the Institute of Chartered Accountants of India in New Delhi, including removals ...
Appointment of branch statutory auditors of Public Sector Banks – Chartered Accountants from North Eastern Region. RBI has decided to relax the eligibility norm in respect of professional standing of individual auditors/proprietar y audit firms from the North-Eastern Region (viz. the states of Assam, Meghalaya, Arunachal Pradesh, Manipur, Mizoram, Nagaland, Sikkim and Tripura) by reducing the period from 3 years to 1 year from the year 2008-09 and onwards.
The requirement of compulsory practical training is an integral part of the Chartered Accountancy course. Keeping this in view, the Council has recently issued a statement to ensure that working hours of articled assistants do not clash with any other activity undertaken by the articled assistants. However, it has been brought to the notice of the Institute that some of articled assistants are attending coaching classes during working hours of articled training. It is hereby clarified that articled assistants are not permitted to attend coaching classes during working hours. As stated earlier, articled training is an important part of CA curriculum.
ICAI – Announcement Announcement reagrding MEF for the year 2008-09 *Multipurpose Empanelment Application Form for the year 2008-09* Multipurpose Empanelment Application Form for the year 2008-09 is expected to be hosted on 15th June, 2008. *Everyone is advised to check their last year’s data and fill in all the blank columns and the relevant details. […]
WIRC has launched a new Toll Free Line 180022 8009, Public, Members & Students are requested to take advantage of the new toll free line.
The Institute of Chartered Accountants of India (ICAI) said on Thursday it will launch a course of accounting technicians from April 22 for undergraduate students. “We are launching this course considering that there is a need for second tier of accountants, with so many accounting jobs coming up in the country,” ICAI president Ved Jain told reporters here.
No need to report if transaction is not speculative. Companies may get to avoid reporting losses on derivative contracts provided they can prove that the transaction was a hedge and not speculative in nature. A recent clarification by the Institute of Chartered Accountants of India (ICAI) regarding disclosure norms for derivative contracts had specified that companies would have to disclose mark-to-market losses from such transactions, financial year 2007-08 onwards. Sources now say companies have the leeway to avoid reporting losses on derivative contracts, as there are enough mechanisms in accounting standards that lay out the guiding principles in this regard.
In order to provide more opportunities to eligible audit firms, the existing cycle of four years of continuous statutory central audit in PSBs with compulsory rest of two years will be reduced with prospective effect to a cycle of three years of continuous statutory central audit with compulsory rest of two years. This will be effective from 2006-07 in respect of SCAs appointed in 2006-07 and onwards. The existing continuing auditors will be allowed to complete their four years’ cycle after which they will be rested for a period of two years. The appointment of SCAs will be made on an annual basis, subject to their fulfilling the eligibility norms prescribed by RBI from time to time and also subject to their suitability.
Information relating to allocation of auditors/audit firms to various public sector banks for the year 2007-08 is hosted on the web-site of RBI. While forwarding names of audit firms, banks are advised that not more than three branches may be allotted per audit firm and that they should endeavor to give assignments to all the auditors to the extent possible. It may be noted that it may not be necessary that all the audit firms whose names are forwarded/ recommended by RBI to various banks are allotted branch audit by the respective banks, as sufficiently higher number of audit firms are forwarded to banks in order to enable them to allot audit assignments as per their logistic requirements
In what could be a significant deterrent to corporate frauds, the concept of rotation of partners received a green signal from the apex body for chartered accountants, Institute of Chartered Accountants of India (ICAI), and mandates change of partners after seven consecutive years with a listed company. The step, cleared by ICAI, will be operational from April 2009 and is expected to significantly reduce complexity between individual partners in audit firms and their assigned companies, something that has been a cause behind many of the big corporate frauds to have hit the financial world.
Allahabad Bank Syndicate Bank United Bank of India Vijaya Bank, Bangalore State Bank of India State Bank Of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore 1. M/s N Chaudhuri & Co, Kolkata 2. M/s Rasool Singal & Co., New Delhi 3. M/s Dass Gupta & Associates, New Delhi 4. M/s K.S. Bothra & Co., Kolkata 5. M/s Venkat & Rangaa, Chennai 6. M/s Anand Rungta & Co., Patna
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