60-yr-old CA in EOW net for selling TDR worth Rs 5 cr
Posted Date : 23-Mar-2012 , 08:16:00 am | Posted By CASANSAAR
The economic offences wing (EOW) has arrested two persons-a 60-year-old chartered accountant and the accountant of an infrastructure firm-for selling transfer of development rights (TDR) valued at Rs 4.61 crore to four companies.The FIR was lodged by Dhiren Mehta, director of Bharat Insulation ...
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Verification Status November - 2011 ICAI Examinations
Posted Date : 15-Mar-2012 , 08:20:42 am | Posted By CASANSAAR
Click on the below links.
IPCE - NOVEMBER, 2011
PCE - NOVEMBER, 2011
FINAL - NOVEMBER, 2011
Source : www.icai.org
...
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ICAI |
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Fund inflow in audit companies like PwC and Lovelock & Lewes against FDI norms
Posted Date : 13-Mar-2012 , 08:17:48 am | Posted By CASANSAAR
The inflow of funds from Pricewaterhouse-Coopers Services BV, Netherlands, was first shown as 'reimbursement of expenses' - including in representation made to banks - but later invoiced as 'support' and finally as 'grant'. Surprisingly, the books of accounts classified this as 'sundry income' , ...
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ICAI |
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0 | Hits : 338
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Newly Wed Gurgaon Chartered Accountant, Designer Wife Found Dead In Agra
Posted Date : 09-Mar-2012 , 08:42:35 am | Posted By CASANSAAR
Puneet Gupta, a chartered accountant working in Gurgaon, alongwith his fashion designer wife Varsha had gone to celebrate Holi in Agra at Punit's father's home in Kunwar colony, but were found dead in mysterious circumstances. After celebrating Holi, the two went to have a bath in the washr...
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ICAI |
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1 | Hits : 1223
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ICAI Announcement - Regarding Bank Branch Audit related matters.
Posted Date : 06-Mar-2012 , 08:04:12 am | Posted By CASANSAAR
For Information of MembersAnnouncement[Regarding Bank Branch Audit related matters]
The office bearers and Council Members of the Institute have been in receipt of a representation from various members in regard to certain issues concerning the profession and in particular re: matters...
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ICAI |
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0 | Hits : 1928
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HC raps CA for trying to save illegal building
Posted Date : 01-Mar-2012 , 07:39:42 am | Posted By CASANSAAR
A chartered accountant who knocked at the doors of the Madras high court to reopen his sealed unauthorized building found himself at the receiving end with the court ordering initiation of criminal proceedings against him.M R Badrinarayana, a resident of Shanthi Colony in Anna Nagar, first...
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ICAI |
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0 | Hits : 574
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Promising Times for Chartered Accountants
Posted Date : 29-Feb-2012 , 08:48:26 am | Posted By CASANSAAR
These are exciting yet challenging times for Indian chartered accountants. The year 2012 will be an eventful year for Indian accountantcy profession if both external and internal developments are any indication. World economy is in turmoil and is casting its shadow on India, thereby putt...
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ICAI |
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ICAI's President's Message - March 2012
Posted Date : 28-Feb-2012 , 07:50:19 am | Posted By CASANSAAR
Dear friends,
The only thing that is never-changing is the change itself. And every change offers a new beginning. This is the eternal phenomenon that encompasses everything - our profession and the ICAI included. As the ICAI enters a new Council Year, the baton of profession’s ...
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ICAI |
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CA's Well-versed in taxes, not necessarily investments
Posted Date : 24-Feb-2012 , 08:33:25 am | Posted By CASANSAAR
The Securities and Exchange Board of India is quite clear about a chartered accountant's role and possibly, therefore, the mandate: Exclude him from the ambit of regulations for investment advisors. However, Financial Planning Standards Board (FPSB) India isn't nodding in agreement.
In fa...
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ICAI |
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ICAI Requests Members to Share Hardship Being Faced with Regard to TDS Returns.
Posted Date : 19-Feb-2012 , 07:12:02 pm | Posted By CASANSAAR
The Direct Taxes Committee of ICAI makes suitable representations to the Central Board of Direct Taxes or other appropriate bodies on various issues arising out of direct tax laws from time to time which are brought to the notice of the Committee by the members. Recently, it has been brought to...
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ICAI |
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Opening of Certified Registration Centre for Facilitating Student Services - ICAI
Posted Date : 15-Feb-2012 , 08:36:17 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has introduced a scheme for opening of Certified Registration Centre at the office of chartered accountants firms/practicing members in order to provide online registration facility in CPT course.
...
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ICAI |
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ICAI bans PW India's top auditor for life in Satyam case
Posted Date : 14-Feb-2012 , 08:15:41 am | Posted By CASANSAAR
Trouble continues for the PricewaterhouseCoopers India network over the Satyam scandal. A little over two months after banning two audit managers from its India network, the Institute of Chartered Accountants of India (ICAI) has banned one of the firm's top audit partner Srinivas Talluri f...
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ICAI |
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New President & Vice-President of ICAI
Posted Date : 12-Feb-2012 , 03:10:59 pm | Posted By CASANSAAR
CASANSAAR Team Congrats New President & Vice-President of ICAI
CA. Jaydeep Narendra ShahPresident, ICAI
CA. Subodh Kumar AgrawalVice-President, ICAI
...
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ICAI |
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Chartered Accountants, Cost Accountants & Company secretaries may soon work under one roof
Posted Date : 06-Feb-2012 , 08:47:23 am | Posted By CASANSAAR
Representatives of the professional bodies for chartered accountants (CAs), company secretaries and cost accountants will meet later this month to decide on ways members of the three institutes can work together in a limited liability partnership (LLP) firm.
The presidents of the Institut...
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ICAI |
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ICAI proposes increased disclosure by listed cos
Posted Date : 03-Feb-2012 , 08:26:18 am | Posted By CASANSAAR
Accounting authorities are considering a proposal that will ask listed companies to disclose the extent of their holdings in risky regions or in volatile financial instruments, on the grounds that stakeholders need to be informed about the impact of such exposures. The proposal, which will have t...
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ICAI |
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ICAI panel on black money to submit report in a fortnight
Posted Date : 31-Jan-2012 , 07:55:26 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has said a committee constituted to suggest ways to check and bring back black money stashed in banks abroad will submit its report to the Finance Ministry within a fortnight. The institute has asked the government to bring in a...
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ICAI |
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Online Registration Candidates Campus Placement Programme Feb-March 2012
Posted Date : 27-Jan-2012 , 09:21:51 am | Posted By CASANSAAR
Dear Newly Qualified Chartered Accountants,At the outset, let me on behalf of entire ICAI fraternity congratulate you on becoming a CA. It is indeed a proud achievement and I whole-heartedly welcome you to our elite Chartered Accountants' fraternity.You may be aware that our alma m...
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ICAI |
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Punjab candidates rope in CAs for managing poll expenses
Posted Date : 26-Jan-2012 , 09:19:31 am | Posted By CASANSAAR
With the Election Commission keeping a strict vigil on expenditure in the Assembly polls, many candidates have roped in tax experts like Chartered Accountants to ensure that their spending remains within the maximum limit.
The CAs are not only helping election candidates in avoiding the "...
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ICAI |
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CA loses Rs 1.41 lakh in net banking fraud
Posted Date : 24-Jan-2012 , 08:49:42 am | Posted By CASANSAAR
A chartered accountant employed with a Gurgaon-based MNC and resident of Vasant Kunj in New Delhi alleged that he was fleeced of R1.31 lakh through internet banking fraud.
According to victim Harsh Mehta, 27, the money was siphoned off from his salary account in the Gurgaon branch of...
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ICAI |
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ICWAI gets its Name Changed to ICAI and its Members to use ACMA and FCMA
Posted Date : 19-Jan-2012 , 09:07:06 pm | Posted By CASANSAAR
The Institute of Cost and Works Accountants of India (ICWAI) will be henceforth be known as The Institute of Cost Accountants of India (ICAI). The change is a sequel to the passing of of ICWAI Amendment Act 2011, to enable their members to use the designation ACMA and FCMA denoting Associate and Fel...
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ICAI |
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Education institutions should follow uniform accounting system: ICAI
Posted Date : 19-Jan-2012 , 08:27:33 am | Posted By CASANSAAR
Accounting regulator ICAI has recommended to the Human Resource Development Ministry that all education institutions should follow a uniform system for maintaining their account books, in order to ensure a "true and correct picture" of the state of their affairs. The Institute of Chartered Acco...
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ICAI |
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ICAI to probe fund inflows into PwC India’s arms
Posted Date : 18-Jan-2012 , 09:23:49 am | Posted By CASANSAAR
Auditing regulator Institute of Chartered Accountants of India (ICAI) on Tuesday said it will look into reports of money inflows into several Pricewaterhouse-Coopers (PwC) India entities, including the group's audit firms Price Waterhouse (PW) and Lovelock & Lewes (LL). ICAI presi...
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ICAI |
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CAs lobby against RBI plan to reduce audits
Posted Date : 16-Jan-2012 , 08:39:00 am | Posted By CASANSAAR
Chartered accountants (CAs) are lobbying hard to protect a source of income that’s at risk of drying up as the Reserve Bank of India (RBI) may allow state-run banks to stop branch audits, a move that could save costs.
Banks are looking for savings as a slowing economy acts as ...
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Chartered Accountants must gear up to face challenges: ICAI President
Posted Date : 14-Jan-2012 , 09:41:10 pm | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) President G. Ramaswamy on Friday urged the Chartered Accountants to gear up to face the number of challenges facing the profession.
Chartered Accountants are facing stiff competition in the form of numerous legislations such as Companies Bill, Go...
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ICAI |
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Result of the Information Systems Audit [ISA] Assessment Test held on 24th December, 2011 is likely to be declared tentatively on 18th January, 2012
Posted Date : 13-Jan-2012 , 08:28:29 am | Posted By CASANSAAR
12th January, 2012
IMPORTANT ANNOUNCEMENT
The result of the Information Systems Audit [ISA] Assessment Test held on 24th December, 2011 is likely to be declared tentatively on 18th January, 2012 around 2.00 PM at the Institute’s office at New Delhi.The result of the above A...
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ICAI |
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0 | Hits : 452
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Announcement for Revision in Fee of Expert Advisory Committee
Posted Date : 11-Jan-2012 , 07:48:06 am | Posted By CASANSAAR
The Council, at its 312th meeting held on 25th to 27th December, 2011, has approved an upward revision in fee charged by the Expert Advisory Committee for giving its opinion. The approved fee is given below:
(i) Rs. 50,000/- per query where the query relates to:
...
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ICAI |
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0 | Hits : 256
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ICAI charges Vadlamani, Srinivas of misconduct
Posted Date : 10-Jan-2012 , 09:17:23 am | Posted By CASANSAAR
Three years after the multicrore Satyam accounting fraud came to light, the Institute of Chartered Accountants of India on Thursday found the chief financial officer of the erstwhile Satyam Computer Services Ltd guilty of professional misconduct.
The ICAI also found Talluri Srinivas, partne...
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ICAI |
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ICAI Convocation (II) - 2011
Posted Date : 09-Jan-2012 , 08:35:55 pm | Posted By CASANSAAR
The Convocation for the newly enrolled Members admitted during the period April, 2011 to August, 2011 will be held as per schedule given below with a view to inculcate a sense of belongingness and attachment with the Institute.
Region
Date
Place
Venue
Timing
Northern
1...
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CA Institute inks pact with UK accountancy body
Posted Date : 08-Jan-2012 , 08:03:27 am | Posted By CASANSAAR
The CA Institute has signed a memorandum of understanding with the Association of International Accountants (AIA), a UK-based professional accountancy body, for reciprocal membership arrangement.
This MOU was signed by the President, Institute of Chartered Accountants of India, Mr G. Ramasway, an...
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ICAI |
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0 | Hits : 1027
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More trouble for Vijay Sai from ICAI?
Posted Date : 07-Jan-2012 , 08:31:36 pm | Posted By CASANSAAR
There's more trouble brewing for V Vijay Sai Reddy, who was recently arrested by the CBI, with the Institute of Chartered Accountants of India (ICAI) preparing ground to initiate proceedings against him.
A chartered accountant and founder of audit firm V S Reddy Associates, Vijay Sai is be...
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ICAI |
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