ICAI to submit suggestions on black money by August end
Posted Date : 11-Jul-2011 , 09:01:07 pm | Posted By CASANSAAR
Accounting regulator ICAI today said it will submit to the government, its suggestions on the ways to deal with the menace of black money and retrieving illegal money stashed in tax havens and overseas banks by the end of August. "We (the Committee) have had our first meeting. Right now we are colle...
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CBI arrests an Income Tax Officer and a Chartered Accountant in a bribery case
Posted Date : 09-Jul-2011 , 07:57:30 am | Posted By CASANSAAR
The Central Bureau of Investigation has arrested an Income Tax Officer and a Chartered Accountant, both of Aurangabad for demanding and accepting a bribe of Rs.15,000/- from the complainant.
A complaint was received at CBI, ACB, Pune from the complainant against the ITO Ward (1)(2), Auranga...
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ICAI to suggest ways to deal with black money
Posted Date : 08-Jul-2011 , 07:37:08 am | Posted By CASANSAAR
As the heat turns on the government on the issue of black money, the Institute of Chartered Accountants of India (ICAI) on Thursday said it would suggest to the finance ministry ways to track and control illicit money.
A committee, consisting of nine members of ICAI’s central council ...
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CA institute asked to define ‘presumptive loss'
Posted Date : 02-Jul-2011 , 07:27:26 am | Posted By CASANSAAR
The CA institute must delve deep into the concept of “presumptive loss” and look at defining it, Mr K. Rahman Khan, Deputy Chairman of the Rajya Sabha, has suggested.
“Now that the CAG has said that calculating presumptive loss and reporting it was very much within its dom...
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63rd foundation day of the Institute of Chartered Accountants of India (ICAI)
Posted Date : 01-Jul-2011 , 10:14:51 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) today celebrated its 63rd foundation day. It was on this day in 1949 the Chartered Accountants Act was passed by the Parliament. At a function organised in Vigyan Bhawan, New Delhi Shri Rameshwar Thakur, Pas...
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ICAI wants SBI to explain clean-up act
Posted Date : 11-Jun-2011 , 08:25:49 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will write to State Bank of India (SBI) in a week asking the country’s largest commercial bank to explain the high provisioning it made in the fourth quarter of the fiscal 2010-11. SBI’s huge provisioning resulted in a plunge in its ...
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Political parties to go corporate as EC mulls accounting rules
Posted Date : 29-May-2011 , 08:36:32 pm | Posted By CASANSAAR
In an effort to curb the use of black money in the electoral process, the Election Commission now plans to ask political parties to conduct their finances in a corporate fashion by getting their accounts audited and publishing their audited finance sheets annually.
The EC has received a hos...
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CCBCAF & SMP initiative for prescribing the Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants
Posted Date : 06-May-2011 , 11:25:34 am | Posted By CASANSAAR
The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI (CCBCAF & SMP) has taken a major initiative for prescribing the Minimum Recommended Scale of Fees for the professional assignments done by our members of ICAI. The recommendation is about the fee to be cha...
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ICAI’S annual international meet begins in Dubai
Posted Date : 28-Apr-2011 , 11:09:58 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI)’s annual international meet started in Dubai on Thursday. More than 800 delegates from various GCC countries attended the inaugural session of the two-day conference hosted by Dubai chapter of the Institute.
Held under the theme “Wo...
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ICAI plans online knowledge base
Posted Date : 26-Apr-2011 , 11:58:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India is all set to start its online facility aimed at enhancing knowledge base and updating the skills of chartered accountants across India.
“To enhance the knowledge base of members and chartered accountancy firms, the ICAI has init...
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ICAI prepares draft accounting standards for political parties
Posted Date : 21-Apr-2011 , 09:02:51 pm | Posted By CASANSAAR
Accounting regulator Institute of Chartered Accountants of India today said it has prepared draft accounting standards for political parties on a request from the Election Commission. "The council has approved uniform financial statement and accounting and auditing framework for political parties," ...
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Icai issues notice to Price Waterhouse
Posted Date : 17-Apr-2011 , 08:50:02 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (Icai) has asked Price Waterhouse (PWC) India to show reasons why it should not be deregistered in regard to its association as auditor to Satyam Computer Services Ltd.
The notice by the institute, which regulates the profession of chartered accou...
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FinMin, industry to discuss takeover code on Thursday
Posted Date : 17-Apr-2011 , 08:46:29 pm | Posted By CASANSAAR
The finance ministry has called a meeting of industry chambers and chartered accountants on Thursday to seek their views on the revised takeover code that proposes to make acquisitions costlier. It has also called members of the panel that drafted the proposals for the meeting.
The ministry wan...
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ICAI |
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ICAI may propose fresh shares for subscribers of overpriced IPOs
Posted Date : 09-Apr-2011 , 11:26:03 pm | Posted By CASANSAAR
Concerned that scores of initial public offerings (IPOs) that hit the market of late appear to have been overpriced, the Institute of Chartered Accountants of India (ICAI) is considering recommending a formula for the companies to compensate their shareholders by doling out fresh shares.
The IC...
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Indian Accounting Firm Is Fined $7.5 Million Over Fraud at Satyam
Posted Date : 06-Apr-2011 , 09:29:52 pm | Posted By CASANSAAR
The Indian affiliate of PricewaterhouseCoopers routinely failed to follow the most basic audit procedures, the United States Securities and Exchange Commission said Tuesday as it penalized the firm for its failed audits of Satyam Computer Services, the Indian company that falsely reported more than ...
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Balance sheets of IPLs delayed
Posted Date : 06-Apr-2011 , 09:26:44 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will take a few more months to submit its report on the balance sheets of eight Indian Premier League (IPL) franchises, amid indications that accounting regulator has stumbled upon violations of auditing norms by some teams in the league.
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ICAI panel to guide, support cooperative sector
Posted Date : 02-Apr-2011 , 08:19:33 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has formed a committee to guide and support the cooperative sector in streamlining their audit procedures and raise governance levels, President G Ramasamy said today.
The ICAI has suggested replicating the successful laws in the sector in ...
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Suggestions of ICAI Accepted in the Finance Bill, 2011
Posted Date : 26-Mar-2011 , 10:28:27 pm | Posted By CASANSAAR
Direct Tax- Suggestions of ICAI considered in the amendments to Finance Bill, 2011 as passed in the Lok Sabha
Indirect Tax- Suggestions of ICAI considered in the amendments to Finance Bill, 2011 as passed in the Lok Sabha
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ICAI International Study Tour to Karachi, Pakistan from 25th-28th July, 2011 (3 nights and 4 days)
Posted Date : 22-Mar-2011 , 12:20:07 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of Pakistan (ICAP) is celebrating year 2011 as the Golden Jubilee Year of their Institute. To commemorate the occasion, they are organizing an International Conference on 26th July -27th July 2011 at DAC&GC Karachi, Pakistan.
...
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ICAI committee to help corporates identify CSR projects
Posted Date : 14-Mar-2011 , 09:28:11 pm | Posted By CASANSAAR
Accounting regulator ICAI has formed an advisory committee of chartered accountants to help corporates identify social sector projects on which they would be required to spend two% of their net profit.
The Public Advisory Committee, of the Institute o...
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Probe into Satyam scam to end in 6 months: ICAI President
Posted Date : 14-Mar-2011 , 12:25:05 pm | Posted By CASANSAAR
The New President of the Institute of Chartered Accountants of India, G Ramaswamy has said a special bench has been constituted to look into the Satyam matter. The special bench includes nominees from the central bureau of investigation and the comptroller and auditor general o...
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