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CA body starts bid to integrate profession

The Institute of Chartered Accountants of India (ICAI) has undertaken various initiatives to create a communication link between its members who are practising and those who are employed in the corporate sector. This is to meet the current challenge of  finance functions becoming crucial and a chief finance officer  developing into a ch...

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Posted Under: CA, CS, CMA |

Forensic accounting to prevent white-collar frauds: ICAI

With corporate accounting frauds on the rise, the ICAI has decided to promote forensic accounting to equip chartered accountants with adequate tools to detect white-collar crimes and identify malpractices like money laundering and routing terrorist funds....

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Posted Under: CA, CS, CMA |

EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2009-2010

Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for the year 2009-2010 for appointment as auditors of Government Companies/Corporations. The format of application along-with the detailed instructions regarding the documents to be furnished will be available on our websit...

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Posted Under: CA, CS, CMA |

DATE FOR NOMINATION EXTENDED UPTO 10TH JANUARY, 2009

ICAI Awards 2009 (25th January, 2009) – Do you wish to nominate any leader for the Corporate Awards? DATE FOR NOMINATION EXTENDED UPTO 10TH JANUARY, 2009 These awards are instituted to acknowledge Chartered   Accountants in   industry who have   demonstrated   excellence   in the way in which they conduct their profession, ...

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Posted Under: CA, CS, CMA |

ICAI – CPE Compliance Date Extended To 31 Jan 2009

Deadline of 31st December, 2008 for completion of minimum 20 CPE hours of structured learning for 2008 extended up to 31st January, 2009.Other details follow....

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Posted Under: CA, CS, CMA |

Approval of four more Auditing Standards – ICAI

The Revised Standard on Auditing (SA) 540, 'Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures' provides timely guidance on audit of fair value and accounting estimates in the current times of market uncertainty and liquidity crunch. Accounting estimate is an approximation of a monetary amoun...

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Posted Under: CA, CS, CMA |

ICAI's constitutes committee on public finance

The Institute of Chartered Accountants of India has constituted a committee on Public Finance with the objective of extending a helping hand to the Centre, state and local administrative departments in nation building, an official of ICAI said on Monday. ICAI Programme Director V C James told reporters here, the committee's key objective ...

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Posted Under: CA, CS, CMA |

Suggestion on Schedule VI and Saral Schedule VI for small and medium sized companies

As your good self are aware that the Council at its 280th meeting held from 7th to 9th August 9, 2008, considered the cited matter. After detailed discussion, the Council authorised CA. Vinod Jain, Chairman, CLC to finalize the Schedule VI and Saral Schedule VI for small and medium companies while appreciating the views/suggestions emerge...

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Posted Under: CA, CS, CMA |

Multipurpose Empanelment Form (MEF) – Information regarding association with Public Sector Banks

If you have accepted any concurrent audit, directorship in banks, taking loans from banks, after fiiling of MEF for 2008-09, you have to file form given in the below link so that statutory audit of that bank will not be alloted to you but other bank can be allotted....

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Posted Under: CA, CS, CMA |

ICAI mulls educational TV channel

ICAI is considering broadcasting 12 hour of programming a day for students and its members. It may be mentioned here that CA professionals have to take mandatory 20 hours of training every year. We feel that with increasing base of membership and students in India and overseas we need to have a mass medium. Our own channel will enable us ...

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Posted Under: CA, CS, CMA |