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Posted Date : 29-Aug-2019 , 09:58:01 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has decided to relax the mandatory study period for the CA students. The students are supposed to complete an eight-month study period in order for the students to appear for the intermediate examination after completing the CA foundation exam. ...
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Posted Date : 27-Aug-2019 , 08:57:31 am | Posted By CASANSAAR
The Supreme Court on Monday directed that a forensic audit report of Amrapali group be given to the Enforcement Directorate (ED), Delhi Police and the Institute of Chartered Accountants in India (ICAI) for taking appropriate action against the company directors and auditors for allegedly siphoning o...
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Posted Date : 02-Jul-2019 , 07:32:15 am | Posted By CASANSAAR
It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this menace and malpract...
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Posted Date : 10-Jun-2019 , 08:25:33 am | Posted By CASANSAAR
The government will look at setting up a national institute for valuers on the lines of chartered accountants' apex body ICAI, a senior official said Saturday. The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers. Corporate ...
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Posted Date : 05-Jun-2019 , 09:29:30 am | Posted By CASANSAAR
Announcement for Attention of the Members Requirement of Mentioning UDIN while Signing Audit Reports 1. The members may be aware that “Unique Document Identification Number (UDIN)” has been made mandatory as per the Council decision taken at it...
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Posted Date : 30-May-2019 , 10:00:47 am | Posted By CASANSAAR
To avail CPE Hours under Unstructured Learning Activities (ULAs), the requirement of submitting Self-declaration in online mode once a year has been withdrawn. Now members may submit their Self-declaration online even on daily basis as per their convenience. The members are required to s...
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Posted Date : 15-May-2019 , 10:11:23 am | Posted By CASANSAAR
ICAI releases E Version of Compendium of Ind AS effective 1.4.2019 We are pleased to share that the Accounting Standards Board (the Board/ ASB) of Institute of Chartered Accountants of Indian (ICAI) has released e-version of Compendium of Indian Accounting Standards (Ind AS). As you are a...
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Posted Date : 03-May-2019 , 10:17:30 am | Posted By CASANSAAR
The Bar Council of Delhi has directed the Big Four Accounting Firms – KPMG, Price Water House Coopers, Ernst & Young and Deloitte India to refrain from indulging in any practice which would amount to practising law until further orders. The Bar Council has also directed them to give a l...
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Posted Date : 03-May-2019 , 09:55:07 am | Posted By CASANSAAR
Chartered accountants' body ICAI on May 2 said it has released the e-version of compendium of revised Indian Accounting Standards that incorporates new standard on leases among other amendments. As part of annual improvements, the Ind AS (Indian Accounting Standards), which is based on Intern...
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Posted Date : 30-Apr-2019 , 09:19:33 am | Posted By CASANSAAR
The candidates who have qualified CA Final exam w.e.f. November 2002 onwards till 2018 but had not applied for Membership of the Institute due to non completion of GMCS (Course) /Management and Communication Skills Course (MCS Course) can undergo Management and Communication Skills (MCS Course) thro...
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Posted Date : 27-Apr-2019 , 09:12:09 am | Posted By CASANSAAR
The question on who should investigate the role of auditors EY, Deloitte and KPMG in the IL&FS fiasco seems to have triggered a turf war between two regulators — Institute of Chartered Accountants of India, and National Financial Reporting Authority (NFRA). NFRA, the recently form...
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Posted Date : 02-Apr-2019 , 09:33:29 am | Posted By CASANSAAR
The new accounting standard for leases will bring substantial visibility of companies’ lease commitments and improve the quality of financial information about companies, chartered accountants’ body Institute of Chartered Accountants of India (ICAI) said on Monday. Ind AS 116, which s...
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Posted Date : 14-Mar-2019 , 05:43:22 pm | Posted By CASANSAAR
UDIN BEING MADE MANDATORY IN 2nd PHASE FOR GST & TAX AUDIT REPORTS You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018 in the following phases: All Certifi...
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Posted Date : 08-Mar-2019 , 08:21:03 am | Posted By CASANSAAR
The government Thursday gave approval to the pact between the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England & Wales (ICAEW). The Union Cabinet, chaired by Prime Minister Narendra Modi, gave ex-post facto approval of the memorandum of ...
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Posted Date : 16-Feb-2019 , 08:36:36 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI on Friday withdrew an announcement regarding applicability of rotation of auditors at companies, following a directive from the corporate affairs ministry. In a rare instance, the ministry told the Institute of Chartered Accountants of India (ICAI) ...
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Posted Date : 15-Feb-2019 , 10:02:22 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) will be launching a course in Goods and Services Tax (GST) accounting in a about a month from now. “We are in discussions with Government and modalities are being worked out,” Amit Anand Apte, President, ICAI told newspersons here on T...
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Posted Date : 12-Feb-2019 , 08:21:43 pm | Posted By CASANSAAR
CA. Prafulla P. Chhajed President, ICAI CA. Atul Kumar Gupta Vice-President, ICAI Many Many Congratulations to the Elected President & Vice President of ICAI for the year 2019-20....
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Posted Date : 12-Feb-2019 , 09:17:51 am | Posted By CASANSAAR
The ICAI Accounting Research Foundation (ICAI ARF) will oversee the process of reopening the books of crisis-hit IL&FS. The board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) was taken over by the corporate affairs ministry last year after many group entities ...
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Posted Date : 25-Jan-2019 , 11:06:59 am | Posted By CASANSAAR
ANNOUNCEMENT UDIN mandatory wef 1st Feb., 2019 for all Certificates It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints ...
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Posted Date : 25-Jan-2019 , 11:05:45 am | Posted By CASANSAAR
An examinee may apply seeking inspection/certified copies of answer books, within 30 days from the date of declaration of respective result(s), with the applicable fee, online at http://icaiexam.icai.org and pay the applicable fee online. There is no provision for submission of such requests with la...
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Posted Date : 23-Jan-2019 , 08:58:03 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019. Signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to id...
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Posted Date : 17-Jan-2019 , 09:07:01 am | Posted By CASANSAAR
16th January, 2019 IMPORTANT ANNOUNCEMENT REG: May 2019 CA Examinations It has been brought to our notice that the probable date of commencement of May 2019 CA examinations and the time table there on are doing the rounds in the social media. It is hereby clarified that the timetable i...
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Posted Date : 05-Jan-2019 , 09:38:35 am | Posted By CASANSAAR
A preliminary report of the Institute of Chartered Accountants of India (ICAI) has said that the statutory auditors of IL&FS did not carry out their functions in a proper manner, highlighting a number of negligences on their part. Being a regulatory body of auditors, the ICAI’s prelimin...
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Posted Date : 28-Dec-2018 , 10:00:52 am | Posted By CASANSAAR
The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of beleaguered IL&FS Group stands postponed. The first hearing, which was scheduled to take place in Kolkata on Friday, has been postponed, sources close to the developments said. There is no i...
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Posted Date : 27-Dec-2018 , 03:38:26 pm | Posted By CASANSAAR
ANNOUNCEMENT UDIN - A way to authenticate document As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had...
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Posted Date : 12-Dec-2018 , 08:51:39 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Indian Institute of Management, Ahmedabad for open-enrolment and customized training programs exclusively for Chartered Accountants. The MoU is likely to benefit the Chartered Accountant...
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Posted Date : 10-Dec-2018 , 08:59:17 am | Posted By CASANSAAR
The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden IL&FS Group - and two of its subsidiaries, IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd (IFIN), have been held “prima facie ...
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Posted Date : 22-Nov-2018 , 08:05:59 am | Posted By CASANSAAR
Chartered accountants body ICAI said Tuesday it has signed an agreement with the Chartered Professional Accountants (CPA), Canada. The pact would facilitate mutual recognition of each other's qualification and admit the members in good standing by prescribing a bridging mechanism between the ...
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Posted Date : 09-Nov-2018 , 09:15:33 am | Posted By CASANSAAR
Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test which is open to the members of the Institute, will be held on 22nd December, 2018 (Saturday) from 9.00 AM to 1.00 PM (IST). An application for admission to the Assessment Test is required to be submi...
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Posted Date : 26-Oct-2018 , 09:48:36 am | Posted By CASANSAAR
The government is looking to step up its oversight over three professional institutes, including the Institute of Chartered Accountants of India (ICAI), for their failure to discipline errant auditors, despite being ticked off by Prime Minister Narendra Modi 15 months ago. The government has pull...
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