Cabinet approves MoU between ICAI and ICPAK
Posted Date : 27-Sep-2018 , 07:53:28 am | Posted By CASANSAAR
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the Institute of Certified Public Accountants of Kenya (ICPAK). It will he...
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Unique Document Identification Number (UDIN) will be mandatory wef 1st January, 2019
Posted Date : 26-Sep-2018 , 09:26:15 pm | Posted By CASANSAAR
It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. ICAI is also receiving number of complaints of forged signatures. To curb the malpractices, the Professional Development Commit...
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Suggestions/feedback on evaluation of examination answer books system - ICAI
Posted Date : 16-Sep-2018 , 09:49:31 am | Posted By CASANSAAR
Announcement
15th September, 2018
Sub: Suggestions/feedback on evaluation of examination answer books system.
The Group formed to review the evaluation of examination answer book system invites Suggestion/ Feedback of the CA students on the evaluation of examination answer books system th...
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ICAI |
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ICAI may review rules to stop Auditor exits
Posted Date : 01-Sep-2018 , 08:20:32 am | Posted By CASANSAAR
The central government is considering a review of auditing standards to plug loopholes in the wake of the recent spate of resignation by auditors, many of them exiting listed firms abruptly or ahead of quarterly results.
Auditors in as many as 204 listed companies have resigned between January 1 ...
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Open book exam in the elective subjects of Paper 6 of Final (New) course
Posted Date : 03-Aug-2018 , 05:11:07 pm | Posted By CASANSAAR
ICAI had introduced elective subjects in Paper 6 in the CA Final (New) course exam from May 2018 exam and onwards, which is being held on open book methodology.
In this regard, it is hereby clarified that it has been decided as follows in respect of Paper 6 Electives- of Final (New) course exam:
...
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Report on Audit Quality Review (2017-18) of the Quality Review Board
Posted Date : 02-Aug-2018 , 11:22:40 am | Posted By CASANSAAR
Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the Chartered Accountants Act, 1949:-
a) to make recommendations to the...
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ICAI |
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ICAI Clarify regarding date of declaration of results of CA Intermediate exam
Posted Date : 26-Jul-2018 , 09:04:16 am | Posted By CASANSAAR
Clarification regarding date of declaration of results of CA Intermediate exam.
It has been brought to our notice that a fake announcement regarding the date of declaration of result of the Intermediate examination held in May 2018 is doing the rounds in the social media.
It is hereby clarifie...
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ICAI |
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Cabinet approves ICAI's pacts with NBAA, BIBF
Posted Date : 18-Jul-2018 , 11:07:41 pm | Posted By CASANSAAR
The government today gave its approval to the Institute of Chartered Accountants of India's pacts with Tanzania's National Board of Accountants and Auditors (NBAA) and Bahrain Institute of Banking and Finance (BIBF), according to separate official statements.
The Union Cabinet, chaired by...
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ICAI introduces UDIN for Documents Certified / Attested by CAs
Posted Date : 09-Jul-2018 , 03:19:45 pm | Posted By CASANSAAR
Unique Documents Identification Number (UDIN) is a unique number which is to be generated for every document certified / attested by practicing chartered accountants and will be registered with UDIN portal with effect from 1st July, 2018.
UDIN aims to address the concern of documents / certificat...
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ICAI |
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Set up central agency to evaluate big loan proposals - ICAI
Posted Date : 09-Jul-2018 , 08:22:51 am | Posted By CASANSAAR
Cost accountants' apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval.
The suggestion comes at a time when the country's banking system is grappling with ...
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ICAI |
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Cabinet approves renewal of MoU between ICAI & Saudi Organisation for CPAS
Posted Date : 05-Jul-2018 , 09:08:03 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) signed in 2014 and approval for renewal of MoU between the Institute of Chartered Accountants of India (ICAI) & Saudi Organisation for Certi...
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President of India Inaugurates the Platinum Jubilee Celebrations of ICAI
Posted Date : 02-Jul-2018 , 07:54:20 am | Posted By CASANSAAR
The President of India, Shri Ram Nath Kovind, inaugurated the platinum jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today (July 1, 2018).
Speaking on the occasion, the President said that adherence to a fair taxation system is much ...
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ICAI |
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Pattern of Assessment from May 2019 Examination - ICAI
Posted Date : 25-Jun-2018 , 10:36:05 pm | Posted By CASANSAAR
Students appearing in the Intermediate and Final Examinations may please note that beginning from May, 2019 attempt, assessment in the following subjects would be partially based on objective type questions:
Intermediate Level
Final Level
Paper
Subject
Paper
...
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ICAI |
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ICAI Valuation Standard effective for Valuation Reports issued on or after 1st July, 2018.
Posted Date : 10-Jun-2018 , 08:17:55 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) issues Valuation Standards as a benchmark for Valuation Practices applicable for Chartered Accountants
Recognising the need to have the consistent, uniform and transparent valuation policies and harmonise the diverse practices in use in...
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ICAI, SAICA sign pact to facilitate professionals movement
Posted Date : 06-Jun-2018 , 09:39:36 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed a pact with its South African counterpart to establish a framework for making recognition of their members easier and promote mobility of professionals between the countries.
The mutual recognition agreement (MRA) signed between th...
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Online Facility for members to update Email ID, Mobile & Address - ICAI
Posted Date : 06-Jun-2018 , 09:03:49 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India is always committed to bring technological advancements in various processes of the Institute to better serve the members, students and other stakeholders. In this regard, ICAI has recently launched two online services for the benefit and ease of use o...
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ICAI issues valuation standards for members
Posted Date : 26-May-2018 , 10:15:08 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI has issued a framework for consistent, uniform and transparent valuation practices for its members. The Institute of Chartered Accountants of India (ICAI), in a release, said that it has issued valuation standards as a benchmark for valuation practices appli...
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Application Form for the ISA Assessment Test June, 2018 - ICAI
Posted Date : 24-May-2018 , 08:52:26 am | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2018
Online Application Form
Hard Copy Application Form
...
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ICAI Invites Applications from Highly Competent Candidates for the Position of SECRETARY
Posted Date : 15-May-2018 , 10:38:54 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is a statutory body established for regulation of the profession of Chartered Accountants in India. ICAI, the second largest accounting body in the world is looking for a high profile and multi-faceted personality with proven leadership qualitie...
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ICAI sends notices to Big Four, other MNC auditors
Posted Date : 12-May-2018 , 09:33:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has issued notices to Indian arms of multinational auditing firms including Deloitte, PricewaterhouseCoopers, EY, KPMG, Grant Thornton and BDO, seeking details of corporate structures, investments and revenue.
The body is investigating ...
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ICAI members can have membership of CA Australia & New Zealand
Posted Date : 08-May-2018 , 11:55:53 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said it has entered into an arrangement with Chartered Accountants Australia & New Zealand whereby its members based in the two countries would be able to have membership of CA ANZ.
The Institute of Chartered Accountants of India (ICAI) has ente...
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Cabinet approves Mutual Recognition Agreement between ICAI and SAICA
Posted Date : 03-May-2018 , 09:32:56 am | Posted By CASANSAAR
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has has approved the Mutual Recognition Agreement between the Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA).
Details:
Approval...
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ICAI |
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ICAI panel to look at rules for Multinational Audit Firms
Posted Date : 12-Apr-2018 , 08:29:07 am | Posted By CASANSAAR
A recent Supreme Court order has prompted the Institute of Chartered Accountants of India (ICAI) to set up a nine-member committee to examine the legal framework for the entry and exit of multinational audit firms in the country.
ICAI vice-president Prafulla P Chhajed has been appointed as the co...
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ICAI |
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ICAI Reconstitute Group for Review of Examination, Evaluation & Testing
Posted Date : 03-Apr-2018 , 02:17:11 pm | Posted By CASANSAAR
The President, in terms of the authority given to him by the Council at its 373rd meeting held on 12th February, 2018, has also nominated CA. Anil S. Bhandari, as member of the said Group.
Accordingly, the revised composition of the said Group will be as under:-
CA. Manu Agrawal, Convenor
CA....
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Stringent Action Against Adoption of Unfair Means - ICAI
Posted Date : 15-Mar-2018 , 09:46:31 pm | Posted By CASANSAAR
Cases of adoption/attempt to adopt unfair means are reported in respect of the examinations held every time. In respect of the Examinations held in November 2017, over 90 cases of infringement/ violation of Instructions to Examinees, which tantamounts to adoption of unfair means, were reported. The ...
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ICAI issues advisory regarding Allocation of Work among the Joint Auditors in case of Bank Audits
Posted Date : 08-Mar-2018 , 08:25:34 am | Posted By CASANSAAR
Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits
1 As you are aware that ICAI has issued Standard on Auditing (SA) 299, “Responsibility of Joint Auditors”. Regarding allocation of work among the joint auditors, SA ...
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Not prudent to draw any conclusion against CAs and profession before anything gets established - ICAI
Posted Date : 28-Feb-2018 , 10:14:55 am | Posted By CASANSAAR
Press Release issued by ICAI
ICAI, robust regulator of accounting and auditing profession in India, committed to conclude the disciplinary process against those found involved in the PNB scam
ICAI is an autonomous regulator of accounting profession created by Chartered Accountants Act, 1949....
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ICAI plans to review accounts of all companies with over Rs 2K Cr loans
Posted Date : 23-Feb-2018 , 10:31:40 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) on Thursday said that it has written to Reserve Bank of India seeking a list of corporate borrowers of public sector banks with over Rs 2,000 crore loan outstanding so that their accounts can be examined by Financial Reporting Review Board for a...
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ICAI issues show-cause notices to PNB, Gitanjali Gems Auditors
Posted Date : 23-Feb-2018 , 10:22:48 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said it has issued show-cause notices to the auditors of Punjab National Bank and Gitanjali Gems in connection with the Rs 11,400 crore fraud at the public sector lender.
Besides, the institute has summoned a deputy general manager of the bank ...
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ICAI to look at Auditors' role, sets up panel to study systemic issues
Posted Date : 17-Feb-2018 , 07:42:45 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI on Friday said it has taken suo motu cognisance of the $1.77 billion fraud at PNB and has sought information from investigation agencies besides setting up a group to study the system issues arising out of the incident.
The Institute of Chartered Accounta...
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