Extension in the last date for payment of Membership /COP fee - ICAI
Posted Date : 20-Sep-2019 , 09:02:53 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India
Important Announcement
The Council of ICAI has decided to extend the last date for payment of Membership /COP fee for the year 2019-20 up to 30th November, 2019.
Date: 18th September, 2019
M& C-MSS Section
ICAI, NOIDA...
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Extension of time limit of UDIN generation from 15 days to 30 days - ICAI
Posted Date : 19-Sep-2019 , 01:45:30 pm | Posted By CASANSAAR
Extension of time limit of UDIN generation from 15 days to 30 days - One Time Relaxation
In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meet...
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Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013 - ICAI
Posted Date : 10-Sep-2019 , 09:43:51 am | Posted By CASANSAAR
Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013
1 Section 197(16) of the Companies Act, 2013 requires as under:
“The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid b...
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ICAI relaxes mandatory 8 month study period for CA students
Posted Date : 29-Aug-2019 , 09:58:01 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has decided to relax the mandatory study period for the CA students. The students are supposed to complete an eight-month study period in order for the students to appear for the intermediate examination after completing the CA foundation exam.
...
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Give Amrapali case forensic audit report to ED, Delhi police, ICAI - SC
Posted Date : 27-Aug-2019 , 08:57:31 am | Posted By CASANSAAR
The Supreme Court on Monday directed that a forensic audit report of Amrapali group be given to the Enforcement Directorate (ED), Delhi Police and the Institute of Chartered Accountants in India (ICAI) for taking appropriate action against the company directors and auditors for allegedly siphoning o...
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UDIN being made mandatory from 1st July 19 for all Audit/Assurance/Attest function - ICAI
Posted Date : 02-Jul-2019 , 07:32:15 am | Posted By CASANSAAR
It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders.
To curb this menace and malpract...
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ICAI |
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Govt may setup National Institute for valuers on the lines of ICAI
Posted Date : 10-Jun-2019 , 08:25:33 am | Posted By CASANSAAR
The government will look at setting up a national institute for valuers on the lines of chartered accountants' apex body ICAI, a senior official said Saturday.
The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.
Corporate ...
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Requirement of Mentioning UDIN while Signing Audit Reports - ICAI
Posted Date : 05-Jun-2019 , 09:29:30 am | Posted By CASANSAAR
Announcement for Attention of the Members
Requirement of Mentioning UDIN while Signing Audit Reports
1. The members may be aware that “Unique Document Identification Number (UDIN)” has been made mandatory as per the Council decision taken at it...
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Last Date for availing FREE Unstructured CPE Hours is 31st May 2019
Posted Date : 30-May-2019 , 10:00:47 am | Posted By CASANSAAR
To avail CPE Hours under Unstructured Learning Activities (ULAs), the requirement of submitting Self-declaration in online mode once a year has been withdrawn.
Now members may submit their Self-declaration online even on daily basis as per their convenience.
The members are required to s...
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ICAI releases E Version of Compendium of Ind AS effective 1.4.2019
Posted Date : 15-May-2019 , 10:11:23 am | Posted By CASANSAAR
ICAI releases E Version of Compendium of Ind AS effective 1.4.2019
We are pleased to share that the Accounting Standards Board (the Board/ ASB) of Institute of Chartered Accountants of Indian (ICAI) has released e-version of Compendium of Indian Accounting Standards (Ind AS). As you are a...
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Bar Council of Delhi bars the Big Four- KPMG, PwC, EY and Deloitte from practicing law
Posted Date : 03-May-2019 , 10:17:30 am | Posted By CASANSAAR
The Bar Council of Delhi has directed the Big Four Accounting Firms – KPMG, Price Water House Coopers, Ernst & Young and Deloitte India to refrain from indulging in any practice which would amount to practising law until further orders.
The Bar Council has also directed them to give a l...
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ICAI releases e-version of compendium of revised Indian Accounting Standards
Posted Date : 03-May-2019 , 09:55:07 am | Posted By CASANSAAR
Chartered accountants' body ICAI on May 2 said it has released the e-version of compendium of revised Indian Accounting Standards that incorporates new standard on leases among other amendments.
As part of annual improvements, the Ind AS (Indian Accounting Standards), which is based on Intern...
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ICAI |
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ICAI announces Virtual MCS Course who wish to apply for Membership
Posted Date : 30-Apr-2019 , 09:19:33 am | Posted By CASANSAAR
The candidates who have qualified CA Final exam w.e.f. November 2002 onwards till 2018 but had not applied for Membership of the Institute due to non completion of GMCS (Course) /Management and Communication Skills Course (MCS Course) can undergo Management and Communication Skills (MCS Course) thro...
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NFRA, ICAI spar over probe into Auditors’ role in IL&FS case
Posted Date : 27-Apr-2019 , 09:12:09 am | Posted By CASANSAAR
The question on who should investigate the role of auditors EY, Deloitte and KPMG in the IL&FS fiasco seems to have triggered a turf war between two regulators — Institute of Chartered Accountants of India, and National Financial Reporting Authority (NFRA).
NFRA, the recently form...
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New accounting standard for leases to improve quality of financial info - ICAI
Posted Date : 02-Apr-2019 , 09:33:29 am | Posted By CASANSAAR
The new accounting standard for leases will bring substantial visibility of companies’ lease commitments and improve the quality of financial information about companies, chartered accountants’ body Institute of Chartered Accountants of India (ICAI) said on Monday.
Ind AS 116, which s...
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UDIN Being Made Mandatory in 2nd Phase for GST & Tax Audit Reports - ICAI
Posted Date : 14-Mar-2019 , 05:43:22 pm | Posted By CASANSAAR
UDIN BEING MADE MANDATORY IN 2nd PHASE FOR GST & TAX AUDIT REPORTS
You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018 in the following phases:
All Certifi...
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Govt approves renewl of the MoU between ICAI and ICAEW
Posted Date : 08-Mar-2019 , 08:21:03 am | Posted By CASANSAAR
The government Thursday gave approval to the pact between the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England & Wales (ICAEW).
The Union Cabinet, chaired by Prime Minister Narendra Modi, gave ex-post facto approval of the memorandum of ...
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ICAI withdraws announcement on Auditor rotation after govt directive
Posted Date : 16-Feb-2019 , 08:36:36 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI on Friday withdrew an announcement regarding applicability of rotation of auditors at companies, following a directive from the corporate affairs ministry.
In a rare instance, the ministry told the Institute of Chartered Accountants of India (ICAI) ...
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ICAI to train 1 lakh students on GST accounting
Posted Date : 15-Feb-2019 , 10:02:22 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) will be launching a course in Goods and Services Tax (GST) accounting in a about a month from now.
“We are in discussions with Government and modalities are being worked out,” Amit Anand Apte, President, ICAI told newspersons here on T...
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New President & Vice-President of ICAI for the year 2019-20
Posted Date : 12-Feb-2019 , 08:21:43 pm | Posted By CASANSAAR
CA. Prafulla P. Chhajed
President, ICAI
CA. Atul Kumar Gupta
Vice-President, ICAI
Many Many Congratulations to the Elected President & Vice President of ICAI for the year 2019-20....
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ICAI Accounting Research Foundation to oversee reopening of IL&FS books
Posted Date : 12-Feb-2019 , 09:17:51 am | Posted By CASANSAAR
The ICAI Accounting Research Foundation (ICAI ARF) will oversee the process of reopening the books of crisis-hit IL&FS.
The board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) was taken over by the corporate affairs ministry last year after many group entities ...
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UDIN mandatory wef 1st Feb., 2019 for all Certificates - ICAI
Posted Date : 25-Jan-2019 , 11:06:59 am | Posted By CASANSAAR
ANNOUNCEMENT
UDIN mandatory wef 1st Feb., 2019 for all Certificates
It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints ...
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Revised Procedure for providing inspection/certified copies of evaluated answer-books to the concerned examinees - ICAI
Posted Date : 25-Jan-2019 , 11:05:45 am | Posted By CASANSAAR
An examinee may apply seeking inspection/certified copies of answer books, within 30 days from the date of declaration of respective result(s), with the applicable fee, online at http://icaiexam.icai.org and pay the applicable fee online. There is no provision for submission of such requests with la...
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ICAI signs MoU with ICPA of Kenya
Posted Date : 23-Jan-2019 , 08:58:03 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019. Signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to id...
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ICAI |
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ICAI clarifies rumours on postponement of May 2019 CA Examinations
Posted Date : 17-Jan-2019 , 09:07:01 am | Posted By CASANSAAR
16th January, 2019
IMPORTANT ANNOUNCEMENT
REG: May 2019 CA Examinations
It has been brought to our notice that the probable date of commencement of May 2019 CA examinations and the time table there on are doing the rounds in the social media.
It is hereby clarified that the timetable i...
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ICAI |
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ICAI reports slams statutory auditors of IL&FS
Posted Date : 05-Jan-2019 , 09:38:35 am | Posted By CASANSAAR
A preliminary report of the Institute of Chartered Accountants of India (ICAI) has said that the statutory auditors of IL&FS did not carry out their functions in a proper manner, highlighting a number of negligences on their part.
Being a regulatory body of auditors, the ICAI’s prelimin...
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ICAI Election effects - Disciplinary Proceedings against IL&FS Auditors postponed
Posted Date : 28-Dec-2018 , 10:00:52 am | Posted By CASANSAAR
The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of beleaguered IL&FS Group stands postponed.
The first hearing, which was scheduled to take place in Kolkata on Friday, has been postponed, sources close to the developments said. There is no i...
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ICAI defers Mandatory use of UDIN to Feb 2019
Posted Date : 27-Dec-2018 , 03:38:26 pm | Posted By CASANSAAR
ANNOUNCEMENT
UDIN - A way to authenticate document
As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had...
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ICAI and IIM Ahmedabad sign MoU for training of Chartered Accountants
Posted Date : 12-Dec-2018 , 08:51:39 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Indian Institute of Management, Ahmedabad for open-enrolment and customized training programs exclusively for Chartered Accountants.
The MoU is likely to benefit the Chartered Accountant...
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ICAI |
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ICAI accuses 3 top audit firms of professional misconduct for IL&FS crisis
Posted Date : 10-Dec-2018 , 08:59:17 am | Posted By CASANSAAR
The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden IL&FS Group - and two of its subsidiaries, IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd (IFIN), have been held “prima facie ...
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