CA, CS, CMA : Asset tagging helps simplify physical verification, strengthens internal controls, improves Fixed Asset Register accuracy, and enh...
CA, CS, CMA : The article highlights emerging sectors where Chartered Accountants can build specialised careers beyond traditional audit and tax...
CA, CS, CMA : Chartered accountancy demands far more than technical expertise, requiring professionals to manage clients, deadlines, teams, and ...
CA, CS, CMA : Artificial Intelligence is transforming the tax profession by streamlining research, drafting, and compliance processes. The key t...
CA, CS, CMA : GST disputes are increasing, creating substantial opportunities for Chartered Accountants in audits, adjudication, appeals, and ta...
CA, CS, CMA : ICAI has categorically rejected social media claims of a data breach, confirming that no members', students', or examination recor...
CA, CS, CMA : ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders; Matter May Be Referred for Disciplinary Action The Professional Develo...
CA, CS, CMA : ICAI has launched a fully integrated PRB Web Portal, making online submission mandatory for all new peer review applications from ...
CA, CS, CMA : ICAI has partnered with Sarvam AI to promote AI adoption, digital upskilling, and professional learning for Chartered Accountants....
CA, CS, CMA : ICAI has announced 'Success at CA Exam' sessions for CA Foundation September 2026 students. The sessions will provide subject-wise...
Income Tax : The ITAT Chennai ruled that funds received by a Chartered Accountant for remitting clients' taxes could not be treated as unexplai...
Goods and Services Tax : The Telangana High Court granted anticipatory bail to a Chartered Accountant accused in a share transfer fraud case, observing tha...
CA, CS, CMA : The Delhi High Court held that one of the meetings relied upon for automatic vacation of the petitioner’s seat was convened with...
Corporate Law : The case examined whether the accused could disprove liability under Section 138. The court upheld conviction as the presumption r...
CA, CS, CMA : The Court examined whether a complaint arising from a family dispute can be entertained in misconduct proceedings. It held that su...
CA, CS, CMA : ICAI has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedba...
CA, CS, CMA : KSCAA has urged the Government to extend the GSTAT appeal filing deadline by three months, citing technical glitches, procedural a...
CA, CS, CMA : ICAI notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select ...
CA, CS, CMA : ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not...
CA, CS, CMA : The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory r...
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.
Learn how to accurately draft a handwritten application to obtain certified copies of your CA exams. Our comprehensive guide includes a sample letter and important points to remember.
Pension Fund Regulatory & Development Authority (PFRDA) has released a Request for Proposal (RFP) for the appointment of a Chartered Accountant/Cost Accountant firm. This RFP is for accounting work and tax consultancy services for the period Aug 2023 to July 2024. This RFP is for accounting work and tax consultancy services for the period Aug 2023 […]
