The Institute of Chartered Accountants of India (ICAI), the national standard setting body of auditors, has proposed comprehensive changes to the current accounting practices in commercial banks to make bank audits foolproof and effective.
The ministry of corporate affairs (MCA) does not plan to push for an ordinance to ensure India meets the deadline on conforming to International Financial Reporting Standards (IFRS), reversing its earlier stance, according to two officials at the min
Within days of opening the registration, exporters have applied for about 30 per cent of the cotton permitted for exports in the backdrop of high global prices. Of the 55 lakh bales (170 kg each) allowed for exports in the current season, traders hav
In a bid to make 12th Five Year Plan (2012-17) more inclusive and effective, the Plan panel today launched a web portal to get public feedback on the ‘Approach Paper to 12th Plan’. Before unveiling any five year Plan, the Plan panel prepares an appr
New Delhi, Oct 5 (PTI) The CBI has filed chargesheet against former member of Company Law Board R Vasudevan and five others for allegedly accepting a bribe of Rs seven lakh for giving a favourable order in a case being presided over by him.
The Union Cabinet today approved ‘The Judicial Standards and Accountability Bill, 2010” and its introduction in the Parliament. The Bill provides a mechanism for enquiring into complaints against the Judges of the Supreme Court and the High Courts, l
Last week, Mahindra Satyam had disclosed several tax matters with respect to the company that it had acquired. It has now moved the tax tribunal for grant of relief in one of the matters, reports quoting Central Board of Direct Taxes (CBDT) sources.
FORMER Central Excise Commissioner Ms LR Mithran was sentenced to a four year Rigorous Imprisonment with a fine of Rs. 20,000 for accepting a bribe of Rs. 8 lakhs from an assessee for reducing his duty liability from Rs. 36 Crores to Rs. 9 Crores.
“As per the Act, the institute can take disciplinary action against our members but not against other firms. It is becoming extremely important to curb ill practises. So, for the first time, the ICAI has decided to recommend the Union government that
This has reference to your application for the multipurpose panel for the year 2010-11. The draft Bank Branch Auditors’ panel for the year 2010-11, prepared thereof is hosted at the following link, for your ready reference. Application No MEF00001 to MEF10000
