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ICAI – Will watchdogs on a tighter leash turn bloodhounds?

Uppermost in the agenda of the new chief of the Institute of Chartered Accountants of India (ICAI), Mr Uttam Prakash Agarwal, is the Satyam problem. “Members should not lose heart but must act proactively to safeguard the interests of all stakeholders,” he calls out to CAs, from the pulpit of ‘The Chartered Accountant’ journal, Ma...

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Posted Under: CA, CS, CMA |

ICAI wants more powers to wash off Satyam stain

In order to restore credibility in the Satyam-tainted work of auditors, the Institute of Chartered Accountants of India (ICAI), the apex body that regulates the profession of chartered accountancy in India, is considering various options, including demanding more powers for itself. “The institute needs to have more teeth and there i...

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Posted Under: CA, CS, CMA |

3 Months’ Residential Programme on Professional Skills Development – ICAI

General Management and Communication Skills- Students of this programme would not be required to undergo GMCS course separately. The course duration to be considered as part of Articled Training- Under Explanation (2) to Regulation 59 (7) of the Chartered Accountants Regulations, 1988 participation in the Three Months’ Residential Progr...

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Posted Under: CA, CS, CMA |

ICAI to set up ratings system for corporate governance

The Institute of Chartered Accountants of India (ICAI) is planning to set up a rating system for corporate governance for listed and unlisted entities. It is aiming to bring in internationally best practices and new code of conduct. The apex statutory body of CAs, established under the Chartered Accountants Act, 1949, is in the process [&...

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Posted Under: CA, CS, CMA |

Accounting firm PWC overhauls Indian operations

The global auditing firm PricewaterhouseCoopers is overhauling its India operations, two months after starting an investigation into fraud at one of its clients here. The auditor, which has nine offices and thousands of clients in India, said Thursday that it would make a number of sweeping changes to “re-emphasize quality.”...

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Posted Under: CA, CS, CMA |

ICAI to form Review Reporting Board to inspect audit reports

The Institute of Chartered Accountants of India (ICAI), the body that regulates the profession of chartered accountancy in the country, plans to set up a board to randomly scan the audit reports of banks, financial institutions and state-owned enterprises to avoid Satyam-like episode. ICAI president Uttam Prakash Agarwal said the new boar...

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Posted Under: CA, CS, CMA |

Former ICAI President Ved Jain & Lawyer O P Vaish appointed nominees on Maytas board

The Government on Thursday appointed former ICAI President Ved Jain and noted tax lawyer O P Vaish on the board of Maytas Infra, a  company promoted by the kin of Satyam Computer founder B Ramalinga Raju. Ved Jain has been appointed director on the board also of Maytas Properties, another company promoted by the Raju […]...

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Posted Under: CA, CS, CMA |

ICAI – A brief report on the meeting with the officials of CBI

ICAI – A brief report on the meeting with the officials of Central Bureau of Investigation held at CBI Headquarter, New Delhi Pursuant to initiatives taken by the Professional Development Committee of the Institute of Chartered Accountants of India, the Central Bureau of Investigation has shown keen interest in the diverse role perf...

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ICAI – Important Announcement – Opening of New Centre at Sri Ganganagar for Chartered Accountants June-2009 Examinations

In partial modification of our Announcements dtd. 6th February , 2009 and 12th February ,2009 , it is hereby notified for the information of general public that a new examination centre at Sri Ganganagar(Rajasthan) stands included in the List of Examination Centres in India for June-2009 examinations. The candidates desirous of appearing ...

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Posted Under: CA, CS, CMA |

Exemptions for Chartered Accountants in Examinations Conducted by Insurance Institute of India : ICAI

This is to inform the members that Insurance Institute of India has decided to grant exemptions in the Licentiate, Associateship and Fellowship papers of its course curriculum to the members of our Institute in general and DIRM qualified members in particular. The exemption has been granted to the members of our Institute from the followi...

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Posted Under: CA, CS, CMA |