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Empanelment with SBI of audit firms for concurrent audit of treasury operations

State Bank of India, having its Corporate Centre at Mumbai is India’s leading Public Sector Bank having all India presence, branch network of over 12000 branches is interested in engaging an Audit firm of repute and proven track record to carry out the concurrent audit of its Treasury Operations on an on going basis, initially for a per...

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Posted Under: CA, CS, CMA |

PwC executive director Amrish Shah quits; could see major churn involving senior partners

Professional services firm PriceWaterhouseCoopers India on Tuesday witnessed the exit of executive director (tax practice) Amrish Shah, even as the industry was rife with rumors that the firm, which is the largest in India, could see a major churn involving senior partners. Mr Shah, who is understood to have left due to professional reaso...

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Posted Under: CA, CS, CMA |

Confirmation of particulars for compilation of firms data as on 1st January, 2010 and Information for Firm Constitution Certificate

The Institute compiles data of firms as on 1st January every year based on the particulars as provided by the firms duly confirmed/updated/modified. The exercise for compilation of the data of the firms as on 1st January, 2010 is being undertaken....

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Posted Under: CA, CS, CMA |

ICAI president awarded with the honorary membership of the Certified Practising Accountant of Australia

CA. Uttam Prakash Agarwal, President, the Institute of Chartered Accountants of India (ICAI), has been awarded with the honorary membership of the Certified Practising Accountant of Australia by Prof. Richard Petty, President, CPA Australia Ltd. CPA Australia is one of the largest accounting bodies in Australia. CA. Uttam Prakash Agarwal ...

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Posted Under: CA, CS, CMA | ,

Government rewritten corporate governance rules and tighten norms for CAs

The mammoth fraud at IT major Satyam, involving over Rs 14,000 crore as per CBI, proved to be the most brazen swindling act, forcing the government to re-write corporate governance rules during 2009 and tighten the norms for chartered accountants. While the investigating agencies had a tough time going through voluminous documents to get ...

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Posted Under: CA, CS, CMA |

Date for Completion of CPE Hours for the Calendar year 2009 extended

Announcement regarding extension of date for completion of the mandated CPE hours requirements for the calendar year 2009 in respect of structured learning, for members holding certificate of practice:...

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Posted Under: CA, CS, CMA |

ICWAI decided to increase cost accounting standards significantly within the next one year

Issue of Cost Accounting Standards (CAS) is a pioneering initiative by the Institute of Cost and Works Accountants of India. The first CAS (CAS-1) was issued by the institute in the year 2002. The Preface to CostAccounting Standards issued by the institute has set out the following objectives to be achieved through CAS: to provide better ...

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Posted Under: CA, CS, CMA |

ICAI considering KYC norms to be followed by its members

ALL practicing chartered accountants in the country may now have to keep a close tab on their clients, as the accounting rule-maker , the Institute of Chartered Accountants of India (ICAI), is considering a proposal to devise a set of know your customer (KYC) norms to be followed by its members before taking up business....

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Posted Under: CA, CS, CMA |

ICSI recommended to fix the limit for maximum number of listed companies where one can be a director to seven

The Institute of Company Secretaries of India (ICSI) has recommended to the Government that the maximum number of listed companies where one can be a director be restricted to seven. ICSI has also mooted capping the tenure of independent directors at six years. In its report on ‘Strengthening Corporate Governance Framework' submitted to...

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Posted Under: CA, CS, CMA |

India UK will discuss recognition to ICAI's members by ICAEW and relaxation in Visa Norms

The issues of opening up of accountancy services in India and recognition to Indian accountancy professionals in the UK are likely to get a push at the forthcoming India-UK talks on Corporate Governance. The key issue will be the reciprocal recognition to the members of the Institute of Chartered Accountants of India (ICAI) and its Britis...

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Posted Under: CA, CS, CMA |