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The Institute of Chartered Accountants of India (ICAI), set up by an Act of Parliament – The Chartered Accountants Act, 1949 – has established ICAI Accounting Research Foundation (ICAI-ARF) in January, 1999, as a Section 25 company – a core research body in the areas of accounting, auditing, capital markets, fiscal policies, monetary policies and other related disciplines. Over the years, it has accelerated its work programme as an academy for imparting, spreading and promoting knowledge, learning, education and understanding in the various fields related to the profession of accountancy.
Accounting regulator the Institute of Chartered Accountants of India (ICAI) today said it will soon conclude the disciplinary proceedings against S Gopalakrishnan and Srinivas Talluri, the two auditors embroiled in the multi-crore Satyam fraud.
It is notified for the information of all the registered members pursuing Certificate Course on International Taxation of the ICAI that the Assessment Test of the Course is proposed to be conducted on Sunday 3rd July, 2011 from 2.00 PM to 5.00 PM in the following centres: New Delhi, Mumbai, Kolkata, Bangalore, Ahemdabad
This is to bring to the attention of students that a decision has been taken to defer the applicability of the Revised Schedule VI for CA examination, consequent to which the same will not be applicable for the PCC, IPCC and Final examinations to be held in November, 2011.
Let the faith of people of the world be restored in democracy for good, where the supreme power lies with the citizens who themselves elect people to represent them; democracy needs to be celebrated and kept alive by all possible means. Father of our Nation Mahatma Gandhi agrees to its value and suggests that actions inspired by tolerance, nonviolence and love could lay stronger foundations of democracy, and a change of heart can possibly be a better device to change the spirit of democracy, if required and desired. Violence is never a weapon of strong and brave people; it can only represent our moral and intellectual bankruptcy, Mahatma opines. The spirit of democracy has to come from within.
Accounting regulator ICAI today said it will soon conclude the disciplinary proceedings against S Gopalakrishnan and Srinivas Talluri , the two auditors embroiled in the multi-crore Satyam fraud . The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) would be holding the hearing(s) in the said matter(s) at regular intervals and would try to conclude these cases by adopting the fast track mode, ICAI President G Ramaswamy said in a statement.
ICAI requires technically par excellence professionally successful, academically brilliant, and administratively capable human resources at various level for being part of the business transformation project at ICAI in its headquarters at Delhi/Noida. The ICAI is the apex accountancy body established by the Parliament for regulating the profession of Chartered Accountants in India. During its glorious existence of more than sixty-two years, ICAI has achieved recognition as a premier accountancy body not only in south asian region but globally as well.
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore, Bangalore and Hyderabad some of the candidates have been allotted examinations centres in other zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them.
As informed earlier vide announcement dated 2nd July 2010, ICAI is allowing the articled assistants to seek transfer/termination of articleship only on permissible grounds and the articled assistants are advised to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.
In March 2009, Ministry of Corporate Affairs (MCA), added paragraph 46 to the existing notified AS 11, The Effects of Changes in Foreign Exchange Rates, giving an option to companies to follow accounting treatment laid down in that paragraph. However, that option was available, as per that paragraph, only upto 31 st March 2011. Thus, that option is presently not available after 1st April 2011.
