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Posted Date : 23-Aug-2013 , 12:19:48 pm | Posted By CASANSAAR
National Spot Exchange Limited's (NSEL) books could face yet another round of audit as the disciplinary committee of Institute of Chartered Accountants of India (ICAI), which regulates close to 90,000 CA professionals, is open to initiating suo moto action to find out lapses on part of aud...
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Posted Date : 22-Aug-2013 , 08:54:42 pm | Posted By CASANSAAR
1. The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is on...
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Posted Date : 19-Aug-2013 , 07:33:22 pm | Posted By CASANSAAR
Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Saturday the 19th October, 2013 Last Date for Online Form Submission 7th October, 2013 till 5:30 PM 1. The next Eligibility Test for ISA PQC is scheduled to b...
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Posted Date : 19-Aug-2013 , 08:24:10 am | Posted By CASANSAAR
A high-level government panel is likely this week to take a final call on the new accounting norms, that would converge with international standards.Taking into consideration the interests of the domestic industry, the proposed Indian Accounting Standards (Ind AS) would only converge with the global...
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Posted Date : 10-Aug-2013 , 08:55:05 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India(ICAI) on Friday said that it will implement the provisions of the new Companies Bill in letter and spirit. "It is the duty of the chartered accountants to respect the law of the land and ensure the compliance of all the provisions", Subodh K...
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Posted Date : 06-Aug-2013 , 07:49:09 am | Posted By CASANSAAR
It has huge collection of coins & carvings of Vedic period which defines accountancy culture in India. The Institute of Chartered Accountancy in India (ICAI) Indore branch launched the first ever accountancy museum of Indore on Saturday. The museum includes all the archival data on char...
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Posted Date : 30-Jul-2013 , 08:27:19 am | Posted By CASANSAAR
Tamil Nadu :- Demanding the arrest of culprits involved in the murder of CA. V. Ramesh, members of The Institute of Chartered Accountants of India (ICAI) submitted a petition to the District Collector, K. Maharabushanam, here on Monday. Led by V. Madhukar, Chairman, Salem Branch of SIRC and...
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Posted Date : 29-Jul-2013 , 08:19:51 am | Posted By CASANSAAR
To draw investors' attention towards potential financial and litigation risks at companies, the auditors have adopted a new practice of flagging off 'Emphasis of Matter' observations in their audit reports. Such 'Emphasis of Matter' observations are in addition to the usual accounting issues me...
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Posted Date : 24-Jul-2013 , 08:31:57 am | Posted By CASANSAAR
“The pre-fill electronic form has already been released by the tax department. If CAs try to submit the tax audit reports in the already released e-forms taking into account the revised SA 700, it will not marry and several data entries may get lost. This is the reason why ICAI has delayed it ...
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Posted Date : 15-Jul-2013 , 06:47:33 am | Posted By CASANSAAR
Kind Attention of the Members Payment of Membership Fee andCertificate of Practice Fee for the year 2013 -14 Fee circular for Payment of Membership Fee and Certificate ofPractice Fee has already been sent to all the members of...
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Posted Date : 09-Jul-2013 , 06:50:54 pm | Posted By CASANSAAR
9th July, 2013 IMPORTANT ANNOUNCEMENT The result of the Information Systems Audit [ISA] Assessment Test held on 22nd June, 2013 is likely to be declared on 16th July, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assessment Test will be availabl...
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Posted Date : 09-Jul-2013 , 07:55:59 am | Posted By CASANSAAR
A local court awarded life imprisonment to four convicts for the murder of a chartered accountant six years ago on Monday, three days after they were held guilty. The court also slapped a fine of Rs 30,000 each on Kanav Arora, Ashwinder Singh, both residents of Sector 21, Mandeep Sin...
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Posted Date : 03-Jul-2013 , 08:41:09 am | Posted By CASANSAAR
Until a couple of years ago Vinod Jain, a familiar name in the chartered accountants community, worked out of a small office in Nehru Place, a congested commercial complex in South Delhi, now known more for assembled computers and pirated software. But, that was when the INMACS office...
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Posted Date : 02-Jul-2013 , 08:09:42 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), India’s premier & world second largest accounting body, celebrated its 65th Foundation Day today. A function was organized at Vigyan Bhawan, New Delhi on July 1, 2013. Union Minister of State(I/C), Shri Sachin Pilot was...
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Posted Date : 01-Jul-2013 , 08:23:01 am | Posted By CASANSAAR
1st JULY 1949 HISTORY OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The Companies Act, 1913 passed in pre-independent India prescribed the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor a person had to acquire a restricted ...
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Posted Date : 30-Jun-2013 , 08:34:43 am | Posted By CASANSAAR
Gujarat Chief Minister Narendra Modi called upon the chartered accountants to make Indian social and economic conditions stronger with the help of their professional skill. He also asked them to free India from the malaise of black money. Inaugurating the Chartered Accountants Students Nati...
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Posted Date : 28-Jun-2013 , 08:38:41 am | Posted By CASANSAAR
Two regional bodies within Institute ofChartered Accountants of India (ICAI), the apex body of chartered accountants supposed to enforce transparency in financial world, have shown themselves wary of similar transparency. They steered clear of a proposal to impose a disclosure norm for their el...
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Posted Date : 27-Jun-2013 , 08:39:02 am | Posted By CASANSAAR
ICAI celebrates its Foundation Day as the Chartered Accountants’ Day on 1st July every year. This year, the Chartered Accountants’ Day Celebrations of the ICAI will be held at 4.00 P.M. on 1st July, 2013 in the `Plenary Hall’, Vigyan Bhawan, New Delhi. Hon&rsquo...
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Posted Date : 26-Jun-2013 , 07:17:39 am | Posted By CASANSAAR
Chartered accountant Arun Anandagiri has sought an injunction (compulsory relief) on the annual general meeting of the Western India Regional Council (WIRC) of Institute of Chartered Accountants of India (ICAI) scheduled to take place in Mumbai on Thursday. Anandgiri has fi...
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Posted Date : 22-Jun-2013 , 08:38:36 am | Posted By CASANSAAR
Crime branch's cyber cell arrested a man, Jagat Parikh, on Friday for filing fakeincome tax returns on behalf of BJ Medical College. On interrogation he revealed that he used to have the contract to file IT returns on behalf of the institute for two years. He tried to frame the institute by fil...
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Posted Date : 18-Jun-2013 , 01:50:56 pm | Posted By CASANSAAR
Respected Sir, It is a matter of great pleasure for all of us that you are visiting our Faridabad Branch on 19th June, 2013. We are eagerly waiting for the day, for having a live interaction with you. Being unsure, whether Branch Chairman will permit us to give you this memorandum in person...
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Posted Date : 13-Jun-2013 , 12:36:52 pm | Posted By CASANSAAR
June 12, 2013 ICAI PRESS RELEASE The Institute of Chartered Accountants of India (ICAI) woild like to clarify that the present limit for Statutory Bank Branch Audit is still Rs. 20 crore (of advances) and not Rs. 50 crore as being erroneosly reported in some sections of the media. ...
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Posted Date : 10-Jun-2013 , 08:39:40 am | Posted By CASANSAAR
For better documentation and archiving in accountancy and audit, the Institute of Chartered Accountancy of India (ICAI) will set up "accountancy museums" in 25 cities across the country. ICAI, which already has such a museum at Noida on Delhi's outskirts, will now hav...
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Posted Date : 03-Jun-2013 , 08:36:31 am | Posted By CASANSAAR
Accounting watchdog ICAI has raised concerns over higher threshold limit for bank branches with regard to mandatory audit of their books, asserting that many more of them would be out of the auditing purview. It is seeking the lowering of the limit. "The threshold limit for annual sta...
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Posted Date : 02-Jun-2013 , 01:19:29 pm | Posted By CASANSAAR
To ascertain whether there have been any auditing lapses, accounting watchdogInstitute of Chartered Accountants of India (ICAI) has sought information from serious fraud investigation office (SFIO) on more than 50 companies that are being probed for duping investors through fraudulent...
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Posted Date : 01-Jun-2013 , 08:55:26 am | Posted By CASANSAAR
The Northern Regional Office of ICAI is arranging Convocation – 2013 on 8th June, 2013 for the Non NCR Members enrolled during the month of March, 2012 to August, 2012. Scripts of Certificate of Membership and Certificate of Practice will be distributed in the presence of ...
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Posted Date : 31-May-2013 , 05:18:24 pm | Posted By CASANSAAR
The Accounting Standards Board of the Institute of Chartered Accountants of India undertakes projects involving formulation of specific Accounting Standards/Indian Accounting Standards, Study of the impact of the Accounting Standards/Indian Accounting Standards and alli...
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Posted Date : 30-May-2013 , 03:20:54 pm | Posted By CASANSAAR
EXPOSURE DRAFT OF EXCEL TEMPLATE OF TAXONOMY FOR LIFE INSURANCE COMPANIES AND GENERAL INSURANCE COMPANIES While the filing of the financial statements in XBRL format had begun for certain categories of companies, Insurance Companies were kept outside the purview of XBRL mandate owing to diffe...
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Posted Date : 28-May-2013 , 02:26:27 pm | Posted By CASANSAAR
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Premier professional body set up by an Act of Parliament)ICAI Bhavan, Indraprastha Marg, Post Box No. 7100, New Delhi 110 002. Advt. No. ICAI/Rectt./06/2013 ICAI invites applications from highly competent candidates for the positions ofSecret...
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Posted Date : 28-May-2013 , 08:45:56 am | Posted By CASANSAAR
We would like to inform all the stakeholders that the Institute is signing a Memorandum of Understanding (MoU) with Avinashilingam Institute for Home Science and Higher Education for Women, Coimbatore. The MoU would enable Women Chartered Accountants to pursue the Ph.D programme from the above Unive...
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