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 : ICAIs Board of Studies has announced free Live Virtual Classes for CA Final students appearing in May and November 2027 examinatio...
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 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 The appeal was withdrawn wi...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...
FAIS 510 on Reporting Results mandates a written report comprising of the findings along with the evidence relied upon by the Professional in a structured manner to provide the stakeholders with a balanced and factual account of the outcome of Forensic Accounting and Investigation (FAI) engagements.
FAIS 430 on Loans or Borrowings is a specialised Standard related to disputed transactions of loans or borrowings. Both fund based and non-fund based loans or borrowings are covered, (including personal loans or borrowings) extended by banks as well as non-banking finance corporations
This Guidance Note (GN) deals with practical application of Quality Control (QC) techniques to support the Professional in ensuring a consistent approach for an acceptable quality of work performed.
FAIS 250 on Communication with Stakeholders expects the Professional to appreciate the need for a clear, continuous, two-way communication with several stakeholders at various stages of the Forensic Accounting and Investigation (FAI) engagement
FAIS 240 on Engaging with Agencies expects the Professional to understand the responsibilities which apply when asked to engage with the agencies and how to apply these in a Forensic Accounting and Investigation (FAI) engagement
FAIS 230 on Using the Work of an Expert expects the Professional to understand the responsibilities when reliance is placed on the work of another Professional considered to be an expert in some area relevant to the engagement
Forensic Accounting and Investigation Standard (FAIS) 220 on Engagement Acceptance and Appointment deals with the responsibility of the Professional prior to agreeing with the terms of the engagement during appointment
A hypothesis is a provisional unproven theory supposition or proposed explanation based on limited facts assumptions and observations the merits of which needs to be established through further examination and study of evidence
FAIS 130 on Laws and Regulations deals with the responsibility of the Professional to understand the provisions of laws and regulations and how these apply to Forensic Accounting and Investigation (FAI) engagements.
FAIS 120 on Fraud Risk expects the Professional to understand the fraud risk concepts and apply these in a Forensic Accounting and Investigation (FAI) engagement
