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Ethical issues in Auditing

CA, CS, CMA : Explore the ethical issues in auditing, their consequences, and strategies for maintaining integrity. Understand how ethical stand...

July 13, 2024 642 Views 0 comment Print

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 2292 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 1077 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 10716 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 20007 Views 1 comment Print


Latest News


ICAI BoS Publications: Jan 2025 Foundation & Intermediate, Nov 2024 CA Final

CA, CS, CMA : Discover the latest updates from the Institute of Chartered Accountants of India for 2025 exams. Detailed analysis of course publi...

July 15, 2024 93 Views 0 comment Print

ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam

CA, CS, CMA : Stay updated with ICAI BoS Publications for September 2024 exams. Analysis of Foundation and Intermediate course subjects' edition...

July 15, 2024 594 Views 0 comment Print

Exposure Draft: Audit Quality Maturity Model (AQMM) version 2.0

CA, CS, CMA : Explore the Audit Quality Maturity Model (AQMM) v2.0 by ICAI. Review proposed changes, submit feedback, and shape the future of au...

July 13, 2024 306 Views 0 comment Print

ICAI Letter to CBDT on Technical Glitches in Income Tax Filing Portal

Income Tax : Read ICAI's concerns about technical glitches in tax filing and payment systems. Understand the impact on taxpayers and solutions ...

July 13, 2024 2544 Views 0 comment Print

ICAI raises Concerns in relation to Form 26AS/TIS/AIS and in e-filing ITR Forms

Income Tax : ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meetin...

July 13, 2024 13353 Views 7 comments Print


Latest Judiciary


ICAI can Proceed Against whole Firm if One Member cannot be held Responsible: HC

CA, CS, CMA : Delhi High Court rules that ICAI can hold entire CA firms accountable for misconduct, even if individual guilt isn't found. Full j...

July 10, 2024 4062 Views 0 comment Print

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 357 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 441 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 666 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 870 Views 0 comment Print


Latest Notifications


Partnership Act 1932: Auditing Not Mandatory Before Sharing Firm Financials with legal heirs

CA, CS, CMA : Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analy...

July 13, 2024 309 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 483 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 12, 2024 1035 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 12, 2024 438 Views 0 comment Print

Falsified financial statement Preparation: ICAI found Member guilty of misconduct

CA, CS, CMA : The ICAI's Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and othe...

June 12, 2024 426 Views 0 comment Print


ICAI: Case Study Digest at CA Final level

March 3, 2021 7275 Views 0 comment Print

In the six elective papers at the Final level, the assessment is open book and case-study based. The question paper comprises of five case studies of 25 marks each, out of which candidates have to attempt any four within four hours. Each case study of 25 marks comprises of MCQs for 10 marks (5 MCQs of 2 marks each) and descriptive questions for 15 marks.

Empanelment with ICAI to act as Examination Observer

March 1, 2021 4329 Views 0 comment Print

Empanelment Of Members To Act As Observers At The Examination Centres For The Chartered Accountants Examinations May 2021. It is proposed to empanel members to act as Observers for the forthcoming MAY – 2021 Chartered Accountants Examinations scheduled as under:

ICAI warns Students & members- Issues advisory for ‘objectionable’ social media posts

February 25, 2021 690 Views 0 comment Print

Institute of chartered Accountants of India, being the supreme institution for CAs, has always tried to protect the interest of the CA profession. Not only this but also the development of all the members and stakeholders by taking many initiatives. Such initiatives are targeted not only for regulating the profession but also to enhance the […]

Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations

February 25, 2021 1437 Views 0 comment Print

Ind AS 105 prescribes the accounting treatment for non-current assets held for sale and, and the presentation and disclosure of discontinued operations. It sets out the criteria for classification of a non-current asset (or disposal groups) as held for sale and discontinued operations.

Model Financial Statements for Non-Corporate Entities

February 23, 2021 8100 Views 0 comment Print

The focus on Non-Corporate Entities and scrutiny thereof by various regulators, financial institutions and others are increasing year on year. In this scenario as well as for the long term it is crucial for these Entities to strictly adhere to the various requirements in law and spirit. Understanding the need for regular audit and accounts […]

Schedule of ICAI Chartered Accountant Exam – May 2021

February 19, 2021 5205 Views 0 comment Print

ICAI announces Schedule of Chartered Accountant Examination – May 2021 for Chartered Accountants Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Examination Department The Institute of Chartered Accountants of India 19th February, 2021 IMPORTANT ANNOUNCEMENT No. 13-CA (EXAM)/M/2021: In […]

Exposure Draft of Annual Improvements to Ind AS (2021)

February 19, 2021 2316 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Annual Improvements to Ind AS (2021) issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft – Reference to Conceptual Framework -Amendments to Ind AS 103

February 19, 2021 738 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 103, Business Combinations, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft of Property, Plant and Equipment: Proceeds before Intended Use

February 19, 2021 948 Views 0 comment Print

Following is the Exposure Draft of proposed Amendments to Ind AS 16, Property, Plant and Equipments, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft – Onerous Contracts– Cost of Fulfilling a Contract

February 19, 2021 954 Views 0 comment Print

Following is the Exposure Draft of the proposed Amendments to Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

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