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Posted Date : 13-Dec-2013 , 03:05:28 pm | Posted By CASANSAAR
December 12, 2013 The result of the Information Systems Audit [ISA] Assessment Test held on 30th November, 2013 is likely to be declared on 15th December, 2013 around 8 PM at the Institute’s office at New Delhi.The result of the above Assessment Test will be available on the Institute&r...
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Posted Date : 11-Dec-2013 , 08:49:27 am | Posted By CASANSAAR
Regulators suspect the audits of several banks to be out of this world— not because of their high quality but because they are signed by deceased accountants.The authorities, who claim they are gravely concerned, will discuss the problem at the next meeting of the Financial Stability Developme...
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Posted Date : 09-Dec-2013 , 01:43:37 pm | Posted By CASANSAAR
1. As per the Statement on CPE a member is exempted only for the particular calendar year during which he gets his membership for the first time.2. For Example: members enrolled at any point of time during the Calendar year 2011 (1st January-31st December, 2011) are exempted for the Calen...
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Posted Date : 03-Dec-2013 , 03:21:18 pm | Posted By CASANSAAR
ICAI, the second largest accounting body in the world, set up by an Act of Parliament, is looking for a high profile and multi-faceted personality with leadership qualities, excellent communication, interpersonal and motivational skills for the position of Secretary. This is an EXCELL...
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Posted Date : 27-Nov-2013 , 08:27:52 am | Posted By CASANSAAR
One can claim the CPE hours by filing a Self Declaration Form with the ICAI after the end of every calendar year. Current Block for Compliance of CPE Hour is from 01.01.20111 to 31.12.2013. Members who have not filed self deceleration for Calendar Year 2011 & 2012 can al...
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Posted Date : 22-Nov-2013 , 08:17:09 am | Posted By CASANSAAR
President Pranab Mukherjee on Thursday said that the current economic environment poses many issues in the financial and accounting world, and added that the chartered accountants have an important role to play in advising the management as well as users of financial statements. ...
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Posted Date : 21-Nov-2013 , 08:45:22 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has ordered the removal of Harsh Vardhan Lodha and Aditya Lodha from the member-rolls of the institute for three months on grounds of professional misconduct. The two are senior partners of chartered accountant firm Lodha & Co. Harsh Vardh...
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Posted Date : 15-Nov-2013 , 08:33:35 am | Posted By CASANSAAR
The ICAI has issued this exposure draft on Investment Entities which includes amendments to Ind AS 110 Consolidated Financial Statements, Ind AS 112 Disclosure of Interests in Other Entities and Ind AS 27 Separate Financial Statements. The exposure draft is open for public commen...
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Posted Date : 13-Nov-2013 , 04:58:03 pm | Posted By CASANSAAR
No. ICAI / HRD(P)/35/2013 ...
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Posted Date : 08-Nov-2013 , 03:31:53 pm | Posted By CASANSAAR
The Direct Taxes Committee, Indirect Taxes Committee & Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda- 2014 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Taxes (includ...
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Posted Date : 02-Nov-2013 , 08:34:35 am | Posted By CASANSAAR
Observing that all was not well with the functioning of the Institute of Chartered Accountants of India (ICAI), Madras High Court today ordered issue of notice to the CBI and Central Vigilance Commission on a petition alleging financial irregularities by the office-bear...
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Posted Date : 30-Oct-2013 , 12:25:48 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test – November, 2013 [Last Date-12th November, 2013] Online Application Form Hard Copy Application Form Source :- ICAI...
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Posted Date : 30-Oct-2013 , 08:42:39 am | Posted By CASANSAAR
Ten years ago the Enron scam prompted the Sarbanes Oxley Act with measures to improve governance standards in corporate America and so was born the Public Company Accounting Oversight Board. PCAOB oversees the audits of public companies, has 2363 accounting firms registered with it, a staff of ...
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Posted Date : 29-Oct-2013 , 08:44:04 am | Posted By CASANSAAR
A Complaint for Professional Misconduct and abuse of official position has been filed with the Secretary ICAI, against CA. Raj Chawla, presently NIRC Vice-Chairman. Since last several months Mr. Chawla is grossly violating the code of conduct for the professionals. Secretary ICAI, has ackno...
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Posted Date : 18-Oct-2013 , 03:34:22 pm | Posted By CASANSAAR
17th October, 2013 64th Annual Report and Audited Annual Accounts of the Institute for the year 2012 - 2013. In accordance with the provisions as contained in sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Accounts of the Institute fo...
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Posted Date : 14-Oct-2013 , 08:56:01 pm | Posted By CASANSAAR
MAC (Part-I) CMC (Part-I) TMC (Part-I) DIRM ITL&WTO (Part-I) Source :- ICAI...
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Posted Date : 09-Oct-2013 , 02:08:15 pm | Posted By CASANSAAR
For kind information of the membersSub : Penal provisions for the members of the Institute who had not complied with their CPE Hours requirements for the block period of 3 years(1-1-2011 to 31-12-2013) In order to function the system of mandatory CPE effective, the Council of the Institute of...
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Posted Date : 02-Oct-2013 , 08:41:05 am | Posted By CASANSAAR
An associate of global accounting firm Ernst & Young in India, SV Ghatalia & Associates, auditors of the beleaguered National Spot Exchange (NSEL) for 2011-12, has been kept outside the purview of scrutiny by the Institute of Chartered Accountants in India (ICAI) into the factors t...
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Posted Date : 01-Oct-2013 , 01:53:44 pm | Posted By CASANSAAR
Since last couple of years this question has been become a Frequently Asked Question (FAQ) of each episode like what happened in last week in the wake of CBDT and Ministry of Finance virtually ignored and rejected the ICAI positions and written requests, representations made by the ICAI as...
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Posted Date : 27-Sep-2013 , 10:52:04 pm | Posted By CASANSAAR
ICAI has constituted a committee to look into amendments if any to be made in rules related to three consecutive term restriction on the continuance as member of the Regional Council vis-à-vis corresponding applicable rules pertaining to Central Counci...
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Posted Date : 26-Sep-2013 , 08:17:39 am | Posted By CASANSAAR
With the auditors withdrawing their audit report on crisis-hit NSEL’s promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the stakeholders concerned. “There are certain provisions in the auditi...
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Posted Date : 18-Sep-2013 , 01:57:48 pm | Posted By CASANSAAR
Please note that the last date for sending suggestions on the 2014 Guidance Note on Audit of Banks has been extended from 15th September 2013 to 07th October 2013. The suggestions can be sent at aasbsecretariat@icai.in ICAI...
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Posted Date : 14-Sep-2013 , 07:00:24 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India on Saturday said it will conduct inquiry in the matter of the 21-year-old CA student allegedly hacking the Income Tax account of industrialist Anil Ambani. Subodh Kumar Agrawal, president of ICAI, said the Hyderabad-based girl, who is pursuing...
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Posted Date : 04-Sep-2013 , 08:52:02 am | Posted By CASANSAAR
Of the 4,800 fresh CAs enrolled for placements, only 112 have got job offers in the last 1 month Slowing economic growth seems to have taken its toll on another profession—chartered accountancy. Fewer companies are recruiting chartered accountants, or CAs, whose job spans auditing and accou...
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Posted Date : 04-Sep-2013 , 08:02:14 am | Posted By CASANSAAR
The setting up of National Financial Reporting Authority (NFRA), a quasi-judicial body, will not impact the role of accounting regulator ICAI, an official said today. Under the new companies law, the government would be setting up the National Financial Reporting Authority (NFRA)...
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Posted Date : 01-Sep-2013 , 08:55:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India wants the central government to empower the ICAI to regulate, monitor and improve the quality of coaching, and also to save students from paying high amounts of fee. This has become necessary as some corporate colleges in Andhra Pradesh and so...
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Posted Date : 28-Aug-2013 , 08:46:18 am | Posted By CASANSAAR
A Chartered Accountant (CA) has been taken into custody by the Central Crime Station (CCS) sleuths for duping a bank to the tune of Rs 12 crore. According to CCS, a case was registered against Sai Baba, a chartered accountant from Guntur under various sections, including 42...
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Posted Date : 27-Aug-2013 , 04:16:12 pm | Posted By CASANSAAR
As the members are aware, e-filing of Tax Audit Reports has been made mandatory from the AY2013-14 onwards vide Notification No. 34/2013 dated 01-05-2013. In order to e-file Tax AuditReport a Chartered Accountant requires to register himself in the e-filing portal as a “Taxprofessional”....
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Posted Date : 27-Aug-2013 , 08:48:47 am | Posted By CASANSAAR
An action plan has been prepared to extend the services of Chartered Accountants (CA) to banks and cooperatives in a big way, and the Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI) is holding talks with heads of various banks in the southern States i...
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Posted Date : 27-Aug-2013 , 08:40:46 am | Posted By CASANSAAR
Chartered Accountants (CAs) will have to use audited financials of non-corporates, including limited liability partnerships (LLPs), to certify their adjusted total income figures so as to help them pay the mandatory alternate minimum tax (AMT). According to the latest guidance note released by the I...
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