chartered accountants

Importance of DISA (Diploma in Information System Audit) for a practicing Chartered Accountant

CA, CS, CMA - Being a Auditor, DISA qualification will be must down the line may be 2 to 3 years. Reason is simple, most of the organisations will be system driven where all the processing and controls will be integrated through computers. ...

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Raising finger on exam evaluations conducted by ICAI- Don’t be disheartened

CA, CS, CMA - There have been lot many controversies and chatters around about the system/ protocols that are being followed by India’s premier accounting body i.e. ICAI. When I personally visualise myself about the issues that have been discussed a lot in this front, I realised that there are some gaps between what is right and what has […]...

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Meet N Saroja Ramachandran who Completed CA at the Age of 59

CA, CS, CMA - We are presenting below story of N Saroja Ramachandran who has Cleared Chartered Accountancy examinations at the age of 59 and become An inspiration for all who are pursuing Chartered Accountancy Course in her own words:- At the outset, I thank the Almighty & my family for having been there with me throughout this Chartered […]...

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CA- Condiments for Starting Practice

CA, CS, CMA - I started out my practice as Chartered Accountant with a very idealistic view of the profession. I did my article ship from a small firm in a small town wherein the major experience was reconciling trial balances in the audit. My income tax experience was limited to preparation of expenditure details, tagging of the balance […]...

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ICAI Upcoming Elections – a dilemma for a POOR VOTER

CA, CS, CMA - Election, election and election…Now a day’s every candidate is trying to lure his/her candidature in such a fashion that he/ she would be the reservoir of all talent/ expertise to take our profession into the next level. Every now and then it seems like we as a professional needs someone who can really understand us […]...

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CGST Thane arrests Chartered Accountant & Two Traders for GST Evasion

CA, CS, CMA - The Anti Evasion wing of CGST Thane Commissionerate, Mumbai arrested three persons on 05.09.2018 for issuing bogus invoices worth hundreds of crores to avail fraudulent input tax credit (ITC) amounting to Rs. 60 Crore (Approx)....

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Vacancies with Bank of Maharashtra for 50 CAs / CMAs

CA, CS, CMA - Bank of Maharashtra have vacancies for 50 Chartered Accountants / Cost & Management Accountants.  Candidate should be of Minimum 20 Years of age and Maximum of 30 years.  As post qualification experience is not stipulated, fresh candidates also can apply. Full details are as follows :- BANK OF MAHARASHTRA (A GOVERNMENT OF INDIA UNDE...

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ICAI President’s Message – September 2018

CA, CS, CMA - MCA to update KYC of Directors: ICAI has thoroughly supported the Government in its initiatives to update its registry, wherein the Ministry of Corporate Affairs would be conducting KYC of the Directors of all companies annually through a new e-form, viz. DIR-3 KYC. ...

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ICAI Practical Training Test and Registration Dates

CA, CS, CMA - The Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. To begin with, the tests are being scheduled on September 23, 2018 and October 21, 2018. The students who have completed their 1st/ 2nd year of practical training during the second quarter of […]...

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RFP for Appointment of Firm of CAs with General Insurance Corporation of India

CA, CS, CMA - Request For Proposal (RFP) / E-Tender For Appointment Of Firm Of Chartered Accountants For Certification Of Investment Risk Management Systems & Process (IRMSP) by General Insurance Corporation of India General Insurance Corporation of India Suraksha, 170, J. Tata Road, Churchgate, Mumbai – 400 020. Phone -> +9122 22867730 E-mail...

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Technical error cannot be treated as Professional Misconduct or gross negligence

Ramchandra Y. Kulkarni Vs Disciplinary Committee of icai (Appellate Authority) - Ramchandra Y. Kulkarni Vs Disciplinary Committee of icai (Appellate Authority) complainant is an Asset Reconstruction Company and the only grievance of the Complainant is that the Appellant who was auditor of M/s AV Forging Private Limited, a company which had taken loans from M/s Axis Bank amountin...

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Not reporting as per revised 3CD report is Professional Misconduct

Ishaq Esmail Lakkadghat Vs Income Tax officer (Appellate Authority) - Being aggrieved by the Report dated 14thOctober, 2015 and Order dated 27 th May, 2017 (Impugned Order), passed by the Disciplinary Committee of the Institute of Chartered Accountants of India under Section 21B (3) of the Chartered Accountants Act, 1949 read with Rule 19 (1) of the Chartered Accoun...

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AA confirms Punishment to CA for failure to exercise due diligence

V. Ajay Vs Disciplinary Committee (ICAI) - V. Ajay Vs Disciplinary Committee, ICAI (Appellate Authority) 1. This Order deals with the above mentioned two appeals filed by the Appellant before this Authority. First appeal has been filed against an Order dated 20th January, 2017, passed by the Disciplinary Committee of the Institute of Char...

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CA held guilty of arranging Bogus Bills through Dummy Concerns

Durga Prasad Sarda Vs. ICAI (Appellate Authority) - Appellant was undoubtedly involved in arranging bogus bills through dummy concerns and charged commission for the same and therefore he was rightly held guilty under the aforementioned clauses for committing the Professional and Other Misconduct by the Board of Discipline of the Institute of Charter...

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Delhi HC dismisses petition against CA Final Result Controversy

Milind Agarwal And Ors. Vs. ICAI (Delhi High Court) - A perusal of the Regulation 39(2) in itself shows that the council has been granted a discretion to revise the marks obtained by the candidates in any particular paper/papers or aggregate, as may be considered necessary for maintaining the standards of passed percentage...

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80 Vacancy with MCA for CA, CS and CMA

No3A-45011/15/2018-Admn.1 - (11/07/2018) - Ministry proposes to engage a total number of 80 Young Professionals (41 Chartered Accountants/Cost Accountants and 39 Company Secretaries) at different places as indicated at enclosed Annexure....

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Govt. constitutes expert Group to look issues related to Audit firms

F. No. 17/112/2016-CL-V - (30/09/2016) - Several audit firms have represented about adverse impacts on Indian audit firms due to the structuring of certain audit firms leading to circumvention of various regulations, manner in which auditor rotation requirements is being implemented by companies, and imposition of restrictive conditions by...

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ICAI takes action against 4 Members for Misconduct

Notification No. DD/141/11/BOD/144/2013, DD/3/S/INF/11/DC/232/2012 , DD/174/10/DC/320/2014, No. DD/70/09/DC/127/2010 and DD/73/09/DC/128/2010 - (06/06/2016) - ICAI has vide its Notifications dated 06th June 2016 notified the action taken for Professional and Other Misconduct rules against Ms. Sunita Shamsunder Narang (Membership No. 046574), Shri N. Sundararajan (Membership No. 021341),Shri D. Sundararajan (Membership No. 010150) and Shri Mahendra Kumar H...

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ICAI held 2 CAs guilty of Other professional Misconduct

No. DD/50/11/DC/263/2013 & No. DD/6/N/INF/10/BOD/117/13 - (09/05/2016) - Shri Pawan Kumar Gulati (Membership No. 095137), Chartered Accountant, 569, J.P. Nagar, Jalandhar – 144 002 has been held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of the Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered fo...

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Vacancy for CA, CS, CWA, LL.B. & Freelancer at Taxguru

NA - TAXGURU.IN is a unique and focused portal on taxation, Accounting, Finance, Audit and Corporate law. We are currently providing all news and analysis on taxation, Accounting, Finance, Audit and Corporate law covering virtually the entire spectrum of taxation....

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Recent Posts in "chartered accountants"

Importance of DISA (Diploma in Information System Audit) for a practicing Chartered Accountant

Importance of DISA for a practicing CA

Being a Auditor, DISA qualification will be must down the line may be 2 to 3 years. Reason is simple, most of the organisations will be system driven where all the processing and controls will be integrated through computers. ...

Read More
Posted Under: CA, CS, CMA |

Raising finger on exam evaluations conducted by ICAI- Don’t be disheartened

There have been lot many controversies and chatters around about the system/ protocols that are being followed by India’s premier accounting body i.e. ICAI. When I personally visualise myself about the issues that have been discussed a lot in this front, I realised that there are some gaps between what is right and what has […]...

Read More
Posted Under: CA, CS, CMA |

Meet N Saroja Ramachandran who Completed CA at the Age of 59

We are presenting below story of N Saroja Ramachandran who has Cleared Chartered Accountancy examinations at the age of 59 and become An inspiration for all who are pursuing Chartered Accountancy Course in her own words:- At the outset, I thank the Almighty & my family for having been there with me throughout this Chartered […]...

Read More

Technical error cannot be treated as Professional Misconduct or gross negligence

Ramchandra Y. Kulkarni Vs Disciplinary Committee of icai (Appellate Authority)

Ramchandra Y. Kulkarni Vs Disciplinary Committee of icai (Appellate Authority) complainant is an Asset Reconstruction Company and the only grievance of the Complainant is that the Appellant who was auditor of M/s AV Forging Private Limited, a company which had taken loans from M/s Axis Bank amounting to Rs. 22.70 Crores approximately, whi...

Read More

CA- Condiments for Starting Practice

I started out my practice as Chartered Accountant with a very idealistic view of the profession. I did my article ship from a small firm in a small town wherein the major experience was reconciling trial balances in the audit. My income tax experience was limited to preparation of expenditure details, tagging of the balance […]...

Read More
Posted Under: CA, CS, CMA |

ICAI Upcoming Elections – a dilemma for a POOR VOTER

Election, election and election…Now a day’s every candidate is trying to lure his/her candidature in such a fashion that he/ she would be the reservoir of all talent/ expertise to take our profession into the next level. Every now and then it seems like we as a professional needs someone who can really understand us […]...

Read More
Posted Under: CA, CS, CMA |

CGST Thane arrests Chartered Accountant & Two Traders for GST Evasion

The Anti Evasion wing of CGST Thane Commissionerate, Mumbai arrested three persons on 05.09.2018 for issuing bogus invoices worth hundreds of crores to avail fraudulent input tax credit (ITC) amounting to Rs. 60 Crore (Approx)....

Read More
Posted Under: CA, CS, CMA |

Vacancies with Bank of Maharashtra for 50 CAs / CMAs

Bank of Maharashtra have vacancies for 50 Chartered Accountants / Cost & Management Accountants.  Candidate should be of Minimum 20 Years of age and Maximum of 30 years.  As post qualification experience is not stipulated, fresh candidates also can apply. Full details are as follows :- BANK OF MAHARASHTRA (A GOVERNMENT OF INDIA UNDE...

Read More
Posted Under: CA, CS, CMA |

CA- In The Line of Regulators Fire

CA’s are in a position where all are aiming their gun towards them. If CAs moves into their line of fire, they move into a position between them and the thing they were aiming at. The circumstances are not the same as of five years back....

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Posted Under: CA, CS, CMA |

CA – Scale of Fees for Work Done

A Chartered Accountant is a highly qualified and skilled finance professional possessing high numerical and accounting proficiency, strong analytical skills, expert knowledge on taxation and corporate laws, and most importantly, has an authority to perform financial statement audit which gives him a virtual monopoly in the area of the aud...

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Posted Under: CA, CS, CMA |

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