The Audit Quality Maturity Model -Version 1.0 (AQMM v1.0) is a capacity building measure initiated by ICAI and the objective of this Evaluation Matrix is for sole proprietors and Audit firms to be able to self-evaluate their current level of Audit Maturity, identify areas where competencies are good or lacking and then develop a road map for upgrading to a higher level of maturity.
DISA (Diploma in Information System Audit) is Post Qualification Course which is conducted by Institute of Chartered Accountant of India for there member. Now a days , due to corona DISA course is also available virtual course. If anybody want to do this virtual course following step have to do: Step :1 First Member have […]
Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) are applicable to Non-company entities to whom Ind AS are not applicable. For applicability of AS, the ICAI in 2004, prescribed the criteria classifying entities as Level I, Level II and Level III, wherein subsequently minor revisions were made. Level II and […]
A reply to RTI Filed by a CA Ram Bajaj from Rajasthan revealed that CBIC has collected Penalties of Rs. 102 Crore For financial Year 2017-18, Rs. 479 Crore For financial Year 2018-19, Rs. 567 Crore For financial Year 2019-20 and Rs. 461 Crore For financial Year 2020–21 (Till February 2021). CBIC has collected around […]
The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The existing portal of the Department at www.incometaxindiaefiling.gov.in would not be available to taxpayers as well as other external stakeholders for a brief period of 6 days i.e. from 1st June, 2021 to 6th June, 2021. Taxpayers would […]
The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Service Centres (IFSCs) in India.
Cabinet approves Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with Foreign Countries/Organisations
Manpreet Singh Badal. Minister for Finance & Planning, Punjab has raised following critical concerns in his letter to Nirmala Sitharaman, Minister of Finance and Corporate Affairs – 1. Need GST with Heart Life-saving items for COVID-19 imposed Basic Custom Duties of upto 20% & GST upto 18%. 2. GST Implementation Committee (itself illegal) bypassing & […]
E-Committee, Supreme Court of India has released Manual for its top citizen-centric service- free ‘e-Courts Services Mobile app’ in 14 languages (English, Hindi, Assamese, Bengali, Gujarathi, Kannada, Khasi, Malayalam, Marathi, Nepali, Odia, Punjabi, Tamil, Telugu).
Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur launches 1st Phase of MCA21 Version 3.0. Revamped website, e.Book, e.Consultation module and new email services deployed for better stakeholders’ experience introduced
