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Unveiling Professional Misconduct: NFRA’s Order on Seya Industries Limited’s Statutory Audit

Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...

January 11, 2024 711 Views 0 comment Print

What are Professional Misconducts of a Chartered Accountant – Part -3

CA, CS, CMA : Discover the professional misconducts of a Chartered Accountant in Part 3 of our series. Learn about the implications and conseque...

September 29, 2022 4335 Views 0 comment Print

Is “Zero Outstanding” of Audit Fee necessary before Signing Audit Report?

CA, CS, CMA : The Word of Caution and the Good News for Auditors: The auditor is now required to ensure zero outstanding of audit fee before sig...

August 20, 2021 28479 Views 4 comments Print

Revised code of ethics & its importance in CA profession

CA, CS, CMA : While the revised Code retains the fundamental ethical principles from the earlier code, it covers refreshed approach and contains...

April 10, 2021 4137 Views 0 comment Print

Regularization of Firms & Professional Immunity to Chartered Accountants

CA, CS, CMA : In India, majority of business class population comes from middle class and what business they do is of no relevance here but how ...

December 9, 2020 8091 Views 1 comment Print


Latest News


ICAI Reporting Requirements: Fees Disclosure in Revised Code of Ethics

CA, CS, CMA : Learn about ICAI's reporting requirements for fees disclosure under revised Code of Ethics. Discover key details and implications ...

October 7, 2023 8403 Views 0 comment Print

Advisory on Use of designation Chartered Accountant or prefix CA

CA, CS, CMA : Ethical Standards Board The Institute of Chartered Accountants of India 22nd October, 2022 Advisory Sub.: Use of designation ̶...

October 23, 2022 14121 Views 0 comment Print

Volume-I of Code of Ethics, 2019 for CAs Applicable wef 01.10.2022 with changes

CA, CS, CMA : Disclosure is required where for two consecutive years, gross annual professional fees from an audit client represent more than 40...

September 30, 2022 10023 Views 0 comment Print

What are Professional Misconducts of a Chartered Accountant – Part 1

CA, CS, CMA : A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, ...

September 20, 2022 2673 Views 0 comment Print

ICAI Defers certain provisions of Volume-I of Revised Code of Ethics, 2019

CA, CS, CMA : ICAI Council decided that the applicability of provisions related to 1. Responding to Non-Compliance with Laws and Regulations (NO...

April 1, 2022 1974 Views 0 comment Print


Latest Notifications


ICAI Removes Members: Permanent Removal and 1-Year Suspension

CA, CS, CMA : ICAI takes disciplinary action, permanently removing two members and suspending one for a year. Get the details on the cases, appe...

December 27, 2023 4884 Views 0 comment Print

ICAI Removes Names of CAs for Misconduct

CA, CS, CMA : Read the notifications from the Institute of Chartered Accountants of India (ICAI) regarding the removal of names of Chartered Acc...

July 14, 2023 2562 Views 1 comment Print

ICAI removes name of 2514 members for non-payment of Fees

CA, CS, CMA : The Institute of Chartered Accountants of India (ICAI) has issued several significant notifications in July 2023. These notificati...

July 5, 2023 7818 Views 0 comment Print

ICAI Removes name of two Chartered Accountants from Register of Members

CA, CS, CMA : Institute of Chartered Accountants of India (ICAI) has issued notifications regarding the removal of CA Basudeb Mukhopadhyay and C...

June 16, 2023 5094 Views 0 comment Print

ICAI imposes fine on 4 Chartered Accountants for Professional Misconduct

CA, CS, CMA : Ordered for removal of name of CA. Pradeep Kumar Manglik from Register of Members for a period of 3 (Three) months and also impose...

April 28, 2023 5697 Views 0 comment Print


Clarification with regard to CA/CA Firms registering on GeM Portal

March 4, 2022 4422 Views 0 comment Print

It is hereby clarified that the Chartered Accountants in Practice/Firms of chartered accountants are permitted to register on GeM Portal for rendering professional services. The information being published on the portal should be in compliance with the provisions of Code of Ethics.

ICAI removes name of one member and restore name of one Member

February 14, 2022 1722 Views 0 comment Print

It is hereby notified that the name of CA. M. Jayaraman (Membership No. 207004), shall stand removed from the Register of Members for a consolidated period of 13(Thirteen) months [01(one) year plus additional 1(one) month] with effect from 14th February, 2022.

ICAI removes name of 4 CA members for from Register of Members

February 4, 2022 10233 Views 0 comment Print

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 4th February, 2022 (Chartered Accountants) No. PPR/P/052/18/DD/12/ INF/19/DC/1355/2020.— In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional […]

ICAI removes names of 8 CA members wef 20th January, 2022

January 20, 2022 9933 Views 0 comment Print

ICAI removes names of 8 Chartered Accountants from the Register of Members with effect from 20th January, 2022 vide various notifications issued by it on 20th January, 2022 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 20th January, 2022 (Chartered Accountants) No. PR-174/2012-DD/189/2012-DC/444/2016.—In terms of […]

ICAI removes name of 6 CA members from Register of Members on 11.06.2022

January 11, 2022 5562 Views 0 comment Print

ICAI removes name of 6 Chartered Accountants from Register of Members vide notifications dated 11th January, 2022 for Professional Misconduct under provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007. […]

Adjudication of correctness of CA’s report by Disciplinary committee of ICAI, no need once the report passed judicial scrutiny

December 7, 2021 2142 Views 0 comment Print

The court sanctioned the Scheme of Amalgamation vide judgement dated 26.03.2015 and it is apparent that the Court found no fault with or falsity in the report. Once the report passed the threshold of judicial scrutiny, there was no reason why the Disciplinary Committee of ICAI should have adjudicated the correctness or otherwise of the report.

ICAI Takes action against 22 Members | 490 extra Audit- 490K Penalty

October 22, 2021 54693 Views 2 comments Print

ICAI has issued 22 Notifications Dated 22nd October 2021 by which it has Taken action against 22 Chartered Accountants for Violation of Code of Ethics and for Professional Misconduct. In one case ICAI has Taken against a member and member has been ordered to pay a fine of Rs. 1000/- for each case of audit […]

ICAI Should Give Reasons for its Decisions to De-Register A CA: SC

October 11, 2021 3171 Views 0 comment Print

D.K. Agrawal Vs Council of Institute of Chartered Accountants of India (Supreme Court of India) Hon’ble Supreme Court held that the Council of Institute of Chartered Accountants of India (Respondent) needs to necessarily record reasons in its report as to why a CA must be de-registered. It has been held that the Respondent needs to […]

Is “Zero Outstanding” of Audit Fee necessary before Signing Audit Report?

August 20, 2021 28479 Views 4 comments Print

The Word of Caution and the Good News for Auditors: The auditor is now required to ensure zero outstanding of audit fee before signing current year audit report as per the Revised Code of Ethics. Legal Position as per Code of Ethics, 2019 Section 410.7 A1 A self-interest threat might be created if a significant […]

ICAI: Applicable date of certain deferred provisions of Revised Code of Ethics, 2019

July 26, 2021 612 Views 0 comment Print

As the members are aware, the revised 12th edition of Code of Ethics has come into effect from 1st July, 2020. It is accessible on www.icai.org. It may further be recalled that the Council at its 393rd Meeting held on 30th June and 1st July, 2020 decided that due to the prevailing situation due to Covid-19, the effective date of the following provisions of Volume-I of Code of Ethics, 2019 be deferred till further notification

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