A Report on Audit Quality Review Findings (2012-15) - ICAI
Posted Date : 18-Aug-2015 , 10:20:27 pm | Posted By CASANSAAR
ANNOUNCEMENT
A Report on Audit Quality Review Findings (2012-15)
Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the...
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Ease of Doing Business/Use of INC - 29 for Formation of Company - ICAI
Posted Date : 07-Aug-2015 , 09:29:24 pm | Posted By CASANSAAR
For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the cost involved in getting approval. With this integ...
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Mechanism to Monitor Tendering Fees quoted by its Members - ICAI
Posted Date : 22-Jul-2015 , 10:22:52 pm | Posted By CASANSAAR
With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting considered the report of the Group constituted under the convenorship of CA. Tarun Jamnadas Ghia, Member, Central Council and decided as under:
1. Tendering has been prohibited ...
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ICAI to help Indian Railways move to accrual accounting system
Posted Date : 13-Jul-2015 , 09:12:30 am | Posted By CASANSAAR
Apex body of chartered accountants ICAI is closely working with Indian Railways to help migrate its accounting system to the more transparent "accrual" format.
Under the accrual basis, revenues and expenses are reported in an income statement during the period when that ...
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ICAI defers call on new revenue recognition concepts
Posted Date : 29-Jun-2015 , 08:45:36 am | Posted By CASANSAAR
ICAI has deferred a decision on adoption of new 'revenue recognition' concepts that the developed world is hesitating to implement.
The proposal -- whether the new revenue recognition standard (Ind AS 115) should be adopted from April 1, 2016 or deferred -- was before the central counci...
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Ten years on, ICAI probe into GTB Auditors role still not complete
Posted Date : 29-Jun-2015 , 08:29:36 am | Posted By CASANSAAR
On December 19, 2002, the Joint Parliamentary Committee (JPC) on stock market scams and related matters, which was probing the so-called Ketan Parekh scam of 1999-2001, presented its report in Parliament with 276 recommendations.
Over several past years, various government bodies and regulatory a...
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Relaxation to complete Advanced ITT Course after the Final Examination but before enrolling as a member of the ICAI
Posted Date : 26-Jun-2015 , 09:16:29 pm | Posted By CASANSAAR
As per Regulation 29C(1)(iv) of the Chartered Accountants’ Regulations 1988, students who have registered for Practical Training on or after February 1, 2013 are required to complete Advanced IT Training before admission to the Final Examination. The Council at its 343rd Meeting held on June 2...
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Election commission joins hands with ICAI to clean the books of Political Parties
Posted Date : 26-Jun-2015 , 08:43:57 am | Posted By CASANSAAR
Election Commission has decided to join hands with Institute of Chartered Accountants of India (ICAI) to clean the books of political parties by providing them a new set of accounting norms that would make their financial statements more transparent and accountable.
The new accounting practises f...
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ICAI Clarification/Corrigendum over the Cover page of June 2015 issue of The Chartered Accountant Journal
Posted Date : 08-Jun-2015 , 10:22:08 pm | Posted By CASANSAAR
ICAI Clarification/Corrigendum over the Cover page of June 2015 issue of The Chartered Accountant Journal
We wish to clarify to the members, students and other readers of The Chartered Accountant journal that the cover page of the June 2015 issue of the journal is a mere artistic depi...
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ICAI are looking for Portfolio Investor for the Investment of Surplus funds around Rs. 600 Cr. PA
Posted Date : 03-Jun-2015 , 08:56:02 am | Posted By CASANSAAR
ICAI are looking for Portfolio Investor for the Investment of Surplus funds around Rs. 600 Cr. PA.
The Institute from time to time is making investment of its surplus funds as per the provisions of the Section 18(2) of the Chartered Accountants Act, 1949 as amended by the Chartered Accountants (A...
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ICAI |
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ICAI Ties Up With 2 Top Medical Associations
Posted Date : 31-May-2015 , 02:01:38 pm | Posted By CASANSAAR
ICAI has tied up with two top medical associations — Association of Healthcare Providers (India) (AHPI) and Delhi Medical Association — to improve the cost management systems in hospitals.
Under this arrangement, members of the Institute of Cost Accountants of India (ICAI) w...
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ICAI issued an Advisory after the Movement of CASANSAAR against fake website similar to ICAI
Posted Date : 29-May-2015 , 09:18:21 pm | Posted By CASANSAAR
ICAI issued an Advisory after the Movement of CASANSAAR against fake website similiar to ICAI:-
"Kiski Nazar lag gayi Profession ko....
Fake CA Degrees (OPJS University)
Fake ICAI Websites (http://icaindia.net.in/)
JAAGO CA JAAGO,.......
BE UNITE & SAVE PROFESSION...
https:/...
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ICAI Clarification on CASANSAAR movement regarding CA Degree from OPJS University
Posted Date : 23-May-2015 , 09:38:07 pm | Posted By CASANSAAR
ICAI Clarification on CASANSAAR movement regarding CA Degree from OPJS University.
ICAI ANNOUNCEMENT.
It has been brought to our notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in C.A.” a...
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ICAI issued Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities
Posted Date : 15-May-2015 , 01:29:27 pm | Posted By CASANSAAR
(The Council of the Institute of Chartered Accountants of India (ICAI) has issued this Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities which comes into effect from the date of its issuance. Pending finalisation of the Guidance Note, as it was under discussio...
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Guidance Note on Accounting for Derivative Contracts by ICAI
Posted Date : 12-May-2015 , 09:36:07 pm | Posted By CASANSAAR
In the year 2007, the Institute of Chartered Accountants of India (ICAI), issued Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement and Accounting Standard (AS) 31, Financial Instruments: Presentation. Both of these Accounting Standards were to come into effect in respec...
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ICAI looks to complete over 120 disciplinary cases this year
Posted Date : 11-May-2015 , 08:33:42 am | Posted By CASANSAAR
To speed up disciplinary action against erring members, the apex body of chartered accountants ICAI is looking to complete most of the 120-odd pending cases this year.
There have been some instances such as the Satyam case where the institute took stern action against some of its members fo...
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CASANSAAR Placement Cell for CA, CS, CMAs (For Job Seekers & Job Recruiters)
Posted Date : 04-May-2015 , 10:08:10 am | Posted By CASANSAAR
CASANSAAR had launched the CASANSAAR Placement Cell for CA, CS, CMAs. This Cell will assist Job Seekers & Job Recruiters for best fit..
If you have requirement of CA / CS / CMA's in your office / Firm / Company then you can contact CASANSAAR&nb...
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ICAI |
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0 | Hits : 1920
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ICAI to probe Auditors role in United Spirits fund diversion
Posted Date : 01-May-2015 , 08:32:27 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will ask two auditors of United Spirits Ltd (USL) to explain on what basis they certified the financial accounts of the company and failed to detect an alleged fund diversion of Rs 2,100 crore between 2010 and 2013 to various United Breweries (U...
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ICAI Guidance on Reporting Under CARO, 2015
Posted Date : 20-Apr-2015 , 09:42:14 pm | Posted By CASANSAAR
ICAI ANNOUNCEMENT GUIDANCE ON REPORTING UNDER THE COMPANIES (AUDITOR’S REPORT) ORDER, 2015 (CARO, 2015) AND CONSEQUENTIAL AMENDMENT TO THE FORMAT OF THE AUDITOR’S REPORT OF A COMPANY.
1. As the members are aware, the Ministry of Corporate Affairs, on 10th April, 2015, notified the Com...
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ICAI Clarification on Auditors Report
Posted Date : 20-Apr-2015 , 09:37:12 pm | Posted By CASANSAAR
ICAI CLARIIFICATION ON AUDITOR’S REPORT IN RESPECT OF FINANCIAL STATEMENTS OF A COMPANY FOR ACCOUNTING YEARS BEGINNING BEFORE 1ST APRIL, 2014.
The Ministry of Corporate Affairs vide its General Circular No 07/2014, Dissemination of Information With Regards to the Provisions of the Companies...
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ICAI red-flags auditor selection process at PSU banks
Posted Date : 06-Apr-2015 , 08:04:10 am | Posted By CASANSAAR
Raising concerns, the chartered accountants’ apex body Institute of Chartered Accountants of India (ICAI) has said the current process for selecting auditors at public sector banks could compromise their “independence” in carrying out the auditing job.
ICAI has conveyed its...
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ICAI suggest changes to Swachh Bharat cess calculation
Posted Date : 31-Mar-2015 , 08:02:18 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI has suggested that the proposed cess of two per cent for clean India initiative should be calculated on the payable service tax instead of taxable services' value.
Calculating Swachh Bharat cess on the value taxable services ...
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ICAI and CIMA sign Memorandum of Understanding
Posted Date : 28-Mar-2015 , 08:14:19 am | Posted By CASANSAAR
CIMA (The Chartered Institute of Management Accountants) and ICAI (The Institute of Cost Accountants of India) have signed a historic MoU to allow proven ICAI members to fast-track in qualifying for the globally recognized and prestigious Chartered Global Management Accountant (CGMA) title, which re...
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ICAI News - HC ordered notice to ICAI, Union Ministry of Corporate Affairs
Posted Date : 26-Mar-2015 , 03:04:04 pm | Posted By CASANSAAR
The Madras High Court today ordered issue of notices to the Union Ministry of Corporate Affairs and the Institute of Chartered Accountants of India (ICAI), on a plea by a Chartered Accountant against the activities of ICAI.
Justice T S Sivagnanam on a...
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ICAI Elections 2012 - Updates on Counting of Votes (NORTHERN REGION)
Posted Date : 17-Mar-2015 , 07:16:24 am | Posted By CASANSAAR
Opening of Ballot Boxes & Postal Ballots for elections to Central Council & Regional Council - Northern Region, to Commence at 11:00 AM on Tuesday, the 1st January,2013.
...
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ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - CENTRAL COUNCIL (CC)
Posted Date : 17-Mar-2015 , 07:15:35 am | Posted By CASANSAAR
NORTHERN REGION - CENTRAL COUNCIL (CC).
S.NO. AS PER ICAI
NAME OF CANDIDATE
FIRST PREF.
VOTES
TOTAL VOTES
RESULT
1
AGARWAL M K
...
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ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - REGIONAL COUNCIL (NIRC)
Posted Date : 17-Mar-2015 , 07:15:20 am | Posted By CASANSAAR
NORTHERN REGION - REGIONAL COUNCIL (NIRC)
S.NO. AS PER
ICAI
NAME OF CANDIDATE
FIRST
PREF.
VOTES
TOTAL VOTES
RESULT
1
AGRWAL HARIT
...
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0 | Hits : 18345
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ICAI provides clarity on auditor's fraud reporting norms
Posted Date : 16-Mar-2015 , 08:07:39 am | Posted By CASANSAAR
In a new guidance to auditors on reporting suspected frauds, ICAI has asked them to apply "professional skepticism" before flagging such cases to the government and take into account the measures already taken by the companies internally.
In a detailed guidance note on reporting o...
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ICAI will take disciplinary action against arrested CA, PwC official questioned
Posted Date : 15-Mar-2015 , 11:08:17 pm | Posted By CASANSAAR
Chartered accountants’ apex body ICAI today said it will initiate necessary disciplinary action against member Khemchand Gandhi, who has been arrested by the CBI for allegedly leaking “secret” government documents, after receiving details from the investigative agency.
The Ins...
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ICAI to host two-day Asian Summit on healthcare cost management
Posted Date : 12-Mar-2015 , 08:53:07 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) will be organizing an Asian Summit on Health Care Cost Management on the theme "Touching Lives through Cost Management in Health Care" on March 12 and 13 in New Delhi.
One of the important objectives of Govern...
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