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 : The Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering partners...
CA, CS, CMA : ICAI has warned members and students against fraudulent calls, emails, and WhatsApp messages seeking confidential information and ...
CA, CS, CMA : The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing...
CA, CS, CMA : Candidates can raise concerns regarding exam papers through email or post. The Institute will consider only properly submitted res...
CA, CS, CMA : The issue focused on strengthening public financial management for effective governance. ICAI emphasized reforms such as accrual a...
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 The appeal was withdrawn wi...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 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...
CA, CS, CMA : The issue concerns disciplinary action for professional misconduct. The ruling enforces removal from membership and bars practice ...
Starting January 2026, ICAI has simplified the CPE exemption process by allowing medical self-declarations and introducing new flexibility for pregnancy-related claims. The update also mandates 10 hours of learning for members who generate a UDIN during their exempted period.
This explains what materiality means in an audit and why it matters for financial decision-making. The key takeaway is that materiality guides auditors in focusing on misstatements that truly influence users.
The UDIN portal now captures prior auditor information to ensure ethical compliance, professional discipline, and a traceable audit trail without exposing client data.
The implementation of Phase IV of the peer review mandate has been postponed by one year. Firms now have time until 31 December 2026 to meet the certification requirement.
The event addressed the formal entry of newly qualified CAs into the profession. It highlighted the emphasis on ethics, governance, and professional responsibility.
The case involved alleged facilitation of tax evasion through fake political donations. The Board held that failure to timely retract an incriminating statement and lack of evidence led to a finding of misconduct.
The case involved a professional admitting involvement in a scheme facilitating fake donations for tax benefits. The Board relied on the admission and supporting evidence to hold misconduct.
Issue: Clash between exam date and municipal elections. Ruling: Auditing and Ethics paper postponed to 19 January 2026. Admit cards and exam centres remain unchanged.
Explains why the CA profession feels crowded and clarifies that the issue lies in role concentration, not overall oversupply.
FAQs confirm that only practicing professionals with a full-time CoP can generate UDINs, while others may only view past records. This tightens access control and improves document authenticity.
