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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 |

Exposure Draft: AS 1 Presentation of Financial Statements

Following is the Exposure Draft of the Accounting Standard (AS) 1, Presentation of Financial Statements, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. AS 1 refers to following ASs which are under formulation:...

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Posted Under: CA, CS, CMA |

ICAI seek applications from start-ups desiring space and facilities

Committee for Members in Industry & Business (CMI&B) of ICAI seek applications from start-ups desiring space and facilities at incubation centre at ICAI Bhawan, BKC, Mumbai INCUBATION CENTRE Committee for Members in Industry & Business (CMI&B) in its endeavour to promote startups by As has launched its first 15 seater inc...

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Posted Under: CA, CS, CMA |

Verify Authenticity of Certificates issued by CAs under UDIN: SBI

State Bank of India has issued a Circular on 18th December 2018 and asked all managers of its Branches to verify Authenticity Of Financial Documents/ Certificates Issued/Certified By Chartered Accountants(CAs) Under ICAI’s Unique Document Identification Number (UDIN) on https://udin.icai.org/?mode=login. Relevant Text of the Circular ...

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Posted Under: CA, CS, CMA |

Latest initiatives of ICAI for reforms in CA Course & Exam System

New Scheme of Education and Training which was launched last year, is also in line with the International Education Standards. Some of the latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System are mentioned below:...

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Posted Under: CA, CS, CMA |

Ind AS Technical Facilitation Group Clarification Bulletin 17

Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance, has recently been amended in certain respects and consequential amendments have been made to certain other Ind ASs vide notification dated 20th September, 2018 (‘the notification’) issued by the Ministry of Corporate Affairs, Government of India....

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Posted Under: CA, CS, CMA |

CAG Empanelment of CA firms/LLPs for year 2019-20

Online Applications are invited from CA firms/LLPs from 1 January 2019 to 15 February 2019 for CAG empanelment for the purpose of appointment as auditors of Government Companies/Corporations for the year 2019-20. OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI – 110 124 Empanelment of Chart...

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Posted Under: CA, CS, CMA |

IIM-Ahmedabad To Conduct Management Training Programmes For CAs

The Institute of Chartered Accountants of India ( ICAI ) has signed a MoU with the IIM Ahmedabad with an object to co-host open-enrolment and customized training programs exclusively for Chartered Accountants. ICAI is a statutory body set up by an Act of Parliament namely, The Chartered Accountant Act, 1949. ICAI is the second largest ac...

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Posted Under: CA, CS, CMA |

ICAI Election: Complete ban on canvassing on days of polling

ANNOUNCEMENT 7th December, 2018 Sub.: Complete ban on canvassing on days of polling Candidates and their supporters may kindly note that Election Code of Conduct continues to be in force on the days of polling and the same will come to an end only upon declaration of results of elections. Further, the Election Code imposes […]...

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Posted Under: CA, CS, CMA |