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ICAI approved formation of a Directorate of Accounting Technicians

The Executive Committee of the Institute of Chartered Accountants of India (ICAI) in its meeting held on 8th June 2009 has decided to approve formation of a Directorate of Accounting Technicians (ATs) within ICAI to provide singular and unified focus on the development of Accounting Technicians as an independent certification amongst al...

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Posted Under: CA, CS, CMA |

Additional comm. and registrar Manohar Tribhuvan caught red-handed while accepting bribe

Additional commissioner and registrar Manohar Bhagaji Tribhuvan (54) of the State Co-operation Department was on Monday evening caught red-handed by ACB officials, Pune unit, while accepting a bribe of Rs 1.5 lakh from a chartered accountant near the Pune railway station. Tribhuvan, in charge of inspection and election in the department, ...

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Posted Under: CA, CS, CMA |

Chartered Accountants can Create WEBSITE on PD portal of ICAI

Dear Member, We are happy to share with you that ICAI have launched newly revamped Professional Development Portal, www.pdicai.org of the Institute of Chartered Accountants of India. This site has been designed to provide members with all the information that they need to enrich their own practice and provide value added services to t...

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Posted Under: CA, CS, CMA |

Relaxation in cut off date for registration of CS Executive Programme Examinations

RELAXATION IN CUT-OFF DATE The actual cut-off date for acceptance of Registration Applications relating to Executive Programmefor appearing in one module in December, 2009 Session of Examinations is 31st May, 2009. However, in view of the fact that the said date is falling on an official holiday (Sunday),the next working day i.e. 1st Jun...

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Posted Under: CA, CS, CMA |

HC stayed disclosure of answer sheets of CA examination under RTI

While considering an appeal filed by a student of the Chartered Accountants Examination under the Right to Information Act, 2005, the Central Information Commission recently ordered for supply of certified copies of the answer sheets of a student concerned which was also later confirmed by the Learned Single Judge of Hon'ble Delhi High Co...

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Posted Under: CA, CS, CMA |

ICAI – Announcement on Organising National/ State/ District level Masters' Trainers Workshop on LLP

The Limited Liability Partnership Act, 2008 is one of the path breaking initiative of the Ministry of Corporate Affairs. The Limited Liability Partnership Act, 2008 (LLP Act) received the assent of the President on the 7th January, 2009 and most of the sections of the Act have been notified on 31st March 2009. The Ministry […]...

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Posted Under: CA, CS, CMA |

ICAI asked banks to hire qualified auditors instead of chartered accountants who render ‘compilation engagement’ services

Accounting regulator, Institute of Chartered Accountants of India (ICAI) has asked the private and public-sector banks to hire the services of qualified auditors instead of chartered accountants who render ‘compilation engagement’ services. In a compilation engagement, a chartered accountant uses his accounting expertise as opposed to...

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Posted Under: CA, CS, CMA |

ICAI will update accounting norms for oil and gas industry

The Institute of Chartered Accountants of India (ICAI) will soon update the accounting norms for oil and gas industry to keep pace with the technological developments in the sector. “We issued guidelines for oil and gas industry in 2003. But since then a lot of technological improvement has taken place. Therefore, we are revising ...

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Posted Under: CA, CS, CMA |

Empanelment of faculty members for training CA students

  Empanelment of faculty members for training CA students for the Examination The Board of Studies invites applications from faculty members for associating themselves with training of CA students for the examination. Such training would be organized by the Regional Councils and Branches of the ICAI. Interested persons are requested to s...

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Posted Under: CA, CS, CMA |

Govt ask RBI to continue appointing auditors for PSU Banks

The government has turned down a proposal of the Reserve Bank of India (RBI) to allow public sector banks to select auditors independently. Last year, RBI had made the proposal to the finance ministry, which forwarded it to the Ministry of Corporate Affairs (MCA), the nodal body for auditors. The proposal was in line with […]...

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Posted Under: Fema / RBI |