Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...
CA, CS, CMA : Delve into the CRB Scam case study of 1996, exposing loopholes exploited by Bhansali, implications on public funds, and the vital ...
CA, CS, CMA : Discover the Supreme Court's ruling on ICAI's 60 tax audits limit per Chartered Accountant, its implications, and future impact on...
CA, CS, CMA : For a ethical CA Practice, following factors play a very important role:- FAITH As faith is a belief, trust is an action, Even a d...
CA, CS, CMA : Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into reg...
Goods and Services Tax : KSCAA urges FM Nirmala Sitharaman to reduce mandatory pre-deposit for GST appeals, addressing financial strain and clarifying ambi...
Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...
Income Tax : Read CAASs recommendations for fair tax audit allocation, ensuring auditor independence and quality. They suggested automated allo...
CA, CS, CMA : Apply for IOB Concurrent Audit Empanelment 2024-25. Eligibility: RBI panel auditors, 2 years' bank audit experience, FCA, CISA/DIS...
CA, CS, CMA : Apply for J&K Grameen Bank Concurrent Audit Empanelment 2024-2025. Details for CA Firms and Bank Retirees. Last date: 24th June 20...
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 : Supreme Court upholds ICAI’s limit of 60 tax audits per CA, validating it as a reasonable restriction under Article 19(1)(g) of ...
Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...
Income Tax : Seramudali Kabeer Hamidali's delay in filing ITR due to CA's illness and demise is condoned by Madras HC, setting aside rejection ...
CA, CS, CMA : Despite concerns over elections, Delhi High Court rejects plea to delay CA exams. Detailed analysis of the judgment provided....
CA, CS, CMA : Board of Discipline finds CA Sashi Kant Khetan not guilty of misconduct in a case involving alleged financial irregularities and s...
CA, CS, CMA : Board of Discipline finds CA Jayant Kumar Harlalka not guilty of professional misconduct in case filed by Shri Balwant Prasad Sing...
CA, CS, CMA : Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, ch...
CA, CS, CMA : Explore the ICAI Board of Discipline's ruling on an audit dispute where the respondent's communication via registered post was dee...
CA, CS, CMA : The ICAI's Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and othe...
Explore the impact of SAS 700, a comprehensive social audit framework, on promoting rural sports, nationally recognized sports, Paralympic sports, and Olympic sports. Discover the evaluation process, key metrics, challenges, and areas for improvement in sports development initiatives. Gain insights into the significance of sports in India’s education system and the government’s initiatives to support athletes.
Draft SRS 4400 (Revised), Agreed-Upon Procedures Engagements pplies to the performance of agreed-upon procedures engagements on financial or non- financial subject matters. (Ref: Para. A1–A2)
Draft SA 540 (Revised), Auditing Accounting Estimates and Related Disclosures deals with the auditor’s responsibilities relating to accounting estimates and related disclosures in an audit of financial statements.
Draft SA 315 (Revised), Identifying & Assessing Risks of Material Misstatement deals with the overall objectives of the auditor in conducting an audit of the financial statements, including to obtain sufficient appropriate audit evidence to reduce audit risk to an acceptably low level. Audit risk is a function of the risks of material misstatement and detection risk. SA 200 explains that the risks of material misstatement may exist at two levels: the overall financial statement level; and the assertion level for classes of transactions, account balances and disclosures.
Draft SA 250 (Revised), Consideration of Laws & Regulations in an Audit of Financial Statements deals with the auditor’s responsibility to consider laws and regulations in an audit of financial statements. This SA does not apply to other assurance engagements in which the auditor is specifically engaged to test and report separately on compliance with specific laws or regulations.
Draft SA 220 (Revised), Quality Management for an Audit of Financial Statements deals with the specific responsibilities of the auditor regarding quality management at the engagement level for an audit of financial statements, and the related responsibilities of the engagement partner. This SA is to be read in conjunction with relevant ethical requirements. (Ref: Para. A1, A38)
Draft SQM 2, Engagement Quality Reviews applies to all engagements for which an engagement quality review is required to be performed in accordance with proposed SQM 1.2 This SQM is premised on the basis that the firm is subject to proposed SQM 1. This SQM is to be read in conjunction with relevant ethical requirements.
Draft SQM 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements deals with a firm’s responsibilities to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements.
Read the notifications from the Institute of Chartered Accountants of India (ICAI) regarding the removal of names of Chartered Accountants (CAs) due to professional misconduct. Find out the duration of removal and penalties imposed.
Get the latest updates on the syllabus and legislative amendments applicable for ICAI’s December 2023 Foundation Course Examination, including detailed guidelines for Papers 2, 3, and 4.
