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ICAI Practical Training Assessment Test Registration Dates

ICAI Registration for Practical Training Assessment Test on February 3, 2018 The next practical training assessment test is being scheduled on February 3, 2018. The students who have completed their 1st/ 2nd year of practical training during the second, third and fourth quarter of 2018, i.e. April-June, 2018, July-September, 2018 and Octo...

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Posted Under: CA, CS, CMA |

CA Final, CPT, Foundation Nov/Dec 2018 Exam Result on 23.01.2019

Results of the Chartered Accountants Final Examination (Old course & New Course), Foundation Examination and Common Proficiency Test (CPT) held in November/December, 2018 are likely to be declared on Wednesday, the 23rd January 2019 around 6.00 P.M. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] Janua...

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Posted Under: CA, CS, CMA |

Cut-off date for CA students converting from earlier to Revised Scheme

Cut-off date for converting from earlier scheme to Revised Scheme of Education and Training implemented w.e.f. 1st July, 2017 for purpose of eligibility to appear in Foundation / Intermediate / Final examinations being held in May, 2019...

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Posted Under: CA, CS, CMA |

Empanelment of Concurrent Auditors with Syndicate Bank

SYNDICATE BANK Selection of Concurrent Auditors for 2019-20 Information for applicants (Please read the following information before submitting the application) 1) Important Dates for emapnelment with Syndicate Bank Contents1) Important Dates for emapnelment with Syndicate Bank 2) Eligibility Criteria for emapnelment with Syndicate Bank 3...

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Posted Under: CA, CS, CMA |

Exposure Draft Accounting Standard (AS) 18, Revenue

1. The Standard shall be applied in accounting for revenue arising from the following transactions or events: (a) the sale of goods, (b) rendering of services, and (c) the use by others of entity resources yielding interest, royalties and dividends....

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Posted Under: CA, CS, CMA |

Exposure Draft: Accounting Standard (AS) 11 Construction Contracts

The objective of this Standard is to prescribe the accounting treatment of revenue and costs associated with construction contracts. Because of the nature of the activity undertaken in construction contracts, the date at which the contract activity is entered into and the date when the activity is completed usually fall into different acc...

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Posted Under: CA, CS, CMA |

Names of Audit Firms approved for appointment as Statutory Central Auditors of PSU Banks

Names of Audit Firms approved for appointment as Statutory Central Auditors in 21 Public Sector Banks for the year 2018-19 which includes Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental B...

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Posted Under: CA, CS, CMA |

ICAI President's Message- January 2019

ICAI President’s Message for January 2019 covering Polling at ICAI Elections Successfully Concluded, ICAI Initiatives Acknowledged at SAFA Board Meeting, Recent Developments in GST, GST Account Assistant Scheme , ICAI Signs MoU with IIMA, Annual AOSSG Meeting in Singapore, Ireland (Dublin) Chapter to be Opened, Guidance on Resignati...

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Posted Under: CA, CS, CMA |

ICAI defers UDIN implementation to 1st Feb., 2019

To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN w.e.f 1st Feb., 2019 in a phased manner as against the earlier announced date of 1st Jan., 2019 ....

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Posted Under: CA, CS, CMA |

Exposure Draft of AS 37 Provisions, Contingent Liabilities & Assets

Following is the Exposure Draft of the Accounting Standard (AS) 37, Provisions, Contingent Liabilities and Contingent Assets, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. AS 37 refers to following ASs which are under formulation:...

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Posted Under: CA, CS, CMA |