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 effective resume crafting and interview tips to improve job prospects. Personalize your resume, prepare for interviews, and ...
CA, CS, CMA : Learn how IND AS 2 defines inventory, valuation methods like FIFO, NRV, and cost allocation rules. Simplify inventory management w...
CA, CS, CMA : Learn how IND AS 37 guides accounting for provisions, contingent liabilities, and contingent assets. Ensure transparency in uncert...
CA, CS, CMA : Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing pr...
CA, CS, CMA : Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capi...
CA, CS, CMA : ICAI introduces CA GPT platform, featuring 5,000 annual reports of listed companies for easy access and analysis by Chartered Acco...
CA, CS, CMA : Join the free webinar on Dec 1, 2024, to explore top finance courses beyond CA, CS, and CMA. Learn from expert CA Bhupesh Anand. R...
CA, CS, CMA : ICAI reschedules CA Foundation exam on 14th January 2025 to 16th January 2025 due to festivals. Intermediate exam dates remain unc...
CA, CS, CMA : ICAI signs MoU with CBSE to promote commerce-based skill courses in the BFSI sector, enhancing student employability through speci...
CA, CS, CMA : ICAI ARF invites applications from Chartered Accountants for a government finance project in Tamil Nadu. Apply by November 30, 202...
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 : Learn about ICSI's recent decisions on governance, infrastructure, amendments, and student initiatives from its 312th Annual Counc...
CA, CS, CMA : MCA amends Cost Accountants Act, appointing Dr. Anju Rathi Rana as presiding officer of the Election Tribunal. Effective from the ...
CA, CS, CMA : Ministry of Corporate Affairs amends Chartered Accountants Act, appointing Dr. Anju Rathi Rana as presiding officer of Election Tr...
CA, CS, CMA : ICAI's 75th Annual Report highlights its journey of excellence, global impact, and contribution to India’s growth. Key initiativ...
CA, CS, CMA : ICAI suspends CA T.M. Jeyachandran for 30 days due to misconduct related to forged documents and involvement in a disproportionate...
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
Important Announcement for Members- CPE Credit Requirements for Members of the Institute :We would like to inform the members, the CPE Credit Requirements for the rolling period of three years starting from the calendar year 2008 as given below:CPE Credit Requirements for members of the Institute All the members who are holding Certificate of Practice (except those members who are residing abroad), unless exempted, are required to
