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Indian Accounting Standard (Ind AS) 10

Indian Accounting Standard (Ind AS) 10 Events after the Reporting Period# (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective 1 The objective of this Standard is to prescribe: (a) When an entity should adjust its ...

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Posted Under: CA, CS, CMA |

Indian Accounting Standard (Ind AS) 8

Indian Accounting Standard (Ind AS) 8 Accounting Policies, Changes in Accounting Estimates and Errors# (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective 1 The objective of this Standard is to prescribe the crit...

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Posted Under: CA, CS, CMA |

Indian Accounting Standard (Ind AS) 7

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows# (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective Information about the cash flows of an entity is useful in providing users of financial statements...

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Posted Under: CA, CS, CMA |

Indian Accounting Standard (Ind AS) 2

Indian Accounting Standard (Ind AS) 2 Inventories# (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles.) Objective 1 The objective of this Standard is to prescribe the accounting treatment for inventories. A primary is...

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Posted Under: CA, CS, CMA |

Indian Accounting Standard (Ind AS) 1

Indian Accounting Standard (Ind AS) 1 Presentation of Financial Statements# (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles). Objective 1 This Standard prescribes the basis for presentation of general purpose financial st...

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Posted Under: CA, CS, CMA |

ICAI Advisory on unauthorised use of Trademark ‘ICAI’

Mark 'ICAI' which is the acronym of the Institute has acquired a distinctive character and as it exclusively considered to be associated with Identity of Institute of Chartered Accountants of India (ICAI)....

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Posted Under: CA, CS, CMA |

Further extensions of validity of Peer Review Certificate- Reg.

Peer Review Board has granted further extension to Practice Units mentioned at Point no. C hereunder. These should be read in conjunction with the Announcement dated 30.3.2020 which had already covered cases at point no. A and B....

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Posted Under: CA, CS, CMA |

Covid-19 Lockdown- ICAI’s Initiatives For Members, Students & Firms

ICAI is expected to forgo more than 100 crore of receipt from Members and students in the form of highly subsidized certificate courses, availability of free CPE Hours, virtual courses/classes, scholarships etc. to stand together in the hour of crisis....

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Posted Under: CA, CS, CMA |

Check CAG Provisional empanelment status

Empanelment with the O/o C&AG of India for the year 2020-2021 The status of provisional Empanelment along with the provisional score points with respect to the Chartered Accountant firms/LLPs firms who have applied for empanelment with O/o C&AG of India for the year 2020-21 will be available from May 28th, 2020 to June 04th, 2020 ...

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Posted Under: CA, CS, CMA |

Establishment of Center for Audit Quality by ICAI

The profession of accountancy and auditing throughout the world is regulated and licenses are granted by the Regulator/Sovereign to the auditors to ensure probity in financial statements. The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartere...

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Posted Under: CA, CS, CMA |