CA, CS, CMA : Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into reg...
CA, CS, CMA : Discover why valuation services are crucial for Chartered Accountants & professionals. Learn about the scope, significance, and ce...
CA, CS, CMA : Explore how CA firms contribute to shaping finance professionals beyond numbers, their influence on startups, and the importance o...
CA, CS, CMA : ICAI will now conduct the CA Intermediate and Foundation course examinations thrice a year, starting from June 2024. Previously, t...
CA, CS, CMA : Learn about ICAI's Centralized NOC Policy and its benefits for Chartered Accountants (CAs). Streamlining audits for efficiency and...
CA, CS, CMA : Stay updated with ICAI BoS Publications for September 2024 exams. Analysis of Foundation and Intermediate course subjects' edition...
CA, CS, CMA : Ministry of Corporate Affairs invites comments on rules review under CA, CWA, and CS Acts. Participate in the consultation process...
CA, CS, CMA : ICAI penalises CA for not physically visiting registered office of Company before filing its SPICe Form The Institute of Chartered...
CA, CS, CMA : Get ready for CA Foundation June 2024 Exams with Mock Test Papers Series II & III. Check the schedule, modes, and how to register....
Goods and Services Tax : Join our live webinar on Block Credit in GST u/s 17(5) to understand ITC, eligibility criteria, and critical provisions. Expert in...
CA, CS, CMA : Despite concerns over elections, Delhi High Court rejects plea to delay CA exams. Detailed analysis of the judgment provided....
CA, CS, CMA : Delhi High Court ruling upholds disqualification of bid by Sunshine Caterers in IRCTC tender due to non-mention of certified infor...
Income Tax : In the case of Cavalcade Properties Pvt. Ltd. vs. DCIT, ITAT mandates re-evaluation of advances against flat bookings, challenging...
Income Tax : Ahmedabad ITAT quashes Sec 263 order in Soham Buildcon vs PCIT-3 case, citing absence of twin conditions for exercising power unde...
CA, CS, CMA : Naresh Chandra Agrawal Vs Institute of Chartered Accountants of India And Others (Supreme Court of India) In a landmark judgment, ...
CA, CS, CMA : Committee concluded that there were indeed non-compliances in the financial statements audited by Pachkhede, relating to various a...
CA, CS, CMA : The case centers on Pednekar's signing of financial statements on a back date, which is deemed as negligent conduct and a breach o...
CA, CS, CMA : Explore the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against Ravish Shashik...
CA, CS, CMA : CA Solanki failed to work in line with the requirements of the assignment and deliberately adopted a different methodology, causin...
CA, CS, CMA : The case revolves around allegations of negligence and failure to exercise due diligence while certifying Form 8 and reporting fin...
Apex accounting body ICAI today issued four new standards to help companies streamline internal audits for minimising pilferage, ensuring cost efficiency and mitigating waste.This will standardise the process of internal checks in companies, and “companies can now expect that professionals engaged in internal audit will be rendering services of such standards as being issued by the institute,
The requirement of compulsory practical training is an integral part of the Chartered Accountancy course. Keeping this in view, the Council has recently issued a statement to ensure that working hours of articled assistants do not clash with any other activity undertaken by the articled assistants. However, it has been brought to the notice of the Institute that some of articled assistants are attending coaching classes during working hours of articled training. It is hereby clarified that articled assistants are not permitted to attend coaching classes during working hours. As stated earlier, articled training is an important part of CA curriculum.
ICAI – Announcement Announcement reagrding MEF for the year 2008-09 *Multipurpose Empanelment Application Form for the year 2008-09* Multipurpose Empanelment Application Form for the year 2008-09 is expected to be hosted on 15th June, 2008. *Everyone is advised to check their last year’s data and fill in all the blank columns and the relevant details. […]
The Institute of Chartered Accountants of India (ICAI) said on Thursday it will launch a course of accounting technicians from April 22 for undergraduate students. “We are launching this course considering that there is a need for second tier of accountants, with so many accounting jobs coming up in the country,” ICAI president Ved Jain told reporters here.
In what could be a significant deterrent to corporate frauds, the concept of rotation of partners received a green signal from the apex body for chartered accountants, Institute of Chartered Accountants of India (ICAI), and mandates change of partners after seven consecutive years with a listed company. The step, cleared by ICAI, will be operational from April 2009 and is expected to significantly reduce complexity between individual partners in audit firms and their assigned companies, something that has been a cause behind many of the big corporate frauds to have hit the financial world.
The Institute has been receiving complaints from members of the Institute, proprietary concerns and firms of Chartered Accountants alleging that they have come across audit reports, balance sheets, certificates etc. of different entities submitted by the said entities/someone with Banks, Financial Institutions, Income-Tax Department, etc. wherein they find that their signatures, seal/stamp have been forged and /or such documents have been prepared on their forged letterhead etc. The members of the Institute, proprietary concerns and firms of chartered Accountants have been requesting the Institute to take necessary legal action in such matters.
Council of the Institute of Chartered Accountants of India v. Dayal Singh The officers of the bank completed all paper formalities, perhaps at the behest of the respondent or at least on the basis of his certificate for disbursement of the loan. The activity of the respondent in issuing such a vague certificate with the intention of persuading the bank to grant his client a loan amounted to `other misconduct’ within the meaning of the Act, read with the regulations framed thereunder.
HC asks Britannia to return pension money Firm had challenged an Income Tax dept show cause notice on why it withdrew such a huge amount from the employees’ fund.Britannia Industries (BIL) has been asked by the Calcutta High Court to pay back the Rs 12 crore it allegedly withdrew from the company’s pension fund. BIL had recieved a showcause notice from the income tax department to explain the withdrawal in 2003.
The New Year brings in good news for independent finance professionals like company secretaries, chartered accountants and cost & works accountants, who will be allowed to advertise their services and area of proficiency, a move that would enable them to offer services globally and effectively highlight their areas of competence.
Deferred tax liability is a provision for tax effect of difference between taxable and accounting income – Not a provision for I -T paid or payable – it is also not reserve as same cannot be transferred to P&L a/c, unlike a regular reserve – ITAT
