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 : Explore the 20 common reasons students fail CA exams and how to improve for success. Learn key strategies for effective preparatio...
CA, CS, CMA : Learn how articleship training under a Chartered Accountant equips CA students with practical skills, preparing them for exams and...
Fema / RBI : Learn the key practices for becoming proficient in Bank Concurrent Audit. Focus on investment, documentation, and system understan...
CA, CS, CMA : ICAI BoS offers virtual prep sessions, Series I and II, for CA Intermediate students. Starts 29th Nov 2024. Boosts subject insight...
CA, CS, CMA : ICAI BoS Mock Test Series for CA Intermediate begins 18 Nov 2024. Available in physical and virtual modes to aid Jan 2025 exam pre...
CA, CS, CMA : ICAI announces Mock Test Series I & II for CA Foundation Jan 2025. Test papers available online and offline. Access via BOS portal...
CA, CS, CMA : Check the list of candidates for the ICAI Council and Regional Council elections to be held in December 2024, available for genera...
CA, CS, CMA : The ICAI 2024 elections will follow the Single Transferable Vote system. Learn how it works and where to vote....
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 : Supreme Court upholds ICAI’s limit of 60 tax audits per CA, validating it as a reasonable restriction under Article 19(1)(g) of ...
CA, CS, CMA : Ministry of Corporate Affairs amends Chartered Accountants Act, appointing Dr. Anju Rathi Rana as presiding officer of Election Tr...
CA, CS, CMA : ICAI suspends CA T.M. Jeyachandran for 30 days due to misconduct related to forged documents and involvement in a disproportionate...
CA, CS, CMA : ICAI fines CA Vijaya Mohan Valiathan Rs. 10,000 for failing to obtain a No Objection Certificate from previous auditor before acc...
CA, CS, CMA : The Board of Discipline found CA K M Ramakrishnan guilty of misconduct, leading to a 15-day suspension for backdating his resignat...
CA, CS, CMA : CA Anand K. found guilty of professional misconduct for not notifying the previous auditor before accepting a new audit assignment...
Janakalyan Sahakari Bank Ltd. invites applications from Chartered Accountant/Cost Accountant firms for appointment of Concurrent Auditors to conduct audits of its branches from 1st July 2023 to 30th June 2024.
Learn how to apply for empanelment as a Concurrent Auditor with J&K Bank for year 2023-24. Find eligibility criteria, guidelines for filling online application, and terms of engagement for Concurrent Auditors.
Directorate of Enforcement (ED) has taken a significant step in the Shakti Bhog Foods money laundering case by provisionally attaching 59 immovable and movable properties worth Rs. 28.67 Crore. The attachment has been made under the Prevention of Money Laundering Act (PMLA) and involves individuals such as Sunil Dhupar, former CA and statutory auditor of […]
Bank of Baroda has announced the appointment of Chartered Accountancy firms for concurrent audit assignments. This article provides an overview of the units and branches for which the appointments are being made, along with important details such as the duration of the audit and submission deadlines. 1. The appointment of 1 Chartered Accountancy Firm each […]
Institute of Chartered Accountants of India (ICAI) has issued notifications regarding the removal of CA Basudeb Mukhopadhyay and CA Subodh Kumar Maheshwari from the Register of Members. These disciplinary actions have been taken based on findings of professional misconduct and other misconduct, as determined by the Disciplinary Committee of the ICAI. CA Basudeb Mukhopadhyay, whose […]
Delhi High Court has directed readjudication in the case of Praveen Bansal Vs ITO, stating that the assessment order under Section 148A(b) of the Income Tax Act is not valid if the escaped income is below Rs. 50 lakhs.
Institute of Cost Accountants of India (ICAI) issues a circular discontinuing the usage of the acronym ‘ICAI‘ as directed by the Hon’ble High Court of Delhi. The circular mandates the removal of all references to ‘ICAI‘ and the adoption of the acronym ‘ICMAI‘ across physical and virtual platforms. This decision comes after the Institute of […]
Explore the need for a Balance Confirmation Portal in auditing, a collaborative effort by ICAI and IBA to enhance audit integrity. Learn how it addresses challenges, reduces risks, and streamlines the external confirmation process, citing historical frauds like the SATYAM Scandal. The proposed portal aims to provide standardized, transparent, and cost-free access to information from public sector banks initially, with plans for future expansion. Stay informed about this innovative solution shaping the future of auditing.
Karnataka State Chartered Accountants Association (R.) addresses the significant issue of delay in income tax refunds. Read their comprehensive representation highlighting the challenges faced by taxpayers and suggestions for improvement.
National Financial Reporting Authority (NFRA) issues an order imposing a penalty on CA Gautam Guha of Rupees One Lakh (Rs. 1,00,000) for failure to report the non-compliance of M/s Nicco Uco Alliance Credit Limited with Accounting Standards (AS). The NFRA initiates an investigation into the role of statutory auditors based on irregularities observed in the […]
