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Latest Articles


Ethical issues in Auditing

CA, CS, CMA : Explore the ethical issues in auditing, their consequences, and strategies for maintaining integrity. Understand how ethical stand...

July 13, 2024 795 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 2823 Views 0 comment Print

SQC-1 The key to unlocking your firm’s full potential

CA, CS, CMA : Discover how SQC-1 enhances your firm's quality control, ensuring compliance and boosting credibility. Unlock your full potential ...

May 29, 2024 1128 Views 0 comment Print

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

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...

May 23, 2024 11274 Views 0 comment Print

ICAI finds EY India and it’s Affiliate Entities Guilty of Professional Misconduct: Analysis

CA, CS, CMA : Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into reg...

April 29, 2024 20124 Views 1 comment Print


Latest News


ICAI extends last date to empanel as observers for exam

CA, CS, CMA : ICAI announces the extended deadline to 10th September 2023 for online empanelment of members as observers for the Nov/Dec 2023 CA...

August 13, 2024 5307 Views 0 comment Print

CMA Santosh Pant Elected NIRC Chairman for 2024-25

CA, CS, CMA : CMA Santosh Pant elected Chairman of Northern India Regional Council of ICMAI for 2024-25. Key members include CMA Satya Narayan M...

August 5, 2024 258 Views 0 comment Print

ICAI President’s August 2024 Message: Exam Results & Economic Insights

CA, CS, CMA : ICAI President's August 2024 message highlights India's economic growth, recent exam results, and the Union Budget's role in achie...

August 2, 2024 288 Views 0 comment Print

ICAI Announces Advanced ICITSS CBT Exam Dates

CA, CS, CMA : ICAI schedules Advanced ICITSS - Adv. IT Test in CBT mode for August and September 2024. Check eligibility, test dates, applicatio...

August 1, 2024 1317 Views 0 comment Print

ICAI CA Foundation June 2024 Results Declared – 14.96% Pass Rate

CA, CS, CMA : ICAI has declared the CA Foundation June 2024 results. With 91,900 candidates and a 14.96% pass rate, find detailed results and an...

July 30, 2024 2334 Views 0 comment Print


Latest Judiciary


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 4320 Views 0 comment Print

Same Methodology Must Be Applied for Valuing Opening & Closing Stock: Kerala HC

Income Tax : Explore the detailed analysis of P. A. Jose Vs Union of India judgment by Kerala High Court regarding the valuation methodology fo...

May 31, 2024 438 Views 0 comment Print

Delhi HC Dismisses Plea to Postpone CA Exams Amid Election Concerns

CA, CS, CMA : Despite concerns over elections, Delhi High Court rejects plea to delay CA exams. Detailed analysis of the judgment provided....

May 8, 2024 465 Views 0 comment Print

Delhi HC Upholds Bid Disqualification Over Missing Certified Information in UDIN Certificate

CA, CS, CMA : Delhi High Court ruling upholds disqualification of bid by Sunshine Caterers in IRCTC tender due to non-mention of certified infor...

April 10, 2024 786 Views 0 comment Print

Advance for Flats: Recognizing Revenue on Risk Transfer & Buyer’s Transfer Rights- ITAT

Income Tax : In the case of Cavalcade Properties Pvt. Ltd. vs. DCIT, ITAT mandates re-evaluation of advances against flat bookings, challenging...

March 22, 2024 993 Views 0 comment Print


Latest Notifications


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 12, 2024 753 Views 0 comment Print

Audit misconduct at DHFL branches: NFRA imposes one-year debarment & Penalty

Company Law : Explore NFRA's order under Companies Act 2013 on CA Krishna Bihari Chaturvedi for audit misconduct at DHFL branches in FY 2017-18....

June 21, 2024 573 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 1110 Views 0 comment Print

ICAI Finds Auditor Not Guilty: Audit Acceptance Communication Validated

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...

June 12, 2024 480 Views 0 comment Print

Falsified financial statement Preparation: ICAI found Member guilty of misconduct

CA, CS, CMA : The ICAI's Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and othe...

June 12, 2024 483 Views 0 comment Print


ICAI withdraws announcement on videos and Forms Group to review evaluation of examination answer books system

September 10, 2018 9126 Views 0 comment Print

ICAI has made and announcement on its website on 8th September 2018 regarding Some Videos Circulating on Social Media in which serious questions were raised on examination and evaluation system of ICAI. Today it is found that ICAI removed that announcement from its website which was hosted at the following link- https://icai.org/new_post.html?post_id=15108&c_id=219 Our Readers can […]

CA- In The Line of Regulators Fire

September 10, 2018 9834 Views 2 comments Print

CA’s are in a position where all are aiming their gun towards them. If CAs moves into their line of fire, they move into a position between them and the thing they were aiming at. The circumstances are not the same as of five years back.

Videos on examination & evaluation system are misleading: ICAI

September 9, 2018 1518 Views 1 comment Print

It has been brought to our notice that certain videos are being circulated on social media including YouTube, whereby the examination and evaluation system of ICAI is being criticized.

CA – Scale of Fees for Work Done

September 8, 2018 32076 Views 2 comments Print

A Chartered Accountant is a highly qualified and skilled finance professional possessing high numerical and accounting proficiency, strong analytical skills, expert knowledge on taxation and corporate laws, and most importantly, has an authority to perform financial statement audit which gives him a virtual monopoly in the area of the audit. He is an expert on […]

Ind AS Technical Facilitation Group (ITFG) Clarification Bulletin 16

September 5, 2018 5469 Views 0 comment Print

How will the financial guarantee be accounted for in the separate financial statements of S Ltd.? S Ltd. has accumulated losses and has not paid any dividend in the past. (ii) How would financial guarantee be subsequently measured in the separate financial statements of S Ltd.?

ICAI Election code of conduct for Candidates & their authorized representatives

September 5, 2018 1839 Views 0 comment Print

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI ELECTION CODE OF CONDUCT [made under rule 16 of the Chartered Accountants (Election to the Council) Rules, 2006] for Compliance by Candidates and their authorized representatives for Election to the Twenty Fourth Council and Twenty Third Regional Councils to be held on 7th and 8th December, 2018. Effective date: The […]

Regulation 134: Elections to ICAI regional councils- CAs Regulations, 1988

September 5, 2018 1002 Views 0 comment Print

Chartered Accountants Regulations, 1988 [Pertaining to Election to the Regional Councils] [As amended by the Chartered Accountants (Amendment) Regulations, 2012 effective from 1.8.2012 ] 134. Elections to the regional councils: (1) Subject to the other provisions of these regulations, a member whose name is borne on the Register on the 1st day of April of […]

Chartered Accountants (Election to the Council) Rules, 2006

September 5, 2018 2154 Views 1 comment Print

The Election to the ICAI Council shall be held on a date or dates to be determined by the Council, which shall, in any case, not be less than one month before the expiry of the term of the existing Council:

ICAI selling List of CAs eligible to Vote in ICAI Elections 2018

September 5, 2018 1794 Views 0 comment Print

It is hereby notified that the list of members eligible to vote (i.e., List of Voters) from the various regional constituencies for elections to the Twenty Fourth Council and Twenty Third Regional Councils of the Institute will be available on payment of Rs.2000/- per copy for any of the five regional constituencies

AA confirms Punishment to CA for failure to exercise due diligence

September 3, 2018 2220 Views 0 comment Print

V. Ajay Vs Disciplinary Committee, ICAI (Appellate Authority) 1. This Order deals with the above mentioned two appeals filed by the Appellant before this Authority. First appeal has been filed against an Order dated 20th January, 2017, passed by the Disciplinary Committee of the Institute of Chartered Accountants of India under section 21B(3) of the Chartered Accountants Act, […]

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