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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


ICAI wants Rs one crore fine on erring audit firms

February 13, 2011 231 Views 0 comment Print

Concerned over delinquencies by accountancy firms in cases like Satyam, regulatory body ICAI is seeking changes in the statutes so that fines up to Rs one crore can be imposed on erring entities. “We have sent a proposal to the government to allow

ICAI solicits views on SEBI Discussion Paper on Outsourcing of Activities Related to Intermediation Services

February 13, 2011 315 Views 0 comment Print

SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services. The paper proposes certain principles for outsourcing, and indicates activities presently being outsourced by the intermediaries along with the

Application of AS 30, Financial Instruments – Recognition and Measurement, for accounting periods ending on or befor

February 13, 2011 14191 Views 1 comment Print

“Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement, issued by the Council of the Institute of Chartered Accountants of India, comes into effect in respect of accounting periods commencing on or after 1-4-2009 and will be

ICAI elects New President and Vice President for 2011-12

February 13, 2011 1205 Views 0 comment Print

A combination of erudition, foresight and professional excellence, CA. G. Ramaswamy has become the supreme torch -bearer of Indian accountancy profession as the President of Institute of Chartered Accountant s of India (ICAI). A fellow member of the

ICAI signs MOU for Insurance against Professional Indemnity for CAs

February 11, 2011 600 Views 0 comment Print

CA. Amarjit Chopra, President, ICAI has signed an MOU with New India Assurance Co. Ltd. on 10 th February 2011 extending facility for insurance against professional indemnity for members and CA Firms. Mr. Virander Kumar, Genral Manager, New India Ass

Pass percentage of candidates passed in November 2010 PEE-II, PCE, IPCE exams

February 10, 2011 318 Views 0 comment Print

The details of percentage of candidates passed in the above said examinations are given below , Pass percentage of candidates passed in November 2010 PEE-II, PCE, IPCE exams

ICAI Signs MOU with Canadian Institute of Chartered Accountants

February 10, 2011 2728 Views 0 comment Print

The Institute of Chartered Accountants of India today signed a Memorandum of Understanding with the Canadian Institute of Chartered Accountants for reciprocal membership arrangements. The Memorandum of Understanding was signed Mr. Kevin Dancey, Chi

Exclusion of certain topics in CA Final Examination to be held in May, 2011

February 9, 2011 345 Views 0 comment Print

Exclusion of certain topics in the CA Final Examination to be held in May, 2011 On a review of the Final Course syllabus, the Council has decided to exclude the following topics from the Final Examination to be held in May, 2011:-

ICAI asks Big Four audit firms not to buy out Indian cos

February 9, 2011 282 Views 0 comment Print

Amid concerns of alleged ‘surrogate practices’ of ‘Big Four’ accounting firms,regulator ICAI has asked PriceWaterhouseCoopers, KPMG , Ernst & Young and Deloitte to desist from acquiring Indian audit outfits. “Worldwide, there is a talk that there

Automatic shifting from CA Final(Old) to CA Final(New) Course

February 6, 2011 1014 Views 0 comment Print

Sub: Procedure adopted by the Institute in shifting CA Final (Old) course students to CA Final (New) course in order to appear in CA Final Examination to be held from May, 2011 onwards. As announced earlier on the Institute’s website, the Final (Ol

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