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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 1929 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 1026 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 10488 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 19881 Views 1 comment Print

Valuation Services by A Chartered Accountant

CA, CS, CMA : Discover why valuation services are crucial for Chartered Accountants & professionals. Learn about the scope, significance, and ce...

April 15, 2024 20517 Views 2 comments Print


Latest News


Exposure Draft on Proposed Revisions to ‘IES 2, 3 & 4 – Sustainability’

CA, CS, CMA : Explore the Exposure Draft on proposed revisions to IES 2, 3, and 4 – Sustainability by IFAC. Share your feedback to shape globa...

June 21, 2024 213 Views 0 comment Print

Representation on Equitable Allocation of Tax Audit Assignments

Income Tax : Read CAASs recommendations for fair tax audit allocation, ensuring auditor independence and quality. They suggested automated allo...

June 17, 2024 2091 Views 1 comment Print

ICAI Convocation July – 2024- For newly enrolled Members – Date & Cities

CA, CS, CMA : Discover the ICAI Convocation July 2024 dates and locations for new members and CA Final Rank Holders. Get ready to receive your ...

June 11, 2024 17413 Views 0 comment Print

ICAI Imposes 5-Year Debarment for Mobile Phone Use in May 2024 Exams

CA, CS, CMA : ICAI takes strict action against CA exam candidates for using mobile phones during exams, debarring them for 5 years. Important an...

June 4, 2024 2361 Views 0 comment Print

ICAI Launches SPMT Portal for Self-Paced Module Tests

CA, CS, CMA : Explore the new Self-Paced Module Test Portal by ICAI for candidates completing learning hours. Learn how to register, exam detail...

June 4, 2024 2526 Views 0 comment Print


Latest Judiciary


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 309 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 432 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 537 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 840 Views 0 comment Print

Section 263 cannot be invoked if here is no prejudice against revenue

Income Tax : Ahmedabad ITAT quashes Sec 263 order in Soham Buildcon vs PCIT-3 case, citing absence of twin conditions for exercising power unde...

March 21, 2024 378 Views 0 comment Print


Latest Notifications


CA Cleared of Financial Irregularities and Shell Company Allegations: Insufficient Evidence Found

CA, CS, CMA : Board of Discipline finds CA Sashi Kant Khetan not guilty of misconduct in a case involving alleged financial irregularities and s...

June 22, 2024 744 Views 0 comment Print

ICAI clears CA of Misconduct Charges – Unauthorized legal services & demand of commission

CA, CS, CMA : Board of Discipline finds CA Jayant Kumar Harlalka not guilty of professional misconduct in case filed by Shri Balwant Prasad Sing...

June 22, 2024 612 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 22, 2024 981 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 22, 2024 399 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 405 Views 0 comment Print


ICAI Announces New Branch in Tonk, Renames Aurangabad Branch & Detaches Theni from Madurai

May 10, 2024 678 Views 0 comment Print

ICAI opens a new branch in Tonk District, Rajasthan, and renames Aurangabad Branch. Theni detached from Madurai Branch. Learn about the latest updates.

Review of Chartered Accountants Act, 1949: Public Comments Invited

May 10, 2024 14643 Views 0 comment Print

Participate in the review of rules under the Chartered Accountants Act, 1949. Submit your suggestions to the Ministry of Corporate Affairs before the deadline.

Professional Misconduct: CA Deviates from Assignment Requirements, Causing Loss

May 9, 2024 768 Views 0 comment Print

CA Solanki failed to work in line with the requirements of the assignment and deliberately adopted a different methodology, causing loss to the complainant. Consequently, the Committee determined that Solanki’s actions constituted professional and other misconduct.

Certification of e-Form of disqualified directors: ICAI imposes penalty on CA

May 9, 2024 1842 Views 0 comment Print

Delve into the disciplinary action against CA Sushil Suresh Bajaj by the Institute of Chartered Accountants of India. Analysis, verdict, and implications discussed.

ICAI Penalizes/Suspends CA for Accounting Standards & Reporting Non-compliances

May 9, 2024 1029 Views 0 comment Print

Committee concluded that there were indeed non-compliances in the financial statements audited by Pachkhede, relating to various accounting standards and reporting requirements. These errors were considered to constitute professional misconduct as per the Committee’s Findings dated February 7, 2024.

Deficiencies in audit work: ICAI imposes Penalty on CA

May 9, 2024 1485 Views 0 comment Print

Disciplinary Committee found CA. Keshav Vishwanath Chaubey guilty of professional misconduct for various deficiencies in his audit work. Despite the respondent’s personal difficulties, the Committee determined that his actions constituted a breach of professional standards and warranted disciplinary action.

Signing of financial statements on a back date: ICAI reprimanded CA

May 9, 2024 660 Views 0 comment Print

The case centers on Pednekar’s signing of financial statements on a back date, which is deemed as negligent conduct and a breach of professional standards.

Failure to verify maintenance of cost records: ICAI imposes penalty on CA

May 9, 2024 2205 Views 0 comment Print

Dive into the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against CA. Sachin Rajnikant Parekh for professional misconduct.

Non-reporting of SARFAESI action against client in audit report: ICAI warns CA

May 9, 2024 660 Views 0 comment Print

Explore the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against Ravish Shashikant Maniyar for professional misconduct.

ICAI Disciplinary Committee Ruling against a CA & six CA firms affiliated with PwC

May 8, 2024 2475 Views 0 comment Print

The ICAI Disciplinary Committee imposes penalties on Neeraj Kumar Gupta for professional misconduct. Read the detailed analysis of the 2024 verdict.

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