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Posted Date : 22-Jul-2014 , 05:08:17 pm | Posted By CASANSAAR
The statutory authority that sets auditing standards to keep an eye on India Inc's cost records is now accused of gold-plating its own costs. A magistrate's court in Pune on July 19 directed Maharashtra police to register a formal complaint against executive members of the Institute of Cost Accounta...
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Posted Date : 21-Jul-2014 , 08:00:36 am | Posted By CASANSAAR
The row over the Cost Audit Rules introduced under the Companies Act has reached a flash point as the entire central council of the Institute of Cost Accountants of India (ICAI) submitted its resignation to Finance Minister Arun Jaitley, who also has the charge of the c...
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Posted Date : 14-Jul-2014 , 08:21:00 am | Posted By CASANSAAR
With the country gearing up for new accounting regime, apex body of chartered accountants ICAI has said it is ready with updated accounting standards that are converged with global norms. The Institute of Chartered Accountants of India (ICAI) has been working on the new Indian Accoun...
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Posted Date : 12-Jul-2014 , 12:49:01 pm | Posted By CASANSAAR
The result of the Information Systems Audit [ISA] AssessmentTest held on 28th June, 2014 is likely to be declared on 16th July, 2014 around 4.00 PM at the Institute’s office at New Delhi. The result of the above Assessment Test will be available on the Institute’s website www.ic...
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Posted Date : 06-Jul-2014 , 08:53:45 am | Posted By CASANSAAR
Seeking review of the rules, cost accountants' apex body ICAI said it excludes several industries from the cost audit ambit and that the new norms “defy logic". The Corporate Affairs Ministry, which is implementing the new companies law, came out with revised rules for cost records an...
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Posted Date : 05-Jul-2014 , 08:44:34 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will use the DTH platform of the Ministry of Human Resource Development to launch its TV channel on August 15. ICAI President K. Raghu said the proposed move would benefit nearly 8.3 lakh students pursuing the chartered accountancy cour...
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Posted Date : 04-Jul-2014 , 08:33:29 am | Posted By CASANSAAR
The Narendra Modi-led Government should review the existing bank branch audit norms, K Raghu, President of the CA Institute, has said. All bank branches in the country should be subjected to financial audit, Raghu suggested to the Finance Minister during an event here to markthe Chartered A...
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Posted Date : 20-Jun-2014 , 08:28:44 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India signed a Memorandum of Understanding with the Saudi Organization for Certified Public Accountants (SOCPA) yesterday at ICAI Bhawan, New Delhi. The MoU interalia provides that both ICAI and SOCPA would be working together in establishing possible c...
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Posted Date : 14-Jun-2014 , 08:30:07 am | Posted By CASANSAAR
Not letting her disability come in the way of reaching her goals has become Sarika Jain's second nature. The polio stricken Odisha woman has cleared the civil service examination in her first attempt, two years after qualifying the tough Chartered Accountancy exam. &nb...
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Posted Date : 11-Jun-2014 , 02:47:48 pm | Posted By CASANSAAR
The Committee on Management Accounting (CMA) of ICAI is conducting One Year Certificate Course on Master in Business Finance. CMA invites expression of interest from the authors, faculty of finance and professionals to contribute in developing Study Materials for different modules. List of different...
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Posted Date : 07-Jun-2014 , 09:00:10 am | Posted By CASANSAAR
In the next two years, India may require 30 lakh cost accountants to meet the fast-tracking growth of companies, according to P. Raju Iyer, chairman of the Southern India Regional Council of the Institute of Cost Accountants of India. He made the observation after signing a Memorandum of Un...
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Posted Date : 23-May-2014 , 09:48:55 am | Posted By CASANSAAR
One more controversy has erupted in the Institute of Chartered Accountants of India (ICAI). The premier body of financial watchdogs had been in the news over a land purchase scandal at Nagpur a couple of years ago.A member of the institute's disciplinary committee has formally registered a com...
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Posted Date : 20-May-2014 , 06:02:50 pm | Posted By CASANSAAR
May 20, 2014 A web portal, http://observers.icaiexam.icai.org has been developed and put in place, for handling the activities relating to Observers, for the Intermediate (IPC), Final and Post qualification course (IRM) examinations to be held in May/June 2014.The portal will be accessibl...
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Posted Date : 20-May-2014 , 04:31:14 pm | Posted By CASANSAAR
It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor. Members are h...
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Posted Date : 01-May-2014 , 07:25:09 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT May 1st, 2014 Subject: Zone-shifting of candidates for May / June - 2014 CA Exams Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Chennai, Delhi, Hyderabad, Indore and Mumbai, some of the candidates have bee...
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Posted Date : 28-Apr-2014 , 08:18:07 am | Posted By CASANSAAR
The accounting regulator Institute of Chartered Accountants of India (ICAI) has raised concerns over the demand of reporting every fraud to the Central government by auditors within 60 days under the new Companies Act. The ICAI has also urged the ministry of corporate affairs to relax the cap on nu...
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Posted Date : 24-Apr-2014 , 07:27:44 am | Posted By CASANSAAR
Accounting watchdog the Institute of Chartered Accountants of India (ICAI) will bring out a guidance note for auditors on detecting corporate fraud. This follows the new Companies Act making it mandatory for auditors to report corporate frauds to the government within a specified time fram...
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Posted Date : 23-Apr-2014 , 07:56:50 am | Posted By CASANSAAR
The chapter of Satyam scam is finally set to close as far as the accounting regulator, ICAI, is concerned. The Institute of Chartered Accountants of India (ICAI) has imposed a life-time ban on four auditors — S Gopalakrishna, Talluri Srinivas, V Srinivasa and VS Prabhakara Rao — involved...
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Posted Date : 22-Apr-2014 , 08:45:54 am | Posted By CASANSAAR
Many thanks to all users for their faith in CASANSAAR. Heartiest thanks to the lucky CA.Revati Galgali for getting developed 100th website (www.rvgco.in) from CASANSAAR. Great show by the team of CASANSAAR who have worked day and night continuously to achieve this landmar...
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Posted Date : 21-Apr-2014 , 06:57:45 am | Posted By CASANSAAR
“This is timely and appropriate in view global situation. Why should there be a monopoly of one profession? Cost-based and operational audits are required today. This is the age of professional accountants and not chartered accountants. Stakeholders need specific information,” SC Mohanty...
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Posted Date : 20-Apr-2014 , 05:43:28 pm | Posted By CASANSAAR
The Institute of Chartered Accountant of India (ICAI) plans to start women flexi working portal by next week, to facilitate female chartered accountants to work from home and having flexible working hours.Under the plan, ICAI flexi working portal would allow qualified CA women to have flexible worki...
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Posted Date : 16-Apr-2014 , 09:26:33 pm | Posted By CASANSAAR
1. The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 10th May, 2014 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 15th April, 2014. 2. Attendance of members, wh...
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Posted Date : 14-Apr-2014 , 08:45:58 am | Posted By CASANSAAR
CA Anand Agarwal, Age 26 ,who was posted in Assam for in service with Eastern Coal field ltd. He was found dead in his room on 04.04.2014. He was poisoned through Dinner. A news paper circulated this sad news. Police is not taking any substantial action due to possible involvement of Coal mafias a...
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Posted Date : 10-Apr-2014 , 07:59:03 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. By paying just ...
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Posted Date : 08-Apr-2014 , 09:19:15 pm | Posted By CASANSAAR
CLARIFICATION Applicability of the Companies Act, 2013 to Auditor’s Report to FY 2014-15 and Onwards The Ministry of Corporate Affairs, on 26th March 2014 notified a majority of the remaining sections of the Companies Act, 2013, including sections 139 to 148, relating to audi...
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Posted Date : 08-Apr-2014 , 08:24:27 am | Posted By CASANSAAR
The auditing fraternity is clearly facing the regulatory heat going by the recent rules notified under the new company law. Besides mandatory auditor rotation and requirement on reporting of frauds to the central government, the chartered accountants’ fraternity has to grapple with a ...
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Posted Date : 05-Apr-2014 , 08:41:44 am | Posted By CASANSAAR
For the first time, the CA Institute plans to frame a model roadmap for Indian economy and submit it to the new Central Government on its first day in office. Towards this end, the CA Institute will host a national summit on "Indian economy and way forward" in the capital on Saturday, Anuj ...
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Posted Date : 02-Apr-2014 , 06:37:24 am | Posted By CASANSAAR
Limiting the number of firms that can be audited simultaneously by an auditor could create practical difficulties for the profession, accounting regulator ICAI has said. Most of the provisions of the Companies Act, 2013, have come into effect from today. The new law would bri...
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Posted Date : 29-Mar-2014 , 10:19:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India, the regulator of corporate accounting and audits, is hoping the Union Ministry of Corporate Affairs will acknowledge its current role and accept its recommendations regarding avoidance of certain domain-overlapping functions with those of the proposed...
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Posted Date : 25-Mar-2014 , 08:19:04 am | Posted By CASANSAAR
Revising its earlier road map, ICAI has recommended that companies, having net worth of over Rs 500 crore, implement new accounting standards that converge with global norms from April 1, 2016. The Institute of Chartered Accountants of India (ICAI), the country's apex accounting wat...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
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- GST Important Update - Enhancement in the GST Portal
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
