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ICAI – Eligibility Test for ISA PQC scheduled to held on 10th May, 2009

Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Sunday the 10th May, 2009 Last Date for Online Form Submission 30th April , 2009 1. The next Eligibility Test for ISA PQC is scheduled to be held on Sunday the 10th May, 2009 from 09.00 a.m. to 1.00 p.m. A detailed […]...

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Posted Under: CA, CS, CMA |

CBI arrests CA Sunil Shah & tax consultant Dinesh Mathuria for graft

The anti-corruption wing of the Central Bureau of Investigation (CBI) on Wednesday arrested a chartered accountant (CA) and a tax consultant for demanding a bribe of Rs 6 lakh from a 70-year-old woman to get her case settled at the Income Tax (I-T) office. The CBI who initially had also registered a case against a […]...

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Posted Under: CA, CS, CMA |

Sebi to revise client-broker agreement norms to stop squandering of client

In order to stop squandering of client funds, the Securities and Exchange Board of India is planning to issue new norms for client-broker agreement in a month’s time. A client-broker agreement lists terms and conditions relating to order and trade confirmation, contract notes, brokerage, settlement schedules, margin payments and dis...

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Posted Under: CA, CS, CMA |

HDFC Bank fined for forcible seizure of car financed by it

The Delhi Consumer Commission has directed the HDFC Bank to pay Rs 35,000 as compensation to an export house for forcibly seizing a financed car on its failure to pay two instalments."Whenever any bank resorts to such a method, it is liable to compensate the consumer as to the mental agony, harassment and humiliation suffered by him and ...

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Posted Under: CA, CS, CMA |

Educational loans provided by banks are meant only for poor and meritorious student: Madras HC

The Madras high court bench in Madurai has ruled that educational loans being provided by the banks are meant only for poor and meritorious students who can not not pursue their studies due to poverty. Dismissing a writ petition, filed by Harish Babu of Aruppukottai on Thursday, Justice S Manikumar said students with means to […]...

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Posted Under: CA, CS, CMA |

ICAI cancelled Online Common proficiency Test scheduled on 29th March,2009

IMPORTANT ANNOUNCEMENT In partial modification of our Announcement dated 12th February ,2009 , it is hereby notified for the information of general public that the Online Common proficiency Test scheduled on 29th March,2009 has been cancelled owing to less number of candidates applying for the same . However , on 28th March, 2009 the onli...

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Posted Under: CA, CS, CMA |

ICAI announces date of CPT Exams June 2009

The next Common Proficiency Test (CPT) ( Paper-Pencil Mode) of the Institute will be held on 28th June, 2009 at the following centres :  1) Centres in India –  Agra, Ahmedabad, Ahmednagar, Ajmer, Akola, Alappuzha, Aligarh, Allahabad, Alwar, Ambala, Amravati, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bareilly, Bathinda, Bea...

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Posted Under: CA, CS, CMA |

PWC maintains that it did not play any role in the alleged financial irregularities of Satyam

Auditing and consulting firm PricewaterhouseCoopers (PwC) maintains that it did not play any role in the alleged financial irregularities of  fraud-mauled Satyam Computer Services Limited, but is looking back at “significant lessons” from the controversy linked to accusations that its  partners rubber-stamped doctored accounts in th...

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Posted Under: CA, CS, CMA |

Fund managers not willing to annouce dividend this year

Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from payouts this year, as a savage share market decline limits distributable surplus. Only seven tax funds have announced dividends in 2008/09, compared to 20 last year. The March quarter, which typically sees hecti...

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Posted Under: CA, CS, CMA |

Companies will be bound to restate their financial statements if auditors raise objections

The era of qualified company accounts is about to close. Companies will have to restate their financial statements if auditors raise objections to any figure in annual accounts, if the government accepts a proposed recommendation of the Institute of Chartered Accountants of India (ICAI). Annual reports would contain financial statements t...

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Posted Under: CA, CS, CMA |

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