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....
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1310
|
 |
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1841
|
|
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 ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2443
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1127
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 711
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 746
|
|
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....
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 996
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1022
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 3268
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 654
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1291
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 428
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 794
|
|
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 ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1261
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3006
|
|
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 ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1427
|
|
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...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 946
|
|
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 ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1294
|
|
Application Form for the Information Systems Audit (ISA) Assessment Test - Dec, 2017
Posted Date : 23-Nov-2017 , 10:04:16 am | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2017 [Last Date - 6th December, 2017] - ICAI
Online Application Form
Hard Copy Application Form
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 827
|
|
ICAI seeks post graduation status for CA qualification
Posted Date : 10-Oct-2017 , 09:04:29 am | Posted By CASANSAAR
Chartered accountants’ apex body the Institute of Chartered Accountants of India (ICAI) on Monday said it has sought post graduation degree status for CA qualification.
Besides, the CA intermediate programme should be accorded the graduation degree status, the grouping said in a release on ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2968
|
|
Take action against foreign accounting firms violating law - SC
Posted Date : 10-Oct-2017 , 08:46:31 am | Posted By CASANSAAR
The Supreme Court asked the government to take action against those foreign accounting firms which are operating in India and found violating the law in any manner.
A bench, comprising Justices A K Goel and U U Lalit, was informed by the Centre that they were taking action against the firms...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1099
|
|
ICAI should have powers to penalise audit firms - SEBI
Posted Date : 09-Oct-2017 , 08:18:58 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI should have powers to punish audit firms and impose a fine of up to Rs 1 crore on erring auditors, according to the suggestions made by a Sebi panel on corporate governance.
At present, the Institute of Chartered Accountants of India (ICAI) can only impos...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1201
|
|
Double taxation happening under GST - ICAI
Posted Date : 06-Oct-2017 , 08:21:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has submitted suggestions to remove the instances of double taxation under goods and services tax (GST).
It claimed that provisions of reverse charge mechanism (RCM) and composition scheme are leading to cascading of taxes. Under GST, i...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2014
|
|
ICAI president Nilesh Vikamsey's daughter found dead in Mumbai
Posted Date : 05-Oct-2017 , 10:35:36 am | Posted By CASANSAAR
The Institute of Chartered Account of India (ICAI) president Nilesh Vikamsey’s daughter, who went missing on Wednesday, was found dead under mysterious cicrumstances in Mumbai on Thursday.
Mumbai Police said the deceased has been identified as Pallavi Vikamsey, 21-year-old.
Pallavi was m...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 7947
|
|
Check Online ICAI Membership Fees Payment Status
Posted Date : 17-Sep-2017 , 10:15:12 pm | Posted By CASANSAAR
Last Date for payment of Membership fees for the year 2017-18 are 30th September 2017. Following is the link where you can check whether your fees are paid or still pending
http://112.133.194.253/reprintletter/memberp.aspx
Please pay Membership and COP fee before 30th September, ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 6439
|
|
ICAI Convocation - 2017-18
Posted Date : 21-Aug-2017 , 09:06:37 am | Posted By CASANSAAR
In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organizes Convocations for distributing certificates to the newly qualified members. In fact, this is an occasion to mark th...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1739
|
|
ICAI directed to address govt units' complaints quickly
Posted Date : 06-Aug-2017 , 03:10:03 pm | Posted By CASANSAAR
Chartered accountants' apex body ICAI has been directed to resolve complaints from government organisations in a "time-bound manner", union minister Arjun Ram Meghwal said today.
The minister of state for corporate affairs informed the Lok Sabha that in the last five years, th...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 731
|
|
Govt keen to set up NFRA, to regulate Audit quality
Posted Date : 31-Jul-2017 , 08:20:51 am | Posted By CASANSAAR
If you thought that the Modi government had abandoned plans to set up National Financial Reporting Authority (NFRA) to regulate audit quality, think again.
The Centre is clearly inclined to go ahead and set up NFRA going by the latest amendment moved to the company law on Thursday last, say econo...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 626
|
|
ICAI to brainstorm on July 24 after PM’s criticism
Posted Date : 24-Jul-2017 , 08:07:07 am | Posted By CASANSAAR
Taking Prime Minister Narendra Modi’s tough talk in right earnest, ICAI will on Monday discuss the way forward on crucial issues, including improving the disciplinary mechanism and steps needed to create a ‘Big Four’ network out of India.
On July 1, while addressing a gathering ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1953
|
|
Cost Accountants give undertaking to HC on use of ICAI acronym
Posted Date : 16-Jul-2017 , 08:37:32 pm | Posted By CASANSAAR
The Institute of Cost Accountants of India has given an undertaking to the Madras High Court that it will consider changing its acronym from 'ICAI' to 'ICOAI', and submit the compliance report before it on August 21 after a meeting of the body next month.
When a petition by V Venk...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1265
|
|
|
