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Posted Date : 03-Apr-2013 , 08:44:24 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) plans to advise companies to show separately the impact of currency fluctuations on their long-term foreign currency transactions from the current fiscal. The regulator has asked the companies to put this item on the "equity and liabili...
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Posted Date : 26-Mar-2013 , 06:17:16 pm | Posted By CASANSAAR
The main objective in developing this proposal is to provide users of financial statements with more useful information about the expected credit losses on financial assets and on commitments to extend credit. This objective is addressed through the proposed model, which provides information about e...
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Posted Date : 10-Mar-2013 , 10:56:57 am | Posted By CASANSAAR
“Nothing is impossible. Self-confidence, hard work and dedication are the keys to achieve success.” Motivating other students like her, said young Prema Jayakumar, daughter of an auto-rickshaw driver. Prema hit the headlines recently by surmounting many odds to emerge as the to...
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Posted Date : 09-Mar-2013 , 08:44:42 am | Posted By CASANSAAR
The Punjab and Haryana High Court on Friday stayed the final verdict against four accused in the murder of Rajesh Goyal, a chartered accountant, in his Sector-42 office. This was conveyed to the court of District and Sessions Judge on Friday. Iqbal Singh Sabarwal, one of the witnesses and G...
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Posted Date : 08-Mar-2013 , 08:42:07 am | Posted By CASANSAAR
In a very interesting move which may not be a good news for practicing CA, CS, CMA etc. who are engaged in practice in the area of Law and taxation, Rajasthan Tax Bar Association have filed a petition before Chief Commissioner of Income Tax (CCIT), Rajasthan and urged...
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Posted Date : 07-Mar-2013 , 02:48:19 pm | Posted By CASANSAAR
Referring to placements for CAs, K. Raghu the newly elected Vice-President of the ICAI said there has been campus recruitment across 22 locations in 350 colleges where newly qualified CAs are offered a initial pay packet in the range of Rs 6 to 7 lakhs. Qualified CAs not only get good ...
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Posted Date : 04-Mar-2013 , 02:45:16 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. ICAI invites applications from highly competent candidates for the positions ofSECRETARY,TECHNICAL DIRECTORand&nbs...
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Posted Date : 27-Feb-2013 , 02:02:49 pm | Posted By CASANSAAR
ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERSApplicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports 1. Members are requested to note that the audit reports for ...
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Posted Date : 25-Feb-2013 , 01:04:34 pm | Posted By CASANSAAR
Total mismanagement has been seen at the time of counting of branch elections at Noida. Lots of branch level candidates and members of ICAI protested and forwarded a letter to ICAI President, Vice President and all council members. CASANSAAR Team got a copy of complaint made by the members ...
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Posted Date : 24-Feb-2013 , 09:55:51 pm | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) has reduced the penalty imposed by Sebi on an individual from Rs 6 lakh to Rs 3 lakh in relation to non-compliance with the market regulator's summons over probe in affairs of erstwhileBank of Rajasthan (BoR). Securities and E...
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Posted Date : 21-Feb-2013 , 10:12:21 pm | Posted By CASANSAAR
While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial and Indu...
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Posted Date : 14-Feb-2013 , 08:11:06 am | Posted By CASANSAAR
Certain decisions in the now cancelled Rs 100 crore land deal, which caused major embarrassment to Institute of Chartered Accountants of India (ICAI), indicate a clear tilt towards a single vendor. TOI has a copy of the fact finding committee's report, which has an annexure of answers by t...
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Posted Date : 13-Feb-2013 , 08:27:37 am | Posted By CASANSAAR
Accounting regulator ICAI will soon hold discussions with the Reserve Bank of India on implementation of IFRS standards by banking companies. The Institute of Chartered Accountants of India (ICAI) has also submitted a tentative roadmap for IFRS implementation to the Corpora...
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Posted Date : 12-Feb-2013 , 02:26:28 pm | Posted By CASANSAAR
CASANSAAR Team Congrats Newly Elected President & Vice President of ICAI. CA.Subodh Kumar AgrawalPresident, ICAI2013-14 CA.K.RaghuVice Presidet, ICAI2013-14...
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Posted Date : 12-Feb-2013 , 08:43:47 am | Posted By CASANSAAR
The chartered accountants’ fraternity must work hard to maintain the “integrity” and “credibility” of the profession, exhorted Corporate Affairs Minister Sachin Pilot. As India becomes more relevant to a globalised economy, the expectations will only be on the ...
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Posted Date : 11-Feb-2013 , 08:20:54 am | Posted By CASANSAAR
In a major embarrassment to the Institute of Chartered Accountants of India (ICAI), the regulator for auditors, a Rs 100 crore-plus project initiated by its president Jaydeep Shah in his hometown Nagpur has been rejected by the statutory body's top decision-making body on grounds...
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Posted Date : 06-Feb-2013 , 07:37:51 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has published this Exposure Draft of proposed amendments to introduce guidance on the accounting, by a joint operator, for the acquisition of an interest in a joint operation, as defined in IFRS 11 Joint Arrangements, in which the activity of the j...
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Posted Date : 06-Feb-2013 , 07:36:50 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has proposed these amendments to address the issues related to the changes made in IAS 27 Consolidated and Separate Financial Statements (as issued in 2008) as part of the Business Combinations project. Invitation to commentASB invit...
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Posted Date : 06-Feb-2013 , 09:38:05 am | Posted By CASANSAAR
Symphony Limited, Ahmedabad-based air cooler manufacturing and marketing company, has won the ICAI award for excellence in financial reporting for the second consecutive years.Symphony was given this award for its annual report for 2010-11. The award was handed over at the Internation...
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Posted Date : 31-Jan-2013 , 09:14:40 am | Posted By CASANSAAR
The controversial Rs 100 crore land deal that had raised questions on adherence ofcorporate governance norms at the Institute ofChartered Accountants of India (ICAI) has finally been quashed. This may be the first instance of a decision taken by an ICAI presid...
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Posted Date : 29-Jan-2013 , 08:18:40 am | Posted By CASANSAAR
The fact-finding team of Institute of Chartered Accountants of India (ICAI), which is investigating a Rs100 crore land deal involving its president, is said to be divided over the action to be recommended to the central governing body. City-based CA Jaideep Shah is the current pr...
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Posted Date : 26-Jan-2013 , 10:34:18 am | Posted By CASANSAAR
Falling prey to an online lottery scam, chartered accountant Pankaj Kumar (name changed), 25, transferred nearly Rs 85 lakh to account numbers provided by the cyber criminals, who duped him by showing frivolous dreams having won lottery money of 10 lakh pounds. Now, all his efforts to cont...
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Posted Date : 25-Jan-2013 , 05:30:21 pm | Posted By CASANSAAR
In one of the rare direct appointment offers made by public sector banks, all-India chartered accountancy exam topper Prema Jayakumar has been offered a manager’s position in Indian Bank. RARE CASE Prema’s achievement is creditable as she comes from a family with modest means...
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Posted Date : 25-Jan-2013 , 09:03:12 am | Posted By CASANSAAR
The UK's highest court has decided that chartered accountants are not as secret as lawyers, doctors and priests. City A.M. report that the Supreme Court said they are not protected by the same professional privilege. They are not immortal and in fact do not possess any super powers at all....
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Posted Date : 25-Jan-2013 , 09:01:07 am | Posted By CASANSAAR
J Rajasekhar Reddy, a visually-impaired man from Guntur, shows the victory sign after becoming India’s first blind CA in Hyderabad on Tuesday. Devnar Foundation correspondent Jyothi Goud is beside him. | A Radhakrishna The vision to achieve his childhood goal helpe...
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Posted Date : 24-Jan-2013 , 08:54:08 am | Posted By CASANSAAR
Prema Jayakumar, an auto driver's daughter and an unlikely topper in the Chartered Accountancy (CA) exam results announced on Monday, has simple ambitions. She wants to participate in the campus placements — in February and March — and land a job "in a corporate firm or a good bank". She...
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Posted Date : 21-Jan-2013 , 09:03:05 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT 11th January, 2013 The result of the Information Systems Audit [ISA] Assessment Test held on 22nd December, 2012 is likely to be declared tentatively on 21st January, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assess...
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Posted Date : 19-Jan-2013 , 11:35:41 am | Posted By CASANSAAR
You can get 10 CPE hours after sending a self declaration on prescribed format on the following address:- To, The Secretary (CPE Committee) The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg New Delhi - 110 002 Last date of sending Self Declaration is 31st. Ma...
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Posted Date : 15-Jan-2013 , 09:35:48 am | Posted By CASANSAAR
More skeletons tumbled out at the central council meeting of Institute of Chartered Accountants of India (ICAI) on January 11. The members at the helm of the governing body for the profession, which calls itself the 'financial watchdog', hurled charges at each other, alleging vested intere...
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Posted Date : 14-Jan-2013 , 09:28:36 am | Posted By CASANSAAR
Aturf war is brewing in the accounting regulation space, currently governed by the Institute ofChartered Accountants of India (ICAI). A government plan to usurp the two big powers of ICAI — to set accounting standards and take disciplinary action against its 200,000 members...
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