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 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 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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ICAI to come out with concept paper on virtual currencies
Posted Date : 14-Feb-2018 , 09:40:33 pm | Posted By CASANSAAR
Chartered accountants' apex body ICAI is looking into various aspects of virtual currencies and will come out with a concept paper on the same, according to its president Naveen N D Gupta.
There are rising concerns about investments in virtual currencies such as bitcoins, which have see...
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ICAI seeks one more disciplinary committee Bench
Posted Date : 14-Feb-2018 , 09:29:11 am | Posted By CASANSAAR
ICAI has requested the government to give its nod for one more Bench of disciplinary committee to strengthen the disciplinary mechanism around the CA profession, said its newly elected President Naveen N.D. Gupta.
This proposed new Bench of disciplinary committee will be dedicated for “publ...
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Newly Elected President & Vice-President of ICAI for the year 2018-19
Posted Date : 13-Feb-2018 , 09:32:52 am | Posted By CASANSAAR
CA. Naveen N. D. Gupta elected as President, ICAI & CA. Prafulla Chhajed as Vice-President, ICAI for the year 2018-19.
Many Congrats from CASANSAAR
CA.Vivek Khurana (Founder - CASANSAAR) with newly elected President, ICAI & Vice President, ICAI....
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Don't worry about NAFRA - Corporate Affairs Minister
Posted Date : 07-Feb-2018 , 08:45:54 am | Posted By CASANSAAR
Union minister P P Chaudhary assured ICAI that they need not worry about the proposed National Financial Reporting Authority (NAFRA) but emphasised that there is a need to strengthen the existing system.
The Companies Act, 2013 provides for setting up of the NAFRA, which would look into accountin...
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ICAI concerned over individuals falsely claiming to be CAs
Posted Date : 06-Feb-2018 , 09:49:34 am | Posted By CASANSAAR
ICAI said there are fraudulent cases being reported wherein individuals are falsely claiming to be chartered accountants.
The Institute of Chartered Accountants of India's (ICAI's) statement comes against the backdrop of recent reports that the Income Tax Department had busted a racket wh...
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LTCG tax may make stock investments less attractive - ICAI
Posted Date : 02-Feb-2018 , 09:11:26 am | Posted By CASANSAAR
The removal of exemption of long term capital gains tax on transfer of shares might make investing in stock markets a less attractive option, according to chartered accountants apex body ICAI.
In the Budget 2018-19, presented in the Parliament, the government has decided to impose a 10 per cent t...
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Extension of Last Date of Payment of Membership Fees to 15th March, 2018 - ICAI
Posted Date : 01-Feb-2018 , 09:01:13 am | Posted By CASANSAAR
ANNOUNCEMENT
For attention of Members
The Council at its 371st meeting held from 18th to 20th December, 2017 and adjourned to/continued on 18th and 19th January, 2018 noted the difficulties faced by the members in payment of membership fee and certificate of practice fee for the year 2017-18...
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Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks - ICAI
Posted Date : 31-Jan-2018 , 09:12:14 am | Posted By CASANSAAR
FOR THE ATTENTION OF THE MEMBERS
Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks
The Auditing and Assurance Standards Board of ICAI is issuing the following revised formats of the statutory auditor’s report fo...
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ICAI to carry study on Bitcoin, Cryptocurrencies
Posted Date : 30-Jan-2018 , 08:44:32 am | Posted By CASANSAAR
In the wake of popularity of virtual currencies or cryptocurrency like Bitcoin, the government has sought Institute of Chartered Accountants of India (ICAI)'s opinion on the matter.
"Ministry of Corporate Affairs has sought our opinion on accounting standards and disclosures of cryptocur...
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Took action on members in Satyam case - ICAI
Posted Date : 13-Jan-2018 , 08:04:06 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) on Friday said that it has taken action against members in the Satyam case, however, it has "no powers" to take action against CA firms.
ICAI's statement comes days after market regulator Sebi barred Price Waterhouse Network of ...
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ICAI told to give monthly reports on CAs
Posted Date : 04-Jan-2018 , 08:32:34 am | Posted By CASANSAAR
The central government has asked the Institute of Chartered Accountants of India (ICAI) to submit monthly reports on disciplinary action taken against chartered accountants (CAs) involved with shell companies, said sources.
The task force of shell companies created in 2017 has directed the ICAI t...
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Make PAN mandatory for overseas package tours: ICAI to Govt
Posted Date : 01-Jan-2018 , 11:05:56 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has suggested the government to make PAN compulsory on air-ticket bookings for overseas package tours to bring high value transactions into the data system. In its pre-Budget memorandum with regards to direct taxes, the Chartered Accountants' apex ...
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ICAI wants CA course to be accorded PG status
Posted Date : 18-Dec-2017 , 07:31:13 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will approach the University Grants Commission to accord postgraduate degree status for Chartered Accountant (CA) qualification.
ICAI president Nilesh S. Vikamsey said here on Saturday that recognising the CA qualification as a postgraduate d...
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ICAI clarifies regarding reservations in CA course
Posted Date : 10-Dec-2017 , 07:50:18 pm | Posted By CASANSAAR
The Institute has come across certain messages that are being aired in social media that some persons have approached to the Court of Law seeking direction to the Institute for making provisions for reservation in the Chartered Accountancy course.
In this regard, it is hereby informed that ...
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