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Posted Date : 02-Jul-2011 , 07:27:26 am | Posted By CASANSAAR
The CA institute must delve deep into the concept of “presumptive loss” and look at defining it, Mr K. Rahman Khan, Deputy Chairman of the Rajya Sabha, has suggested. “Now that the CAG has said that calculating presumptive loss and reporting it was very much within its dom...
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Posted Date : 01-Jul-2011 , 10:14:51 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) today celebrated its 63rd foundation day. It was on this day in 1949 the Chartered Accountants Act was passed by the Parliament. At a function organised in Vigyan Bhawan, New Delhi Shri Rameshwar Thakur, Past Pres...
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Posted Date : 11-Jun-2011 , 08:25:49 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will write to State Bank of India (SBI) in a week asking the country’s largest commercial bank to explain the high provisioning it made in the fourth quarter of the fiscal 2010-11. SBI’s huge provisioning resulted in a plunge in its ...
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Posted Date : 29-May-2011 , 08:36:32 pm | Posted By CASANSAAR
In an effort to curb the use of black money in the electoral process, the Election Commission now plans to ask political parties to conduct their finances in a corporate fashion by getting their accounts audited and publishing their audited finance sheets annually. The EC has received a hos...
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Posted Date : 06-May-2011 , 11:25:34 am | Posted By CASANSAAR
The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI (CCBCAF & SMP) has taken a major initiative for prescribing the Minimum Recommended Scale of Fees for the professional assignments done by our members of ICAI. The recommendation is about the fee to be cha...
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Posted Date : 28-Apr-2011 , 11:09:58 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI)’s annual international meet started in Dubai on Thursday. More than 800 delegates from various GCC countries attended the inaugural session of the two-day conference hosted by Dubai chapter of the Institute. Held under the theme “Wo...
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Posted Date : 26-Apr-2011 , 11:58:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India is all set to start its online facility aimed at enhancing knowledge base and updating the skills of chartered accountants across India. “To enhance the knowledge base of members and chartered accountancy firms, the ICAI has init...
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Posted Date : 21-Apr-2011 , 09:02:51 pm | Posted By CASANSAAR
Accounting regulator Institute of Chartered Accountants of India today said it has prepared draft accounting standards for political parties on a request from the Election Commission. "The council has approved uniform financial statement and accounting and auditing framework for political parties," ...
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Posted Date : 17-Apr-2011 , 08:50:02 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (Icai) has asked Price Waterhouse (PWC) India to show reasons why it should not be deregistered in regard to its association as auditor to Satyam Computer Services Ltd. The notice by the institute, which regulates the profession of chartered accou...
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Posted Date : 17-Apr-2011 , 08:46:29 pm | Posted By CASANSAAR
The finance ministry has called a meeting of industry chambers and chartered accountants on Thursday to seek their views on the revised takeover code that proposes to make acquisitions costlier. It has also called members of the panel that drafted the proposals for the meeting. The ministry wan...
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Posted Date : 09-Apr-2011 , 11:26:03 pm | Posted By CASANSAAR
Concerned that scores of initial public offerings (IPOs) that hit the market of late appear to have been overpriced, the Institute of Chartered Accountants of India (ICAI) is considering recommending a formula for the companies to compensate their shareholders by doling out fresh shares. The IC...
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Posted Date : 06-Apr-2011 , 09:29:52 pm | Posted By CASANSAAR
The Indian affiliate of PricewaterhouseCoopers routinely failed to follow the most basic audit procedures, the United States Securities and Exchange Commission said Tuesday as it penalized the firm for its failed audits of Satyam Computer Services, the Indian company that falsely reported more than ...
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Posted Date : 06-Apr-2011 , 09:26:44 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will take a few more months to submit its report on the balance sheets of eight Indian Premier League (IPL) franchises, amid indications that accounting regulator has stumbled upon violations of auditing norms by some teams in the league. ...
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Posted Date : 02-Apr-2011 , 08:19:33 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has formed a committee to guide and support the cooperative sector in streamlining their audit procedures and raise governance levels, President G Ramasamy said today. The ICAI has suggested replicating the successful laws in the sector in ...
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Posted Date : 26-Mar-2011 , 10:28:27 pm | Posted By CASANSAAR
Direct Tax- Suggestions of ICAI considered in the amendments to Finance Bill, 2011 as passed in the Lok Sabha Indirect Tax- Suggestions of ICAI considered in the amendments to Finance Bill, 2011 as passed in the Lok Sabha...
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Posted Date : 22-Mar-2011 , 12:20:07 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of Pakistan (ICAP) is celebrating year 2011 as the Golden Jubilee Year of their Institute. To commemorate the occasion, they are organizing an International Conference on 26th July -27th July 2011 at DAC&GC Karachi, Pakistan. ...
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Posted Date : 14-Mar-2011 , 09:28:11 pm | Posted By CASANSAAR
Accounting regulator ICAI has formed an advisory committee of chartered accountants to help corporates identify social sector projects on which they would be required to spend two% of their net profit. The Public Advisory Committee, of the Institute of Chartered Accountant...
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Posted Date : 14-Mar-2011 , 12:25:05 pm | Posted By CASANSAAR
The New President of the Institute of Chartered Accountants of India, G Ramaswamy has said a special bench has been constituted to look into the Satyam matter. The special bench includes nominees from the central bureau of investigation and the comptroller and auditor general of India. ...
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