ICAI

ICAI- The Rebirth of Fixing Fee Undercutting

CA, CS, CMA - The Institute of Chartered Accountants of India is contemplating conveying back regulation that prohibits undercutting of fees by audit firms. In a recent council meeting, council members discussed returning to the earlier ethical rule when firms weren’t allowed to undercut statutory audit fees. The members deliberated on the issue and ...

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CA Results: So the Countdown begins….8…7….6….5……

CA, CS, CMA - First of all Hats off to the patience and dedications towards your hard work. You all are the fighters who don’t believe in giving up and that is why only you were able to give your final exams. You all did loads and loads of hard work, sacrifices to add this prefix called CA...

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‘Justice Delayed Is Justice Denied’- The Endless Wait

CA, CS, CMA - The Chartered Accountant day celebrations of 1st July 2018 are over now and more or less all the candidates for central council and regional councils have knocked the doorbells of the members of the Institute of Chartered Accountants of India by way of their declaration of candidature on this auspicious day. The elections shall be [&helli...

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Brief on Indian Valuation Standard 103 – Valuation Approaches & Methods

CA, CS, CMA - Indian Valuation Standard 103 - Valuation Approaches and Methods includes A) Market Price Method, Comparable Companies Multiple (CCM) Method, Comparable Transaction Multiple (CTM) Method, Discount for Lack of Marketability, Discount for Lack of Control (DLOC), Income Approach, Discounted Cash Flow (DCF) Method, Relief from Royalty (RFR)...

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7 Post Budget Suggestion on Custom Law by ICAI

CA, CS, CMA - ICAI submitted sugesstion on 1. Levy of Integrated Tax on goods remaining in Bonded warehouse 2. Audit of assessment of imported or exported goods. 3. Power to issue supplementary notice 4. Communication of an order, decision, summon, notice etc. under Customs Act, 1962 through electronic mails. 5. Requirements for being an applicant o...

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CA Final, CPT, Foundation May/June, 18 Exam Result on 20.07.2018

CA, CS, CMA - The result of the Chartered Accountants Final Examination held in May, 2015 and Common Proficiency Test (CPT) held in June, 2015 are likely to be declared on Thursday, the 16th July, 2015 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the c...

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Exposure Drafts of Revised SA 800, SA 805 and SA 810 for comments

CA, CS, CMA - Exposure Drafts 1. SA 800 (Revised), Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 2. SA 805 (Revised), Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 3. SA 810 (Revised), Engagemen...

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Exposure Draft of Ind AS 19 Employee Benefits for comments

CA, CS, CMA - Following is the Exposure Draft of the Accounting Standard (AS) 19, Employee Benefits, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments....

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Unique Document Identification Number (UDIN) for Practising CAs

CA, CS, CMA - UDIN: An Advanced Solution for Document Verification-  Unique Document Identification Number (UDIN) is a unique number which is to be generated for every document certified /attested by practicing Chartered Accountants and will be registered with UDIN Portal at https://udinical.org (with effect from 1st July, 2018). UDIN aims to address ...

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1st Overseas Campus Placement for CAs

CA, CS, CMA - ICAI is organizing 1st Overseas campus placement for our members desirous of taking up employment abroad/trans‐nationals invested in India. The campus programme is open to all levels – entry, middle and top management. It may please be noted that there is no cost for the participating organizations or for the candidates....

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Exemption claimed cannot be denied for mere wrong Punching in ITR due to Oversight

The Institute of Chartered Accountants of India Vs ACIT (ITAT Delhi) - The appeal by the assessee is directed against the order dated 09.03.2017 of the learned CIT(A)-40, Delhi. Following grounds have been raised in this appeal ...

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ICAI not bound to take disciplinary action against its member merely because of receipt of reminder from SFIO

Vijay Kumar Gupta Vs Director (Discipline), Institute Of Chartered Accountants Of India (ICAI) And Anr. (Delhi High Court) - Petitioner is a Chartered Accountant against whom information within the meaning of Rule 7 of the Chartered Accountants (Procedure of Investigation of Professional and other Misconduct and Conduct of Cases) Rules, 2007 was provided by Serious Fraud Investigation Office...

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CA Final Result Controversy: HC asks ICAI to produce relevant documents

Milind Aggarwal & Ors Vs. ICAI (Delhi High Court) - In a interim order Delhi High Court has held in the case of Milind Aggarwal & Ors Vs. The Institute Of Chartered Accountants Of India that ICAI shall produce the relevant official records pertaining to the receipt and compilation of the documents, the moderation procedure adopted leading to the ...

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Form Committee to look into Violation of Law by Multi-National Accounting Firms: SC

S. Sukumar Vs. The Secretary, Institute Of Chartered Accountants Of India & Ors. - Whether the Multi-National Accounting Firms (MAFs) are operating in India in violation of law in force in a clandestine manner, and no effective steps are being taken to enforce the said law. If so, what orders are required to be passed to enforce the said law....

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Delhi HC dismisses petition against CA Final Result Controversy

Milind Agarwal And Ors. Vs. ICAI (Delhi High Court) - A perusal of the Regulation 39(2) in itself shows that the council has been granted a discretion to revise the marks obtained by the candidates in any particular paper/papers or aggregate, as may be considered necessary for maintaining the standards of passed percentage...

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IBBI signs a MOU with Indian Institute of Corporate Affairs

No. IBBI/PR/2018/17 - (10/04/2018) - The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Indian Institute of Corporate Affairs (IICA). The MoU was signed by Ms. Geeta Singh Rathore, Chief Administrative Officer of the IICA and Mr. K. R. Saji Kumar, Executive Director of the IBBI...

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ICAI forms Group on Vision 2024 for Global Presence of Indian CAs

ICAI has reconstituted the Group on Vision 2024 for Global Presence of Indian CAs for suggesting way forward, comprising of the following members...

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Date, Schedule,Center & Fees for December 2017 ICAI CPT Exams

No.13-CA (EXAM)/CPT/Dec./2017 - (07/08/2017) - Institute of Chartered Accountants of India is pleased to announce that Common Proficiency Test will be held on Sunday, 17th December, 2017 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre....

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List of Students Passed CA CPT June 2017 Exams

NO.13-CA-EXAM/RESULT/CPT/JUNE 2017 - (18/07/2017) - Name Of The Candidates Who Have Been Declared Successful In The Common Proficiency Test (Examination) Held In June 2017 As Per Syllabus Specified By The Council Under Regulation 25d(3) Of The Chartered Accountants Regulations,1988 Are Hereby Published For General Information...

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List of Students Passed CA Final May 2017 Exams

NO.13 -CA EXAM/RESULT/FINAL/MAY, 2017 - (18/07/2017) - Names Of The Candidates Who Have Been Declared Successful In The Final Examination Held In May, 2017 As Per Syllabus Specified By The Council Under Regulation 31(Ii) Of The Chartered Accountants Regulations, 1988 Either In Both Groups Or In Group-1 Or In Group-2 As Indicated Against Their Names, Are...

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Recent Posts in "ICAI"

ICAI- The Rebirth of Fixing Fee Undercutting

The Institute of Chartered Accountants of India is contemplating conveying back regulation that prohibits undercutting of fees by audit firms. In a recent council meeting, council members discussed returning to the earlier ethical rule when firms weren’t allowed to undercut statutory audit fees. The members deliberated on the issue and ...

Read More

CA Final, CPT, Foundation May/June, 18 Exam Result on 20.07.2018

The result of the Chartered Accountants Final Examination held in May, 2015 and Common Proficiency Test (CPT) held in June, 2015 are likely to be declared on Thursday, the 16th July, 2015 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the c...

Read More

CA Results: So the Countdown begins….8…7….6….5……

First of all Hats off to the patience and dedications towards your hard work. You all are the fighters who don’t believe in giving up and that is why only you were able to give your final exams. You all did loads and loads of hard work, sacrifices to add this prefix called CA...

Read More

Exposure Drafts of Revised SA 800, SA 805 and SA 810 for comments

Exposure Drafts 1. SA 800 (Revised), Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 2. SA 805 (Revised), Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 3. SA 810 (Revised), Engagemen...

Read More

Exposure Draft of Ind AS 19 Employee Benefits for comments

Following is the Exposure Draft of the Accounting Standard (AS) 19, Employee Benefits, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments....

Read More

Unique Document Identification Number (UDIN) for Practising CAs

UDIN: An Advanced Solution for Document Verification-  Unique Document Identification Number (UDIN) is a unique number which is to be generated for every document certified /attested by practicing Chartered Accountants and will be registered with UDIN Portal at https://udinical.org (with effect from 1st July, 2018). UDIN aims to address ...

Read More

1st Overseas Campus Placement for CAs

ICAI is organizing 1st Overseas campus placement for our members desirous of taking up employment abroad/trans‐nationals invested in India. The campus programme is open to all levels – entry, middle and top management. It may please be noted that there is no cost for the participating organizations or for the candidates....

Read More

Indian Accounting Standards (Ind AS): Impact Analysis and Industry Experience

We are pleased to note that efforts in implementing this high quality Ind AS Framework have begun to make desired impact on the quality of financial information of Indian companies. ...

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Indian Accounting Standards (Ind AS): Disclosure Checklist

This publication presents a checklist of disclosures requirements under Ind AS applicable to entities preparing its financial statements voluntarily and mandatorily beginning on or after April 1, 2016, in accordance with Ind AS. The disclosures checklist is based on the Indian Accounting Standards (Ind AS) that are effective as on April 0...

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‘Justice Delayed Is Justice Denied’- The Endless Wait

The Chartered Accountant day celebrations of 1st July 2018 are over now and more or less all the candidates for central council and regional councils have knocked the doorbells of the members of the Institute of Chartered Accountants of India by way of their declaration of candidature on this auspicious day. The elections shall be [&helli...

Read More
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