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Professional Misconduct in Tax Audits: Navigating 60-Tax Audit Rule

CA, CS, CMA : Understand the 60-tax audit rule for Chartered Accountants, its exceptions, and its implications on professional conduct and ethic...

July 16, 2024 1086 Views 0 comment Print

Importance of caution when sharing Your Financial Data with tax professionals

CA, CS, CMA : Protect your financial data when sharing with tax professionals. Learn the risks, precautions, and alternative methods for secure ...

July 9, 2024 852 Views 0 comment Print

A Poetic Tribute to the CA Day by Proud CA

CA, CS, CMA : In celebration of Chartered Accountants and their indispensable role in business and society, we present a heartfelt poetic tribut...

July 1, 2024 636 Views 0 comment Print

Representation Regarding Upgrades on Karnataka Professional Tax Website

Goods and Services Tax : KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user exper...

June 20, 2024 324 Views 0 comment Print

Case Study on Bhansali Scam

CA, CS, CMA : Delve into the CRB Scam case study of 1996, exposing loopholes exploited by Bhansali, implications on public funds, and the vital ...

June 7, 2024 2289 Views 0 comment Print


Latest News


ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam

CA, CS, CMA : Stay updated with ICAI BoS Publications for September 2024 exams. Analysis of Foundation and Intermediate course subjects' edition...

July 15, 2024 573 Views 0 comment Print

CA Final & Intermediate May 2024 exam Pass percentage & Toppers

CA, CS, CMA : ICAI announces May 2024 CA Final and Intermediate exam results. Check pass percentages and top rankers. Congratulations to all suc...

July 11, 2024 22470 Views 1 comment Print

Empanelment of Faculty/Experts with ICAI for Self-paced Online Modules

CA, CS, CMA : ICAI seeks Chartered Accountants and Professionals with 10+ years of teaching experience to record e-lectures for Self-Paced Onlin...

July 8, 2024 297 Views 0 comment Print

ICAI Issues 27 AS, 39 IND-AS, 46 E&Q, 8 Valuation, 22 Internal Auditing Standards

CA, CS, CMA : ICAI, has issued 27 Accounting Standards, 39 IND-AS, 46 Engagement and Quality Standards, 8 Valuations Standards, 22 Internal Audi...

July 6, 2024 3702 Views 0 comment Print

Empanelment with Bank of India for Concurrent Audit

CA, CS, CMA : Bank of India invites applications from eligible CA firms for empanelment as Concurrent Auditors. Check eligibility criteria and a...

July 5, 2024 108061 Views 7 comments Print


Latest Judiciary


CA Barred for Five Years by NCLT for Failing Duties as Statutory Auditor

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...

July 16, 2024 2259 Views 0 comment Print

ICAI can Proceed Against whole Firm if One Member cannot be held Responsible: HC

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...

July 10, 2024 4050 Views 0 comment Print

Non-empanelment due to non-compliance with tender conditions: Patna HC Dismisses CA Firm’s Petition

CA, CS, CMA : Patna High Court dismisses a Chartered Accountant firm's petition for non-empanelment due to non-compliance with tender conditions...

June 30, 2024 213 Views 0 comment Print

CA Certificate not required to claim refund of unutilized ITC: Delhi HC

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...

June 25, 2024 876 Views 0 comment Print

SC upholds Restriction on Number of Section 44AB Tax Audit imposed by ICAI 

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 ...

May 23, 2024 1131 Views 0 comment Print


Latest Notifications


Non-reporting of violations in audit report: MCA imposes Penalty on CA

Company Law : Learn about MCA's penalty for failure to report violations in audit reports under Section 143 of the Companies Act, 2013. Detailed...

July 13, 2024 693 Views 0 comment Print

Partnership Act 1932: Auditing Not Mandatory Before Sharing Firm Financials with legal heirs

CA, CS, CMA : Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analy...

July 13, 2024 309 Views 0 comment Print

NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

Corporate Law : Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vika...

July 6, 2024 546 Views 0 comment Print

ICAI removes name of 14 members for Professional Misconduct

CA, CS, CMA : Read about recent disciplinary actions by ICAI removing members from the register due to professional misconduct. Understand impli...

June 28, 2024 1419 Views 0 comment Print

First Auditor not required to obtain NOC from Other Auditor: ICAI DC

CA, CS, CMA : Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, ch...

June 12, 2024 1035 Views 0 comment Print


CA Cleared of Financial Irregularities and Shell Company Allegations: Insufficient Evidence Found

May 30, 2024 912 Views 0 comment Print

Board of Discipline finds CA Sashi Kant Khetan not guilty of misconduct in a case involving alleged financial irregularities and shell companies.

ICAI clears CA of Misconduct Charges – Unauthorized legal services & demand of commission

May 30, 2024 660 Views 0 comment Print

Board of Discipline finds CA Jayant Kumar Harlalka not guilty of professional misconduct in case filed by Shri Balwant Prasad Singh.

Information Systems Audit – Assessment Test (ISA – AT), July 2024

May 29, 2024 5004 Views 0 comment Print

Get ready for the Information Systems Audit (ISA) Course Assessment Test in July 2024 by the Institute of Chartered Accountants of India (ICAI). Check exam centers & eligibility.

Alleged False & Excessive billing: ICAI imposes penalty & debarment on CA

May 23, 2024 939 Views 0 comment Print

Explore the detailed analysis of the disciplinary action against CA. Raghu Marwah by the Institute of Chartered Accountants of India (ICAI) for misconduct.

SC upholds Restriction on Number of Section 44AB Tax Audit imposed by ICAI 

May 23, 2024 1131 Views 0 comment Print

Supreme Court upholds ICAI’s limit of 60 tax audits per CA, validating it as a reasonable restriction under Article 19(1)(g) of the Constitution.

Supreme Court Upholds ICAI’s Limit of 60 Tax Audits per CA: Analysis

May 23, 2024 10710 Views 0 comment Print

Discover the Supreme Court’s ruling on ICAI’s 60 tax audits limit per Chartered Accountant, its implications, and future impact on the accounting profession.

ICAI Penalized CA for Involvement in Accommodation Entries, Fake Bills

May 21, 2024 1197 Views 0 comment Print

ICAI Board: Bansal’s objections addressed; sufficient evidence—call transcripts, forensic reports—establish his involvement in fake entries. Conduct deemed unbecoming of a CA, failing ethical standards.

ICAI penalises practicing CA for acting as Director in Companies without prior permission

May 20, 2024 2820 Views 0 comment Print

ICAI penalises practicing CA for engaging in other business activities and for acting as Director in various body corporates without requisite permission of ICAI. Board emphasized that Chopra’s involvement in managerial functions required prior approval from the ICAI Council, which he failed to obtain.

Changing of statement on oath to Government Authorities: ICAI Penalises CA

May 20, 2024 498 Views 0 comment Print

Explore the case of CA R. Vinod Kumar, verdict, implications, and analysis by ICAI in 2024. Understand the disciplinary action and its impact on the profession.

Misuse of professional relationships for personal gain & forgery- ICAI penalises CA

May 20, 2024 594 Views 0 comment Print

ICAI finds CA Tehmul B. Sethna guilty of misconduct. Detailed analysis of the disciplinary action and its implications. Read the full order under Section 21A(3).

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