Details of Roll Nos. and Examination Centres pertaining to PQC November, 2013 Examinations - ICAI
Posted Date : 14-Oct-2013 , 08:56:01 pm | Posted By CASANSAAR
MAC (Part-I)
CMC (Part-I)
TMC (Part-I)
DIRM
ITL&WTO (Part-I)
Source :- ICAI...
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Penal provisions for the members of the Institute who had not complied with their CPE Hours requirements for the block period of 3 years
Posted Date : 09-Oct-2013 , 02:08:15 pm | Posted By CASANSAAR
For kind information of the membersSub : Penal provisions for the members of the Institute who had not complied with their CPE Hours requirements for the block period of 3 years(1-1-2011 to 31-12-2013)
In order to function the system of mandatory CPE effective, the Council of the Instit...
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Ernst & Young associate escapes ICAI scrutiny
Posted Date : 02-Oct-2013 , 08:41:05 am | Posted By CASANSAAR
An associate of global accounting firm Ernst & Young in India, SV Ghatalia & Associates, auditors of the beleaguered National Spot Exchange (NSEL) for 2011-12, has been kept outside the purview of scrutiny by the Institute of Chartered Accountants in India (ICAI) into the factors t...
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Why ICAI require a Council or Committees to run the Show?
Posted Date : 01-Oct-2013 , 01:53:44 pm | Posted By CASANSAAR
Since last couple of years this question has been become a Frequently Asked Question (FAQ) of each episode like what happened in last week in the wake of CBDT and Ministry of Finance virtually ignored and rejected the ICAI positions and written requests, representations made by the ICAI as...
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ICAI formed committee to amend Regulation restricting three consecutive term as Council Member
Posted Date : 27-Sep-2013 , 10:52:04 pm | Posted By CASANSAAR
ICAI has constituted a committee to look into amendments if any to be made in rules related to three consecutive term restriction on the continuance as member of the Regional Council vis-à-vis corresponding applicable rules pertaining to Central Counci...
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ICAI begins probing Financial Tech, NSEL issues
Posted Date : 26-Sep-2013 , 08:17:39 am | Posted By CASANSAAR
With the auditors withdrawing their audit report on crisis-hit NSEL’s promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the stakeholders concerned.
“There are certain provisions in the auditi...
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Extension of the Date for Sending Suggestions on 2014 Guidance Note on Audit of Banks
Posted Date : 18-Sep-2013 , 01:57:48 pm | Posted By CASANSAAR
Please note that the last date for sending suggestions on the 2014 Guidance Note on Audit of Banks has been extended from 15th September 2013 to 07th October 2013. The suggestions can be sent at aasbsecretariat@icai.in
ICAI...
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ICAI to hold inquiry after CA student hacks Anil Ambani's I-T details
Posted Date : 14-Sep-2013 , 07:00:24 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India on Saturday said it will conduct inquiry in the matter of the 21-year-old CA student allegedly hacking the Income Tax account of industrialist Anil Ambani.
Subodh Kumar Agrawal, president of ICAI, said the Hyderabad-based girl, who is pursuing...
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Economic slowdown hits CA recruitment
Posted Date : 04-Sep-2013 , 08:52:02 am | Posted By CASANSAAR
Of the 4,800 fresh CAs enrolled for placements, only 112 have got job offers in the last 1 month
Slowing economic growth seems to have taken its toll on another profession—chartered accountancy. Fewer companies are recruiting chartered accountants, or CAs, whose job spans auditing and accou...
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NFRA not to impact functions of accounting regulator ICAI
Posted Date : 04-Sep-2013 , 08:02:14 am | Posted By CASANSAAR
The setting up of National Financial Reporting Authority (NFRA), a quasi-judicial body, will not impact the role of accounting regulator ICAI, an official said today. Under the new companies law, the government would be setting up the National Financial Reporting Authority (NFRA)...
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ICAI seeks powers to regulate CA coaching institutes
Posted Date : 01-Sep-2013 , 08:55:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India wants the central government to empower the ICAI to regulate, monitor and improve the quality of coaching, and also to save students from paying high amounts of fee.
This has become necessary as some corporate colleges in Andhra Pradesh and so...
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Chartered Accountant arrested for Fraud
Posted Date : 28-Aug-2013 , 08:46:18 am | Posted By CASANSAAR
A Chartered Accountant (CA) has been taken into custody by the Central Crime Station (CCS) sleuths for duping a bank to the tune of Rs 12 crore.
According to CCS, a case was registered against Sai Baba, a chartered accountant from Guntur under various sections, including 42...
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Members facing difficulty in registering themselves as
Posted Date : 27-Aug-2013 , 04:16:12 pm | Posted By CASANSAAR
As the members are aware, e-filing of Tax Audit Reports has been made mandatory from the AY2013-14 onwards vide Notification No. 34/2013 dated 01-05-2013. In order to e-file Tax AuditReport a Chartered Accountant requires to register himself in the e-filing portal as a “Taxprofessional”....
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More CAs needed for Banks and Cooperatives- ICAI
Posted Date : 27-Aug-2013 , 08:48:47 am | Posted By CASANSAAR
An action plan has been prepared to extend the services of Chartered Accountants (CA) to banks and cooperatives in a big way, and the Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI) is holding talks with heads of various banks in the southern States i...
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CAs must rely on audited LLP financials: ICAI
Posted Date : 27-Aug-2013 , 08:40:46 am | Posted By CASANSAAR
Chartered Accountants (CAs) will have to use audited financials of non-corporates, including limited liability partnerships (LLPs), to certify their adjusted total income figures so as to help them pay the mandatory alternate minimum tax (AMT). According to the latest guidance note released by the I...
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NSEL crisis: ICAI offers help for investigation
Posted Date : 23-Aug-2013 , 12:19:48 pm | Posted By CASANSAAR
National Spot Exchange Limited's (NSEL) books could face yet another round of audit as the disciplinary committee of Institute of Chartered Accountants of India (ICAI), which regulates close to 90,000 CA professionals, is open to initiating suo moto action to find out lapses on part of aud...
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Announcement regarding Request for Suggestions on Revision of the Guidance Note on Audit of Banks
Posted Date : 22-Aug-2013 , 08:54:42 pm | Posted By CASANSAAR
1. The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is on...
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Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Saturday the 19th October, 2013
Posted Date : 19-Aug-2013 , 07:33:22 pm | Posted By CASANSAAR
Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Saturday the 19th October, 2013 Last Date for Online Form Submission 7th October, 2013 till 5:30 PM
1. The next Eligibility Test for ISA PQC is schedule...
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High-level panel to decide on new accounting rules this week
Posted Date : 19-Aug-2013 , 08:24:10 am | Posted By CASANSAAR
A high-level government panel is likely this week to take a final call on the new accounting norms, that would converge with international standards.Taking into consideration the interests of the domestic industry, the proposed Indian Accounting Standards (Ind AS) would only converge with the global...
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ICAI to follow provisions of companies' bil
Posted Date : 10-Aug-2013 , 08:55:05 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India(ICAI) on Friday said that it will implement the provisions of the new Companies Bill in letter and spirit.
"It is the duty of the chartered accountants to respect the law of the land and ensure the compliance of all the provisions", Subodh K...
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ICAI launches Accountancy Museum
Posted Date : 06-Aug-2013 , 07:49:09 am | Posted By CASANSAAR
It has huge collection of coins & carvings of Vedic period which defines accountancy culture in India.
The Institute of Chartered Accountancy in India (ICAI) Indore branch launched the first ever accountancy museum of Indore on Saturday. The museum includes all the archival data on char...
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Chartered Accountants submit Petition to Collector
Posted Date : 30-Jul-2013 , 08:27:19 am | Posted By CASANSAAR
Tamil Nadu :- Demanding the arrest of culprits involved in the murder of CA. V. Ramesh, members of The Institute of Chartered Accountants of India (ICAI) submitted a petition to the District Collector, K. Maharabushanam, here on Monday.
Led by V. Madhukar, Chairman, Salem Branch of SIRC and...
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Emphasis of Matter: Auditors' new way to flag off risks
Posted Date : 29-Jul-2013 , 08:19:51 am | Posted By CASANSAAR
To draw investors' attention towards potential financial and litigation risks at companies, the auditors have adopted a new practice of flagging off 'Emphasis of Matter' observations in their audit reports. Such 'Emphasis of Matter' observations are in addition to the usual accounting issues me...
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Technical hurdles delay rollout of new standard for tax audit reports
Posted Date : 24-Jul-2013 , 08:31:57 am | Posted By CASANSAAR
“The pre-fill electronic form has already been released by the tax department. If CAs try to submit the tax audit reports in the already released e-forms taking into account the revised SA 700, it will not marry and several data entries may get lost. This is the reason why ICAI has delayed it ...
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ICAI
Posted Date : 15-Jul-2013 , 06:47:33 am | Posted By CASANSAAR
Kind Attention of the Members
Payment of Membership Fee andCertificate of Practice Fee for the year 2013 -14 Fee circular for Payment of Membership Fee and Certificate ofPractice Fee has already been sent to all the members of...
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Result of the Information Systems Audit [ISA] Assessment Test held on 22nd June, 2013 is likely to be declared on 16th July, 2013
Posted Date : 09-Jul-2013 , 06:50:54 pm | Posted By CASANSAAR
9th July, 2013
IMPORTANT ANNOUNCEMENT
The result of the Information Systems Audit [ISA] Assessment Test held on 22nd June, 2013 is likely to be declared on 16th July, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assessment Test will be av...
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Court awards life term to four for Chartered Accountant's murder
Posted Date : 09-Jul-2013 , 07:55:59 am | Posted By CASANSAAR
A local court awarded life imprisonment to four convicts for the murder of a chartered accountant six years ago on Monday, three days after they were held guilty.
The court also slapped a fine of Rs 30,000 each on Kanav Arora, Ashwinder Singh, both residents of Sector 21, Mandeep Sin...
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Former Council Member of ICAI also wants to open a Bank
Posted Date : 03-Jul-2013 , 08:41:09 am | Posted By CASANSAAR
Until a couple of years ago Vinod Jain, a familiar name in the chartered accountants community, worked out of a small office in Nehru Place, a congested commercial complex in South Delhi, now known more for assembled computers and pirated software. But, that was when the INMACS office...
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The Institute of Chartered Accountants of India celebrated its 65th Foundation Day
Posted Date : 02-Jul-2013 , 08:09:42 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), India’s premier & world second largest accounting body, celebrated its 65th Foundation Day today. A function was organized at Vigyan Bhawan, New Delhi on July 1, 2013.
Union Minister of State(I/C), Shri Sachin Pilot was...
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Happy Chartered Accountants Day (01 July 1949 History of the Institute of Chartered Accountants of India)
Posted Date : 01-Jul-2013 , 08:23:01 am | Posted By CASANSAAR
1st JULY 1949 HISTORY OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
The Companies Act, 1913 passed in pre-independent India prescribed the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor a person had to acquire a restricted ...
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