Income Tax : The Income Tax Bill 2025, set to replace the 1961 Act, redefines the role of Chartered Accountants in tax compliance and represent...
CA, CS, CMA : Direct taxation in India is plagued by mishandling, ignorance, and reliance on settlement schemes, risking the financial stability...
CA, CS, CMA : For trainees, the stipend is not merely a financial benefit but an acknowledgment of their hard work and a means to manage their d...
CA, CS, CMA : Learn the pros and cons of shifting to private practice as a Chartered Accountant, with insights on risk tolerance, confidence, de...
CA, CS, CMA : Tragic death of a young employee highlights importance of balancing professional, personal, and social lives, urging businesses to...
CA, CS, CMA : ICAI releases CA Intermediate & Foundation exam results for Jan 2025. Check pass percentages, toppers, and result details. Visit I...
CA, CS, CMA : ICAI announces BoS Series I & II virtual sessions for CA Final May 2025 aspirants, starting March 24 & April 16. Get expert guidan...
CA, CS, CMA : ICAI announces CA Foundation Mock Test Series I & II for May & Sept 2025 exams. Tests start April 22 (Series I) & May 5 (Series II...
CA, CS, CMA : ICAI announces CA Intermediate BoS Exam Series I & II for May 2025 exams. Sessions start March 20 (Series I) & April 8 (Series II)...
CA, CS, CMA : ICAI announces CA Intermediate Mock Test Papers for May 2025 exams. Tests will be held in physical and virtual modes. Check the fu...
Goods and Services Tax : Andhra Pradesh HC stays ICAI decision to remove a Chartered Accountant accused of fake GST invoicing, providing interim relief pen...
CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...
CA, CS, CMA : Delhi High Court rules that ICAI can hold entire CA firms accountable for misconduct, even if individual guilt isn't found. Full j...
CA, CS, CMA : Patna High Court dismisses a Chartered Accountant firm's petition for non-empanelment due to non-compliance with tender conditions...
Goods and Services Tax : Learn about the Delhi High Court's ruling in Svera Agro Ltd. v. Commissioner of Central Tax, stating CA certificates are not neede...
CA, CS, CMA : ICAI corrects formatting errors in CA Firm Merger Guidelines 2024, addressing alignment issues in seniority, partnership firms, an...
CA, CS, CMA : The Board of Discipline reviewed allegations against CA. Upendra Muley, focusing on fraud claims. Findings highlight lack of evide...
CA, CS, CMA : ICAI Board of Discipline finds CA not guilty in a dispute over a No Objection Certificate for a new auditor appointment, citing co...
CA, CS, CMA : ICAI Board of Discipline finds CA Hari Sethumadhavan Nair not guilty in case related to Swan Telecom funding and UAS licenses, cit...
CA, CS, CMA : ICAI Board acquits CA Gautam Doshi, citing lack of evidence and judicial precedents from the 2G spectrum case. Detailed findings a...
The duo, both chartered accountants, had audited the accounts of Global Trust Bank in 2003. ICAI had, based on news reports, alleged that the external auditors had approved suspect accounts and data in RBI’s annual financial inspection (AFI) report, ordered that an inquiry be conducted by the disciplinary committee for alleged professional misconduct.
The 1.5 lakh-member strong chartered accountants’ profession could witness a big showdown. UTVi learns that the accounting regulator, Institute of Chartered Accountants of India (ICAI), has issued notices to the big four accounting firms – KPMG,PwC, E&Y and Deloitte — asking them to provide exhaustive information on their international affiliations. The regulator has also asked […]
It may now be easier for exporters to borrow money at a cheaper rate under the discount scheme offered by the government in select sectors. RBI, the country’s apex financial institution, is planning to do away with the mandatory requirement of submitting audit certificates from chartered accountants establishing the product being exported to avail the […]
Though the government has initiated the process of registering Limited Liability Partnership (LLP) firms, it would take a while before the chartered accountant (CA), company secretary (CS) and cost accounting firms convert to LLPs. The three regulators — Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of […]
In a significant development, former Satyam Computer CFO Vadlamani Srinivas has told representatives of the Institute of Chartered Accountants of India (ICAI) — the apex regulatory body for chartered accountants in India — that auditors S Gopalakrishnan and Talluri Srinivas of audit firm Price Waterhouse had no role to play in the fraud, as they […]
The legal consultants Handoo and Handoo have become the first Limited Liability Partnership firm of India, a new form of business structure where the partners’ liability is limited to the extent of their stake, introduced by the governemnt from April 1. Delhi-based R K Handoo and Associates is the first LLP that has opted for the LLP form of entity. […]
Corporates are now breathing easy with the government deferring compliance with provisioning in their balance sheets of forex losses and gains on mark-to-market basis till 2011, but partnership firms are not as fortunate as they have to abide by this norm.
The global & national economic environment has in recent times been featured by the turbulences on the financial scenario following the unearthing of the frauds and procedural and financial malpractices. The credibility of the opinion expressed by the auditors on the independent review of financial statements and records have come under close scrutiny. All these […]
National Advisory Committee on Accounting Standards (NACAS) may have favoured suspension of mark-to-market accounting norms on foreign exchange transactions for corporate sector for two years, but Institute of Chartered Accountants of India (ICAI) is in no mood to suspend the accounting standards (AS) 11 provision. ICAI president Uttam Prakash said here that he was not […]
The Institute of Company Secretaries of India (ICSI) has given a clean chit to the the company secretaries, G Jayaraman, global head of corporate governance and Savita Jyoti, practicing company secretary of Satyam Computers on their role in the accounting fraud. NK Jain, secretary, ICSI told FE, “On the basis of the investigation done by […]
