ICAI raises concerns on fraud reporting in Companies Act
Posted Date : 28-Apr-2014 , 08:18:07 am | Posted By CASANSAAR
The accounting regulator Institute of Chartered Accountants of India (ICAI) has raised concerns over the demand of reporting every fraud to the Central government by auditors within 60 days under the new Companies Act.
The ICAI has also urged the ministry of corporate affairs to relax the cap on nu...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1302
|
 |
ICAI to issue norms on fraud reporting by Auditors
Posted Date : 24-Apr-2014 , 07:27:44 am | Posted By CASANSAAR
Accounting watchdog the Institute of Chartered Accountants of India (ICAI) will bring out a guidance note for auditors on detecting corporate fraud. This follows the new Companies Act making it mandatory for auditors to report corporate frauds to the government within a specified time fram...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1367
|
|
ICAI bans four auditors for life in Satyam Scam
Posted Date : 23-Apr-2014 , 07:56:50 am | Posted By CASANSAAR
The chapter of Satyam scam is finally set to close as far as the accounting regulator, ICAI, is concerned. The Institute of Chartered Accountants of India (ICAI) has imposed a life-time ban on four auditors — S Gopalakrishna, Talluri Srinivas, V Srinivasa and VS Prabhakara Rao — involved...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 2437
|
|
Milestone 100
Posted Date : 22-Apr-2014 , 08:45:54 am | Posted By CASANSAAR
Many thanks to all users for their faith in CASANSAAR. Heartiest thanks to the lucky CA.Revati Galgali for getting developed 100th website (www.rvgco.in) from CASANSAAR.
Great show by the team of CASANSAAR who have worked day and night continuously to achieve this landmar...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1954
|
|
This is the age of Professional Accountants and not Chartered Accountants - ICAI President
Posted Date : 21-Apr-2014 , 06:57:45 am | Posted By CASANSAAR
“This is timely and appropriate in view global situation. Why should there be a monopoly of one profession? Cost-based and operational audits are required today. This is the age of professional accountants and not chartered accountants. Stakeholders need specific information,” SC Mohanty...
Continue Reading...
Category :
ICAI |
Comments :
3 | Hits : 1939
|
|
ICAI to start flexi working portal for women CA for working from Home
Posted Date : 20-Apr-2014 , 05:43:28 pm | Posted By CASANSAAR
The Institute of Chartered Accountant of India (ICAI) plans to start women flexi working portal by next week, to facilitate female chartered accountants to work from home and having flexible working hours.Under the plan, ICAI flexi working portal would allow qualified CA women to have flexible worki...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 2522
|
|
Eligibility Test for ISA is scheduled to be held on Saturday the 10th May, 2014
Posted Date : 16-Apr-2014 , 09:26:33 pm | Posted By CASANSAAR
1. The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 10th May, 2014 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 15th April, 2014.
2. Attendance of members, wh...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1092
|
|
Murder of CA Anand Agarwal - Will ICAI take appropriate Action?
Posted Date : 14-Apr-2014 , 08:45:58 am | Posted By CASANSAAR
CA Anand Agarwal, Age 26 ,who was posted in Assam for in service with Eastern Coal field ltd.
He was found dead in his room on 04.04.2014. He was poisoned through Dinner. A news paper circulated this sad news.
Police is not taking any substantial action due to possible involvement of Coal mafi...
Continue Reading...
Category :
ICAI |
Comments :
3 | Hits : 4853
|
|
A Golden Opportunity for Professionals (CA, CS, CMA) by CASANSAAR
Posted Date : 10-Apr-2014 , 07:59:03 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.
By paying just ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 9747
|
|
Clarification on Applicability of the Companies Act, 2013 to Auditor's Report to FY 2014-15 and Onwards - ICAI
Posted Date : 08-Apr-2014 , 09:19:15 pm | Posted By CASANSAAR
CLARIFICATION Applicability of the Companies Act, 2013 to Auditor’s Report to FY 2014-15 and Onwards
The Ministry of Corporate Affairs, on 26th March 2014 notified a majority of the remaining sections of the Companies Act, 2013, including sections 139 to 148, relating t...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1412
|
|
Special council meeting convened to discuss Audit cap, Tax Audit Blues - ICAI
Posted Date : 08-Apr-2014 , 08:24:27 am | Posted By CASANSAAR
The auditing fraternity is clearly facing the regulatory heat going by the recent rules notified under the new company law.
Besides mandatory auditor rotation and requirement on reporting of frauds to the central government, the chartered accountants’ fraternity has to grapple with a ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1510
|
|
ICAI to prepare road map for economic reforms, taxation
Posted Date : 05-Apr-2014 , 08:41:44 am | Posted By CASANSAAR
For the first time, the CA Institute plans to frame a model roadmap for Indian economy and submit it to the new Central Government on its first day in office.
Towards this end, the CA Institute will host a national summit on "Indian economy and way forward" in the capital on Saturday, Anuj ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1165
|
|
Limit on Audits could pose practical difficulties, says ICAI
Posted Date : 02-Apr-2014 , 06:37:24 am | Posted By CASANSAAR
Limiting the number of firms that can be audited simultaneously by an auditor could create practical difficulties for the profession, accounting regulator ICAI has said.
Most of the provisions of the Companies Act, 2013, have come into effect from today.
The new law would bri...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2439
|
|
Retain our Audit, Regulatory roles: ICAI to Ministry
Posted Date : 29-Mar-2014 , 10:19:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India, the regulator of corporate accounting and audits, is hoping the Union Ministry of Corporate Affairs will acknowledge its current role and accept its recommendations regarding avoidance of certain domain-overlapping functions with those of the proposed...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1765
|
|
ICAI suggests revised IFRS road map, to start from April 2016
Posted Date : 25-Mar-2014 , 08:19:04 am | Posted By CASANSAAR
Revising its earlier road map, ICAI has recommended that companies, having net worth of over Rs 500 crore, implement new accounting standards that converge with global norms from April 1, 2016.
The Institute of Chartered Accountants of India (ICAI), the country's apex accounting wat...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1167
|
|
EXPERT PANEL for Addressing Bank Branch Audit Queries FY 2013-14 - ICAI
Posted Date : 23-Mar-2014 , 07:06:25 pm | Posted By CASANSAAR
The bank audit season is around the corner. Given the fact that the banking industry istypical in terms of its geographical and customer spread, the volume and varied natureof products and services offered, coupled with the strict constraints for completing theaudits, the members, many a times, face...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1375
|
|
New Initiative by CASANSAAR, Free Web-Designing for Chartered Accountants
Posted Date : 22-Mar-2014 , 09:44:18 am | Posted By CASANSAAR
CASANSAAR are providing you free Designs for your Professional Website. It’s totally Free of Cost. Out of our 100 Designs you can select any Design for your Professional Website & can create your own Personal Professional Website as per your own choice. After Selecting the Website Des...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 5033
|
|
Unreasonable threatening calls from a Company named WEBTEL to CASANSAAR & the Members of CASANSAAR
Posted Date : 13-Mar-2014 , 09:08:13 am | Posted By CASANSAAR
We & Members of CASANSAAR are receiving calls from a Company named Webtel. They have threatened us as to why we are selling Websites at Rs.2100/- which are very below market Price as Compare to the Price of Webtel which is Rs. 10,000/- to Rs. 12,000/-.
We responded to Webtel that ...
Continue Reading...
Category :
ICAI |
Comments :
3 | Hits : 2486
|
|
Accounting watchdog ICAI comes under Competition Commission Scanner
Posted Date : 13-Mar-2014 , 08:50:16 am | Posted By CASANSAAR
Finding prima facie evidence of violations, Competition Commission has ordered a detailed probe against accounting watchdog ICAI with regard to alleged discriminatory practices in organising professional education programmes for its members.
It is alleged that the Institute of Chartered Accou...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1885
|
|
Gulf pays Chartered Accountants Four times more than India
Posted Date : 11-Mar-2014 , 08:25:23 am | Posted By CASANSAAR
Chartered Accountant Prateek Sen who has worked for an Indian firm for two years, is set to shift to Dubai at four times what he has been getting here.
“I would be a fool not to take up the job,” says the 28-year-old, eager to cross the Arabian Sea for what is clearly a tr...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 3046
|
|
ICAI to help EC make political funding more transparent
Posted Date : 11-Mar-2014 , 08:20:02 am | Posted By CASANSAAR
Accounting regulator ICAI will assist Election Commission in ensuring that "sound accounting principles" are followed in the financial statements of political parties to make election funding more transparent.
The Institute of Chartered Accountants of India had provided as...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1076
|
|
Bribery case: Chartered Accountant sent to Police Custody
Posted Date : 08-Mar-2014 , 08:44:33 am | Posted By CASANSAAR
A Chartered Accountant Rajiv Jain , who along with four others arrested for allegedly trying to get favourable order from the Board for Industrial and Financial Reconstruction (BIFR), was sent to a day's police custody by a Delhicourt.
The court, however, sent accused Arun H Jain, Managi...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3146
|
|
Download Guidance Note on Audit of Banks issued by ICAI
Posted Date : 01-Mar-2014 , 10:18:57 am | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has issued Guidance Note on Audit of Banks 2014 edition. For the benefit of members, complete text of the Guidance Note along with the accompanying appendices etc. ca...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2957
|
|
Announcement for Revision in Fee of Expert Advisory Committee - ICAI
Posted Date : 26-Feb-2014 , 10:59:55 pm | Posted By CASANSAAR
The Council, at its 331st meeting held on 10th to 12th February, 2014, has approved an upward revision in fee charged by the Expert Advisory Committee for giving its opinion. The approved fee is given below:
Rs. 75,000/- per query where the query relates to:
an enterprise whose equity or debt...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 983
|
|
NIRC Vice-Chairman's Firm appointed as Auditor of ICAI Noida Branch
Posted Date : 20-Feb-2014 , 10:58:43 am | Posted By CASANSAAR
Through RTI it is revealed that M/s. RAG & ASSOCIATES, 622 Sector-46A, Noida-201301(UP) has been appointed Statutory Auditor to Conduct Audit of Noida Branch for the year 2013-2014. CA.Raj Chawla (NIRC Vice Chairman) is a Sr.Partner in RAG & Associates.
Sources have also informed th...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1768
|
|
ICAI helping India Post move toward accrual system of accounting
Posted Date : 16-Feb-2014 , 09:38:17 pm | Posted By CASANSAAR
If India Post is in the process of shifting from cash system of accounting to accrual system, they have the Institute of Chartered Accountants of India (ICAI) to thank for. The accrual system of accounting is in conformity with global standards of accountancy and takes in to accounts asset...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 934
|
|
ICAI to hold campus placements from Feb 17
Posted Date : 15-Feb-2014 , 10:46:56 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is to hold its campus placement programme for newly qualified chartered accountants (CAs) between February 17 and March 15 at 16 centres across the country.
According to newly elected ICAI President K. Raghu, 2,690 candidates have regis...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 741
|
|
Applicability of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 to CA firms
Posted Date : 13-Feb-2014 , 09:53:45 pm | Posted By CASANSAAR
ANNOUNCEMENT
SUB: APPLICABILITY OF GUIDELINES LAID DOWN BY HON’BLE SUPREME COURT IN THE CASES OF VISHAKHA & ORS. VS. STATE OF RAJASTHAN & ORS. AND DR. MEDHA KOTWAL LELE & ORS. VS. UNION OF INDIA & ORS. FOR PREVENTION AND DEALING WITH THE SEXUAL HARASSMENT AT ...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1231
|
|
Insertion of new paragraph 46 in AS 11, The Effects of Changes in Foreign Exchange Rates, issued by ICAI
Posted Date : 13-Feb-2014 , 01:34:09 pm | Posted By CASANSAAR
Insertion of new paragraph 46 in AS 11, The Effects of Changes in Foreign Exchange Rates, issued by TheInstitute of Chartered Accountants of India, for their applicability to entities other than companies
1. The Ministry of Corporate Affairs, Government of India, inserted par...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1210
|
|
ICAI to introduce with guidance on frauds
Posted Date : 13-Feb-2014 , 01:27:55 pm | Posted By CASANSAAR
In efforts to curb the menace of corporate misdoings, apex body of chartered accountants ICAI will come out with guidelines for its members on various aspects of effective internal financial controls and possible frauds.
In this regard, the Institute of Chartered Accountants of India...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 911
|
|
|
