Announcement on Grant of Fellow Membership on the basis of service - ICAI
Posted Date : 12-Dec-2014 , 07:53:48 am | Posted By CASANSAAR
Regulation 5 (3) of the Chartered Accountants Regulations, 1988 provides for eligibility to become a fellow member of the Institute on the basis of service in specified industries and organizationsAn associate member is eligible for admission as a Fellow Member if he/she satisfies the eligib...
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Send Suggestions for Preference of e-Journal over Hard Copy of Journal - ICAI
Posted Date : 09-Dec-2014 , 09:37:54 pm | Posted By CASANSAAR
Preference of e-Journal over Hard Copy of JournalKind Attention: All Members of ICAI
The Office of Editorial Board, of late, had received requests from some of the ICAI members asking us to stop sending free (mandatory) hard copy of the Journal and begin sending the soft copy instead. The Editorial...
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952 CAs get Job offers, average annual pay at Rs 7.28 lakh - ICAI
Posted Date : 09-Dec-2014 , 08:44:37 am | Posted By CASANSAAR
In an indication of high demand for accountancy professionals, companies have recruited 952 chartered accountants with an average annual pay package of around Rs 7.28 lakh through ICAI campus placement.
The offers were made by companies during the placement programme, conducted across 19 citi...
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Good days ahead for Chartered Accountants - ICAI President
Posted Date : 08-Dec-2014 , 08:48:00 am | Posted By CASANSAAR
The convergence of Indian accounting practices with the International Financial Reporting Standards, set to begin in the next financial year, will give a boost to FDI inflows to the country, says K. Raghu, president of the Institute of Chartered Accountants of India.
The adoption of Indian ...
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Real estate business accounts for major chunk of black money - ICAI
Posted Date : 06-Dec-2014 , 06:55:46 am | Posted By CASANSAAR
When it comes to flow of black money, real estate business accounts for a major chunk of of such illicit funds, accounting regulator ICAI has told the government while seeking urgent steps to check this menace. In a representation made to Finance Minister Arun Jaitley, the Institute of Chartere...
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65th Annual Report and Audited Annual Accounts of the Institute for the year 2013
Posted Date : 04-Dec-2014 , 05:40:47 pm | Posted By CASANSAAR
In accordance with the provisions of sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Accounts of the Institute for the year 2013-2014 is required to be published in the Gazette of India latest by 30th September, 2014. Accordingly...
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Global Demand for Indian Chartered Accountants: ICAI President
Posted Date : 03-Dec-2014 , 07:58:56 am | Posted By CASANSAAR
With India set to usher in a new era of accounting reforms with the adoption of new Indian Accounting Standards converged with International Financial Reporting Standards, the Institute of Chartered Accountants of India forsees a global demand for Indian CAs. The new standards are to be converg...
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Women Empowerment - 50,000 Women CAs in India
Posted Date : 29-Nov-2014 , 08:35:25 am | Posted By CASANSAAR
The number of women seeking to get into the number-crunching profession of chartered accountancy (CA) has taken a big leap in the past couple of years. Female enrolments to the Common Proficiency entrance test (CPT) for the CA course, conducted by the Institute of Chartered Accountants of India (ICA...
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Saradha scam: Fraud office, ED approach ICAI for probe against members
Posted Date : 29-Nov-2014 , 08:29:44 am | Posted By CASANSAAR
The Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate (ED) have approached the Institute of Chartered Accountants of India (ICAI) to look into the professional misconduct of its members engaged in financial accounting and auditing in various Saradha group outfits.
Th...
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ICAI Elections 2015 :- One Seat for Central Council may increase from Northern
Posted Date : 26-Nov-2014 , 02:43:47 pm | Posted By CASANSAAR
One Seat for Central Council may increase from Northern. As per reilable Sources we come to know about the Members Detail of ICAI Region Wise.
Total Number of Members of ICAI as on 27.10.14 - 227555.
Central 36720;
Eastern 21935;
Northern 46059;
Wes...
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CA Institute President K Raghu appointed as IFAC Board Member
Posted Date : 25-Nov-2014 , 08:26:35 am | Posted By CASANSAAR
The president of chartered accountants body ICAI, K Raghu, has been elected to the board of International Federation of Accountants (IFAC). Raghu has been elected for a three-year period starting from November this year. IFAC, a global body for the accountancy professio...
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CA institute officials under lens
Posted Date : 22-Nov-2014 , 08:58:51 am | Posted By CASANSAAR
Enforcement directorate is going to summon some senior officials of the Institute of Chartered Accountants of India (ICAI) as the institute had failed to initiate action against the chartered accountants (CAs) involved in chit fund scams. The accused CAs had vouched false audit reports.
When the SF...
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Last date of Application Form for the Information Systems Audit (ISA) Assessment Test - 4th December, 2014
Posted Date : 21-Nov-2014 , 02:14:20 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2014 [Last Date - 4th December, 2014]
Online Application Form
Hard Copy Application Form
...
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Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014 - ICAI
Posted Date : 19-Nov-2014 , 05:56:51 pm | Posted By CASANSAAR
ANNOUNCEMENT
Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014
The Council at its 337th meeting held on 29th, 30th and 31st October, 2014 in the office of the Instit...
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Observations of the candidates on the question papers of CA examinations-Nov. 2014 - ICAI
Posted Date : 10-Nov-2014 , 04:13:06 pm | Posted By CASANSAAR
8th November 2014
Observations of the candidates on the question papers of CA examinations-Nov. 2014 It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 exa...
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ICAI starts proceedings in Rs 870-crore Reebok Scam
Posted Date : 10-Nov-2014 , 08:02:19 am | Posted By CASANSAAR
Chartered accountants’ apex body ICAI has started proceedings against a former Reebok India official for his alleged involvement in the Rs 870 crore scam at the sportswear maker that came to light in 2012.
The Rs 870 crore scam was allegedly committed by the company’s former man...
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ED raids Chartered Accountant
Posted Date : 08-Nov-2014 , 08:13:51 am | Posted By CASANSAAR
The Enforcement Directorate (ED) today raided the premises of xxxxxxxxxxxxxxxxxx, a Chartered Accountant’s firm at Cuttack Road here in connection with its investigations pertaining to the operations of the Seashore Group of Companies, a major player in the mega chit fund scam in Odisha.
&nbs...
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Satyam scam: ICAI completes proceeding against Members
Posted Date : 06-Nov-2014 , 08:27:47 am | Posted By CASANSAAR
Completing its proceedings against errant members involved in Satyam scam of 2009, chartered accountants' apex body ICAI has cancelled their memberships and has imposed a fine of Rs five lakh each against them. In the wake of Satyam scam, disciplinary action was initiated against the concerned ...
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Shri V. Sagar is New Acting Secretary of ICAI
Posted Date : 03-Nov-2014 , 10:27:35 pm | Posted By CASANSAAR
in terms of decision taken by the council at its 337 meeting held during 29th to 31st october, Shri V. Sagar, Joint Secretary is hereby designated as ‘Acting Secretary’ of the Institute w.e.f. 31st October, 2014. subsequent to Shri T.Karthikeyan, Secretary, having been releived...
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Two CAs under lens for cooking books of Company
Posted Date : 02-Nov-2014 , 09:26:43 pm | Posted By CASANSAAR
The Institute of Chartered Accounts of India is investigating allegations that a chartered account, who figures on the CBI's list of undesirable contact men (UCM), allegedly doctored balance sheets of a company.
Sources said it wasn't an isolated instance, but they have been n...
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CA booked for hacking I-T returns account in Gurgaon
Posted Date : 30-Oct-2014 , 09:05:16 pm | Posted By CASANSAAR
The Gurgaon police on Monday booked a man for allegedly hacking an income tax returns account of an employee in March this year.The police said Deepak Rao, a resident of Sector 17A, had filed a complaint at the Sector 18 police station, alleging that his password had been changed by an unknown perso...
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Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2014 - ICAI
Posted Date : 15-Oct-2014 , 05:14:59 pm | Posted By CASANSAAR
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988.The rules in this regard are provided in the Guidance Notes made available to the candidates a...
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Companies/Agencies Seeking Verification of Chartered Accountants Qualification to Remit Fee - ICAI
Posted Date : 14-Oct-2014 , 08:56:17 am | Posted By CASANSAAR
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(EXAMINATION DEPARTMENT)
In terms of the decision of the Finance Committee of the Institute taken at its 23rd meeting on the recommendations of the Examination Committee, it was decided to charge a sum of Rs.500/- per person as the education verificati...
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ICAI working on changes to Indian Accounting Standards
Posted Date : 08-Oct-2014 , 09:13:37 pm | Posted By CASANSAAR
The apex body of chartered accountants ICAI is in the process of making changes to the Indian accounting standards as part of efforts to converge with international norms. The government wants companies to adopt the new Indian Accounting Standards (Ind AS) - converged w...
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Empanelment of Members for the Assignment of
Posted Date : 01-Oct-2014 , 02:39:27 pm | Posted By CASANSAAR
October 1, 2014
Empanelment of members for the assignment of “Checkers” for CA examinations to be held in November 2014Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of t...
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Extension of Date for Empanelment as Observers for Nov/Dec. 14 CA Exams/CPT, extended to 7th October 2014 - ICAI
Posted Date : 30-Sep-2014 , 03:12:06 pm | Posted By CASANSAAR
Empanelment of members to act as Observers for CA examinations/Common Proficiency Test (CPT) to be held in November/December 2014ICAI had invited applications from eligible members to undertake the assignment of Observers in the CA examinations/CPT to be held in Nov. 2014 vide announcement dated 29t...
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ICAI initiative on order dated 20th August, 2014 pronounced by a Bench of Income Tax Appellate Tribunal, Mumbai.
Posted Date : 19-Sep-2014 , 10:23:41 pm | Posted By CASANSAAR
ATTENTION OF MEMBERSICAI initiative on order dated 20th August, 2014 pronounced by a Bench ofIncome Tax Appellate Tribunal, Mumbai
Members are aware of the general remarks against ICAI made by Hon 'ble ITAT Mumbai Bench in respect of its order dated 20th August, 2014 wherein the tax adv...
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Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12 (Last date for sending comments: October 9, 2014) - ICAI
Posted Date : 09-Sep-2014 , 05:07:24 pm | Posted By CASANSAAR
This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the ‘Interpretations Committee’) to clarif...
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Chartered Accountant arrested for faking his Death
Posted Date : 06-Sep-2014 , 09:23:56 am | Posted By CASANSAAR
A Chartered Accountant from Vijayawada allegedly cheated the special court for economic offences here by producing a fake death certificate though he was alive. The court issued a non bailable warrant against him and he was arrested.
The CA, Nadella Srinivas Rao had many high flyi...
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Raises alarm over CA's Reckless Advice, Calls ICAI to stem Deteriorating Standards - ITAT
Posted Date : 05-Sep-2014 , 09:11:11 am | Posted By CASANSAAR
ITAT dismisses Assessee's plea to condone 2984 days delay in filing of appeal, rejects 'Improper Advice' given by CA Firm as ground for Condonation / "Sufficient Delay";
Tribunal taken aback by CA Firm's Affidavit, stating that it had advised Assessee not to file an appeal with ITAT on same...
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