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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 announced Schedule for ISA ET to be held in the month of November 2008

August 25, 2009 384 Views 0 comment Print

Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Saturday the November 08, 2008. Last Date for Online Form Submission is October 29, 2008 . 1. The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the November 08, 2008 from 09.00 a.m. to 1.00 […]

CVC charged chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses

August 24, 2009 375 Views 0 comment Print

The Central Vigilance Commission (CVC) has charged the chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses for the lenders.  It has pointed out that in several cases, the advice given by CAs to banks and financial institutions was deficient, especially regarding the status of loans, creditors, sundry debtors, assets, known […]

Amendment to SQC 1 – Retention Period for Engagement Documentation (Working Papers)

August 24, 2009 4485 Views 0 comment Print

Paragraph 83 of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, states as follows: “83.     The needs of the firm for retention ………………. ……………… In the specific case of audit engagements, the retention period ordinarily is no shorter than […]

Enhancement of CPT Registration fees from Rs. 3500/- to Rs.6,000

August 24, 2009 13480 Views 0 comment Print

The existing fee of Rs.3,500 for registration for the Common Proficiency Test(CPT) has been increased to Rs.6,000. The increased fee is payable by the students registering for the CPT on or afterSeptember 1, 2009.

ICAI announced date for result of Professional Education – II and Professional Competence Examinations held in June, 2009

August 19, 2009 339 Views 0 comment Print

The results of the Chartered Accountants Professional Education – II and Professional Competence Examinations held in June, 2009 are likely to be declared on Monday, the 31st August, 2009 around 2 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of […]

ICAI announced result dates for MAC (Part-I), Tax Mgmt Course (Part-I), Corp Mgmt Course (Part-I), IRM and ITL & WTO Exams

August 19, 2009 372 Views 0 comment Print

The results of the Management Accountancy Course (Part-I), Tax Management Course (Part-I), Corporate Management Course (Part-I) Insurance and Risk Management [IRM] and International Trade Laws & World Trade Organisation [ITL & WTO] Examinations  held in June, 2009 are likely to be declared on 31st August, 2009 around 2 P.M. at the Institute’s office at New […]

ICAI announced two new Examination Centers

August 19, 2009 1168 Views 0 comment Print

In partial modification of the Institute’s Notification Nos: 13-CA(EXAM)/N/2009 dated 9th July,2009 and 13-CA(EXAM)/CPT/ December/2009 dated 9th July,2009 , it is notified for the general information that the Professional Education Examination –II has been extended by two attempts i.e, the last examination of the same will take place in May-2010.

Ministry of corporate affairs plans to increase the accountability of chartered accountants

August 17, 2009 408 Views 0 comment Print

The ministry of corporate affairs, in consultation with the Institute of Chartered Accountants of India (ICAI), plans to increase the accountability of chartered accountants (CAs) by changing the way they perform their duties.

Gain in Rupee against dollar made corporate liking AS-11

August 17, 2009 321 Views 0 comment Print

Reliance Communications has had a change of heart, in just three months, on the accounting treatment for reflecting changes in the rupee value of foreign currency loans raised to finance purchase of fixed assets.

Merit List of CA final & Pass percentage of final & Final (New Course)

August 14, 2009 17503 Views 0 comment Print

A Chartered Accountant or ‘CA’ as commonly known, is a professional who has undergone high standards of theoretical education and practical training, and in the process, has passed final examination in Chartered Accountancy conducted by The Institute of Chartered Accountants of India (ICAI) and has been enrolled as its member. He is a well rounded professional—well-versed […]

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