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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 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


Employee CA can engage article under him after 3 year of employment with the same firm

August 14, 2012 2377 Views 0 comment Print

This is to inform all concerned that with the issuance of the Notification No.1-CA (7)/145/2012 on August 1, 2012, the period of employment of a paid assistant with the same firm of Chartered Accountants for the purpose of engagement of articled assistants has been increased from twelve months to three years with effect from August 1, 2012.

Last Date for MEF submission extended upto 31st August, 2012

August 14, 2012 1280 Views 0 comment Print

This is to inform that Multipurpose Empanelment form for the year 2012-13 (including form for empanelment of Bank Branch Auditors for the year 2012-13) has been hosted on the website www.meficai.org. Last date for submission of online applications on www.meficai.org has been extended upto 31st August, 2012.

Eligibility of a paid assistant working with a firm of CAs for the purpose of engagement of articled assistants

August 14, 2012 1618 Views 0 comment Print

ANNOUNCEMENT Eligibility of a paid assistant working with a firm of chartered accountants for the purpose of engagement of articled assistants – Amendment to the Regulation 43 of the Chartered Accountants Regulations, 1988 This is to inform all concerned that with the issuance of the Notification No.1-CA (7)/145/2012 on August 1, 2012, the period of […]

Risabh Saboo scores 100 out of 100 in 2 IPCE Papers

August 10, 2012 6694 Views 0 comment Print

Rishabh Saboo who appeared for IPCE May 2012 Examination has scored 100 out of 100 in 1. Accounting & 2. Cost Accounting & Financial Management. Snap Shot of Online mark-sheet downloaded from ICAi website is as follows :-

ICAI accepts mistake in decleration of IPCE result of Divya Vasudeva

August 10, 2012 8187 Views 0 comment Print

Yesterday we reported an error in an result declared by ICAI of a student in which she was shown pass despite scoring less then 50%. ICAI has accepted the mistake and issued the following press release :-

CA PCC / IPCC May 2012 Pass Percentage & List of Toppers

August 9, 2012 27044 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) announced the results of following examinations held in May, 2012 on August 7, 2012. Professional Competence Course (PCC) Integrated Professional Competence Course (IPCC) The toppers of Professional Competence Course (PCC) examination held in May, 2012 are from Delhi, Surat & Woollapalem (Andhra Pradesh). The details of the top three rank holders on all India basis for PCC along with the marks secured by them are mentioned at Annexure-A. The pass percentage of students in PCC is placed at Annexure-B.

Shocking – Less then 50% in IPCE Exam still shown Pass

August 9, 2012 51703 Views 6 comments Print

A CA student who appears in one Group of CA IPCE Exams has to score Minimum 50% in Aggregate and 40 marks in each of the three paper. So in aggregate she has to score minimum 150 Marks out of total 300 marks to pass in examination. But recently we come across a case in which a CA student who appeared for May 2012 Examination whose result got declared on 07.08.2012 shown as pass despite scoring in aggregate less then 50% in one of the group She appeared. The student has scored only 133 out of 300 Marks but still shown as pass on CA Result portal http://www.caresults.nic.in . There seems to be some discrepancy in ICAI exam portal which ICAI needs to rectify to stop repeat of such occurrences in future.

Exemption to CA Intermediate Qualified Students from appearing in Foundation Course Examination of CMA exams

August 8, 2012 14931 Views 0 comment Print

In view of grant of exemption by the Institute of Chartered Accountants of India to the Intermediate qualified candidates of the Institute of Cost Accountants of India from passing their Common Proficiency Test, the Institute of Cost Accountants of India has granted exemption on reciprocal basis to the Intermediate Examination (by whatever name called) qualified candidates of the Institute of Chartered Accountants of India from passing the Foundation Course Examination of the Institute of Cost Accountants of India with immediate effect.

Online submission of CA Exam form for November 2012

August 8, 2012 1246 Views 0 comment Print

ICAI: Online submission of CA Exam form for November 2012: Start Date : 06/08/2012 Last Date for online submission of Form without late fees : 27/08/2012 Last Date for online submission of Form with late fees : 03/09/2012 Registration for Online submission of Exam forms for November 2012 Exam  closes at 17:30 hrs IST of […]

Direct Entry to CA Course

August 3, 2012 4343 Views 0 comment Print

This is to inform all concerned that with the issuance of the Notification No. 1-CA(7)/145/2012 on August 1, 2012, the provisions relating to Direct Entry Scheme for Graduates/Post Graduates, etc., with prescribed percentage of marks, to the Chartered Accountancy Course have come into force from August 1, 2012. The said Notification is reproduced hereinbelow for information of all concerned.

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