CMA

Why Partnership Firm is better suited for Practicing CA, CS & CMA?

CA, CS, CMA - If you want to walk fast, walk alone. But if you want to walk far, walk together. – Ratan Tata Let us first go through this data published Professional Development Committee ICAI  February-2019 edition, where almost 70% CA practicing as a Proprietorship firm and around only 3% partnership firm having more than 6 partners. There [&h...

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STRATEGIC USE OF TECHNOLOGIES – AI & ML for Professionals

CA, CS, CMA - STARTEGIC USE OF TECHNOLOGIES – AI and ML for Professionals- By CS Haresh Jani and CA Vikram Pandya & ANALYSIS OF IMPACT OF TECHNOLOGY ON PROFESSIONALS By CS Amita Desai CS Haresh Jani initiated the session at IMC organized by Manoyog GRC Advisors Private Limited. He explained in brief the advantages and use of Technology. […...

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FAQ on certified copies of answer sheets under RTI

CA, CS, CMA - To establish and follow the law laid down by Supreme Court in the judgement ICSI Vs. Paras Jain, ICAI appointed CPIOs exclusively for providing certified copies under RTI dated 29th Aug 2019....

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Root Cause Analysis | Structured problem solving

CA, CS, CMA - Root Cause Analysis (RCA) is one of a group of classic methodologies known as structured problem solving. Today, we find that RCA is one of the hottest topics in the world of audit and accounting. It is also very much vibrant from the data shared by Future of Jobs Survey 2018, World Economic Forum that […]...

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Second Installment of Advance Income Tax -Due Date – 15th September 2019

CA, CS, CMA - When payment of Advance Income Tax is necessary? If the Income tax liability of any assessee, for the Assessment year 2020-21 (Financial Year 2019-20) i.e. for the year from 1st April, 2019 to 31st March, 2020 is, likely to exceed Rs.10,000/-, then payment of Advance Income Tax is mandatory. If a company does not have […]...

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Postponement of CMA Examinations for June, 2020 Term

CA, CS, CMA - Institute of Cost Accountants of India has decided to postpone the examinations for June, 2020 term due to outbreak of Novel Coronavirus (COVID-19) and subsequent lockdown situation in the country. The Foundation, Intermediate and Final examinations that were scheduled from 11th- 18th June, 2020 will now commence from 20th July, 2020....

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Conceptual Approach to Board Reporting Framework A Post COVID-19 Corporate Governance Perspective

CA, CS, CMA - The objective of this paper is to provide a conceptual Corporate Governance perspective to the Board Reporting Framework – Post COVID 19 which will serve as an internal document from the managements mirroring the renaissance of the related entity....

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CMA June 2020 examination -Studies & Exam related FAQs

CA, CS, CMA - What is the last date of filing application form for CMA June 2020 examination? Students willing to apply for CMA Foundation, Intermediate, and Final exams will now be able to fill their examination forms till April 20, 2020. Candidates will not have to pay any late fee....

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Date for payment of Membership & COP Fees for Cost Accountants

CA, CS, CMA - It is being observed that number of members of the Institute, whether in practice or not, have raised concerns over the payment of Annual Membership Fee and Renewal of Certificate of Practice on or after 1st April 2020 in wake of COVID 19 lock down....

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Empanelment of CA/ICWA for Audit of GST/Service Tax/Excise Assessees

CA, CS, CMA - he CGST, Audit - I Commissionerate, New Delhi, proposes to prepare a panel of Chartered Accountants and Cost Accountants so as to nominate them to conduct special audit of accounts of Central Excise, Service Tax and GST as envisaged under the said Section....

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Cost Accountants in practice cannot work as MD in a company

Ashok B. Nawal Vs ICWAI (Appellate Authority) - It was clear that despite knowing the fact that Managing Director (MD) was not allowed under the CWA Act, the Respondent had accepted the position of MD and also protecting the same. ...

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Order of Chennai High Court in the matter of Use of Trademark ‘ICAI’

V. Venkata Siva Kumar Vs Institute of Cost Accountants of India (Madras High Court) - V. Venkata Siva Kumar Vs Institute of Cost Accountants of India (Madras High Court) The petitioner seeks for a mandamus directing the first respondent to strictly comply with Sec 2(2) of Cost and Works Accountants Act 1959 as amended and desist from encroaching into the domains earmarked for the thi...

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CAs lost battle against CMAs on Co-Operative Society Audit issue

Karnataka State Chartered Accountants Association, Bangalore & Ors. Vs The State of Karnataka, Department of Co-operation & Ors. (Karnataka High Court) - It is the case of the petitioners that succumbing to the pressure of lobbying and political pressure, brought by the members of the Cost Accountants fraternity, the State Legislature sought to bring a further amendment to Section 63 of the KCS Act, by Act no. 35 of 2014....

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HC Order allowing CA, CMA and CS to appear before VAT Authorities

Tax Lawyers Association Lko.Throu General Secy.& Anr. Vs State Of U.P. Thru. Prin. Secy.Tax & Registration U.P.Lko.& Ors (Allahabad High Court) - the writ petition, which has been admitted by an order passed the Division Bench on 6 August 2014, there is a challenge to the validity of Rule 73 of the U.P. Value Added Tax Rules, 2008 on the ground that they are ultra vires the provisions of the U.P. Value Added Tax Act, 2008 and the Advocates A...

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ICMAI mandates 15 Month Practical Training for students

Ref. No.: G/128/1/2019-2020 - (14/01/2020) - 1. Under this scheme students are required to undergo a Practical Training for at least 15 months instead of 6 months. 2. This training scheme will be applicable for the students registering in Intermediate Course for the December 2020 term examination onwards....

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Change in Constitution of Appellate Authority under CA, CS, CMA Laws

Notification No. G.S.R. 413(E) - (10/12/2016) - Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...

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No further deferment of Standard on Auditing 701 (SA 701): MCA

F. No. 01/33/2013-CL.V (Pt.) - (12/04/2019) - Further deferral of SA 701 cannot be permitted and it remains applicable for audits of financial statements for periods beginning on or after 1st April, 2018:‑(i) SA 701 was issued in May, 2016 with applicability for all audits of the year 2017-18 onwards. On the grounds of lack of adequate time f...

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Elections of councils of Institute of Cost Accountants of India

No. EL-2019/1, No. EL-2019/2, No. EL-2019/3, No. EL-2019/4, No. EL-2019/5, No. EL-2019/6, No. EL-2019/7, No. EL-2019/8, No. EL-2019/9 - (26/03/2019) - THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION Kolkata, the 26th March, 2019 ELECTIONS TO THE COUNCIL AND THE REGIONAL COUNCILS, 2019 The present (four-year) term of the Nineteenth Council will come to an end on July 21, 2019. For the purpose of constituting Twentieth Council on July 22, 20...

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No Mandatory Training for Renewal of CoP to Cost Accountants

Notification No. CWA/21/2019 - (08/03/2019) - The Institute of Cost Accountants of India has amended its recent notification and rectified its mistake due to which it was mandated Training for Renewal of CoP to Cost Accountants while its was intended for Issue of certificate of practice (CoP) THE INSTITUTE OF COST ACCOUNTANTS OF INDIA CORRIGEND...

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Recent Posts in "CMA"

Why Partnership Firm is better suited for Practicing CA, CS & CMA?

If you want to walk fast, walk alone. But if you want to walk far, walk together. – Ratan Tata Let us first go through this data published Professional Development Committee ICAI  February-2019 edition, where almost 70% CA practicing as a Proprietorship firm and around only 3% partnership firm having more than 6 partners. There [&h...

Read More
Posted Under: CA, CS, CMA |

Postponement of CMA Examinations for June, 2020 Term

Institute of Cost Accountants of India has decided to postpone the examinations for June, 2020 term due to outbreak of Novel Coronavirus (COVID-19) and subsequent lockdown situation in the country. The Foundation, Intermediate and Final examinations that were scheduled from 11th- 18th June, 2020 will now commence from 20th July, 2020....

Read More
Posted Under: CA, CS, CMA |

Conceptual Approach to Board Reporting Framework A Post COVID-19 Corporate Governance Perspective

The objective of this paper is to provide a conceptual Corporate Governance perspective to the Board Reporting Framework – Post COVID 19 which will serve as an internal document from the managements mirroring the renaissance of the related entity....

Read More
Posted Under: CA, CS, CMA |

CMA June 2020 examination -Studies & Exam related FAQs

What is the last date of filing application form for CMA June 2020 examination? Students willing to apply for CMA Foundation, Intermediate, and Final exams will now be able to fill their examination forms till April 20, 2020. Candidates will not have to pay any late fee....

Read More
Posted Under: CA, CS, CMA |

Date for payment of Membership & COP Fees for Cost Accountants

It is being observed that number of members of the Institute, whether in practice or not, have raised concerns over the payment of Annual Membership Fee and Renewal of Certificate of Practice on or after 1st April 2020 in wake of COVID 19 lock down....

Read More
Posted Under: CA, CS, CMA |

STRATEGIC USE OF TECHNOLOGIES – AI & ML for Professionals

STARTEGIC USE OF TECHNOLOGIES – AI and ML for Professionals- By CS Haresh Jani and CA Vikram Pandya & ANALYSIS OF IMPACT OF TECHNOLOGY ON PROFESSIONALS By CS Amita Desai CS Haresh Jani initiated the session at IMC organized by Manoyog GRC Advisors Private Limited. He explained in brief the advantages and use of Technology. […...

Read More
Posted Under: CA, CS, CMA |

FAQ on certified copies of answer sheets under RTI

To establish and follow the law laid down by Supreme Court in the judgement ICSI Vs. Paras Jain, ICAI appointed CPIOs exclusively for providing certified copies under RTI dated 29th Aug 2019....

Read More
Posted Under: CA, CS, CMA |

ICMAI mandates 15 Month Practical Training for students

Ref. No.: G/128/1/2019-2020 (14/01/2020)

1. Under this scheme students are required to undergo a Practical Training for at least 15 months instead of 6 months. 2. This training scheme will be applicable for the students registering in Intermediate Course for the December 2020 term examination onwards....

Read More

Root Cause Analysis | Structured problem solving

Root Cause Analysis (RCA) is one of a group of classic methodologies known as structured problem solving. Today, we find that RCA is one of the hottest topics in the world of audit and accounting. It is also very much vibrant from the data shared by Future of Jobs Survey 2018, World Economic Forum that […]...

Read More
Posted Under: CA, CS, CMA |

Empanelment of CA/ICWA for Audit of GST/Service Tax/Excise Assessees

he CGST, Audit - I Commissionerate, New Delhi, proposes to prepare a panel of Chartered Accountants and Cost Accountants so as to nominate them to conduct special audit of accounts of Central Excise, Service Tax and GST as envisaged under the said Section....

Read More
Posted Under: CA, CS, CMA |

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