Goods and Services Tax : ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory time...
CA, CS, CMA : The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified wh...
CA, CS, CMA : Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, hi...
Company Law : The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakenin...
Corporate Law : The Bar Council of India has officially confirmed that the IGNOU-ICAI B.Com (Accountancy & Finance) degree meets all eligibility c...
CA, CS, CMA : ICAI has announced Live Virtual Revisionary Classes for CA Intermediate students appearing in the September 2026 examinations. The...
CA, CS, CMA : ICAI's Board of Studies has invited Expressions of Interest from qualified professionals and academicians for empanelment as facul...
CA, CS, CMA : ICAI has notified the Information Systems Audit (ISA) Assessment Test for 25 July 2026 in CBT mode. The announcement specifies eli...
CA, CS, CMA : ICAI has clarified that members coaching students or having relatives appearing in the examinations are not eligible for Observer ...
CA, CS, CMA : The Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering partners...
CA, CS, CMA : The Delhi High Court held that one of the meetings relied upon for automatic vacation of the petitioner’s seat was convened with...
CA, CS, CMA : The Court examined whether a complaint arising from a family dispute can be entertained in misconduct proceedings. It held that su...
CA, CS, CMA : The High Court held that a direct appellate challenge to the final removal order was not maintainable. The appeal was withdrawn wi...
CA, CS, CMA : The court affirmed disciplinary action where an auditor failed to detect ever-greening of assets and misreporting in audit account...
Income Tax : The ITAT Delhi has deleted a ₹25,000 penalty under Section 271A, ruling that F&O turnover for a trader should be calculated base...
CA, CS, CMA : ICAI notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select ...
CA, CS, CMA : ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not...
CA, CS, CMA : The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory r...
CA, CS, CMA : The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities ...
Corporate Law : The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Ce...
Removing difficulties being faced by the students for successfully completing 100 Hours Information Technology Training before the commencement of June, 2009 Professional Competence Examination. It has been brought to the notice of Board of Studies that some of the students who have to appear for the Professional Competence Examination to be held in June, 2009,are facing difficulties in successfully completing […]
Leading accountants will meet the Government this week to plead for protection as they prepare for a surge in litigation from investors trying to recover their losses from big company failures. The Big Four — Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC) — are braced for an increase in legal action from investors and […]
Institute of Chartered Accountants of India (ICAI) is mulling over bringing about some changes in the chartered accountancy course syllabus, ICAI President Uttamprakash Agrawal said on Wednesday. “Indian chartered accountants are capable enough not just to fight the economic downturn, but also guide the world on how to come out of it,” he said.
The Institute of Chartered Accountants of India (ICAI), the apex body to regulate the profession of chartered accountancy in the country, has selected 1,240 listed firms for peer review. According to ICAI President Uttam Prakash Agarwal, the peer review of these firms will be completed on a fast track basis and till now 4,000 firms […]
The Insurance Regulatory and Development Authority (IRDA) has refrained from directly appointing statutory auditors, by retaining the practice of prescribing eligibility criteria for appointment of auditors by insurers. IRDA would not have a panel of auditors and would not appoint auditors, as demanded by accounting regulator ICAI. The regulator has not been maintaining panel of auditors since 2005 and instead […]
Chartered accountants, company secretaries and cost accountants facing disciplinary action from their professional regulators can now appeal to a specialised appellate tribunal instead of a high court. The appeals will be heard by professionals who have regulatory experience and can deliver speedy decisions, an official in the ministry of corporate affairs said. The delay at […]
The Institute of Chartered Accountants of India (ICAI) is all set to launch its Risk Management Committee by mid-May, this year. The committee will work with state governments and corporates in putting up a risk management structure in these entities. The institute has been working in this regard since November, last year. “Around 70 per cent […]
Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user friendly and ensure that members do not face any problem in submitting the form. Apart from making form simple and user friendly members may note […]
Transfer of Article Further to the announcement dated 27th March, 2009, the transitional difficulties being experienced by members and students in the matter of transfer of articles, effected on or prior to 27th March, 2009 was considered by the Institute and with a view to mitigate the difficulties so experienced, it has been decided, as […]
The duo, both chartered accountants, had audited the accounts of Global Trust Bank in 2003. ICAI had, based on news reports, alleged that the external auditors had approved suspect accounts and data in RBI’s annual financial inspection (AFI) report, ordered that an inquiry be conducted by the disciplinary committee for alleged professional misconduct.
