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ICAI

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 2832 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 20127 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 2337 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 756 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 reschedules CPT exam in Tamil Nadu, Pondicherry and Andhra Pradesh

December 7, 2015 575 Views 0 comment Print

It is hereby notified for general information that in view of heavy rains and consequent disruption of normal life in Tamil Nadu, Pondicherry and Andhra Pradesh, the CPT scheduled on 13th December 2015 (Sunday), in the said states stand rescheduled to 27th December 2015 ( Sunday).

How to face CA exams?

December 4, 2015 3034 Views 0 comment Print

As 2015 Diwali memories have clinched to our memory storehouse and with CA exams being recently concluded a few weeks back, I ponder over how tough it must have been for the guys who were battling it out in the examination hall defying all odds when others were busy celebrating, including me.

How does CA change one's life for the good

December 4, 2015 2205 Views 0 comment Print

We have all been through the rigours of pursuing CA and we know how tough it is to handle various situations which need us to push our limits beyond our capabilities. We can put forward several such examples to prove it like studying late night hours (burning the midnight oil), being dedicated to our task and putting all our efforts all throughout to clear the exams in the very next attempt

Exposure Draft on Amendments in Transitional Provisions of Accounting Standards

December 4, 2015 518 Views 0 comment Print

The existing Accounting Standards which were notified under the Companies Act 1956 under the Companies (Accounting Standards Rules) 2006 have to be notified afresh under Section 133 of the Companies Act, 2013. Certain existing Accounting Standards which were notified in 2006 contain ‘Transitional Provisions’

Auditing and Assurance Standards Board issues Exposure Drafts of New/Revised Standards on Auditing for Comments

December 4, 2015 1321 Views 0 comment Print

FOR THE ATTENTION OF THE MEMBERS Auditing and Assurance Standards Board issues Exposure Drafts of New/Revised Standards on Auditing for Comments The Auditing and Assurance Standards Board of the ICAI is issuing the Exposure Drafts of following new/revised Standards on Auditing (SAs) for comments.

ICAI President's Message – December 2015

December 1, 2015 3991 Views 0 comment Print

Dear Friends, The word bravery that was once associated more with people who had great physical strength and courage, is now meant for people who have courage-to respect others, their fundamental rights (right to equality and freedom, cultural and educational rights) and existence. Bravery is not just the act of daring to act, but also […]

How to make optimum preparation for CA exams

November 30, 2015 8228 Views 0 comment Print

Chartered Accountancy the first thought that comes to the mind is, it is very tough to clear the exams and this becomes evident by a look at the previous pass percentage results and what we get to hear from the people surrounding us. So, it is wise not to pursue for such a qualification as the odds of success are marginal.

Suggestions on Proposed New CARO for FY 2015-2016

November 29, 2015 1697 Views 0 comment Print

Subject:          Suggestions on the Proposed New CARO for FY 2015-2016 Dear Members The Ministry of Corporate Affairs recently constituted a Committee to formulate the Companies (Auditor’s Report) Order (CARO) to be issued under section 143(11) of the Companies Act, 2013.  This aforesaid Order is proposed to be made applicable for audit reports on the financial […]

ICAI Reply on not allowing CAs to practice Law in India

November 29, 2015 20207 Views 49 comments Print

Recently, it has come to our knowledge that a proposal not allowing Chartered Accountants/ Non- Advocates for practice of law in the course of proceedings before revenue authorities falling in your jurisdiction is under consideration.

ICAI releases Exposure Draft of Accounting Standard 8, Accounting Policies, Changes in Accounting Estimates and Errors for comments

November 27, 2015 1402 Views 0 comment Print

Exposure Draft of the Accounting Standard (AS) 8, Accounting Policies, Changes in Accounting Estimates and Errors (Comments to be received by December 07, 2015)

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