ICAI penalises four for encouraging money laundering during demonetization
Posted Date : 05-Jun-2017 , 08:48:37 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India on Friday found four persons guilty of advising individuals for encouraging money laundering during the demonetisation drive.
In lieu of this, the ICAI facilitated a three-month suspension, along with a fine of Rs. one lakh each under the Chartered ...
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ICAI proposes joint audit for Private Banks
Posted Date : 05-Jun-2017 , 08:45:00 am | Posted By CASANSAAR
To enhance the quality of audit the Institute of Chartered Accountants of India (ICAI) has proposed an introduction of a new concept of joint audit in private banks to the Finance Ministry and the Reserve Bank of India.
This process follows questions over the auditors in an estimation of NPA&rsqu...
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Private banks under ICAI scanner for misreporting bad loans
Posted Date : 30-May-2017 , 10:47:45 am | Posted By CASANSAAR
The apex body of chartered accountants, the Institute of Chartered Accountants of India (ICAI), sought information from the Reserve Bank of India (RBI) regarding divergence in bad loan estimates by the top private sector banks, reports livemint.com.
The report said that the 2015-16 financial stat...
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ICAI asks auditors to ensure proper disclosure on junked notes
Posted Date : 07-May-2017 , 07:37:48 pm | Posted By CASANSAAR
Chartered accountants’ apex body ICAI has asked its members to ensure that companies have made adequate disclosures about transactions involving canceled notes post demonetisation till December 30, 2016. Companies are required to disclose details about transactions involving scrapped notes fro...
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Extension of last date for submission of Application Forms in respect of CPT June, 2017 Exams - ICAI
Posted Date : 02-May-2017 , 10:26:04 am | Posted By CASANSAAR
1st May, 2017
CPT is scheduled to be held on 18th June, 2017. Students who have registered for the Common Proficiency Course on or before 3rd April, 2017 and fulfill the eligibility requirements are eligible to apply for the exam.
The last date for submission of exam application forms ...
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ICAI finds 4 CAs guilty of Professional Misconduct
Posted Date : 28-Apr-2017 , 09:30:36 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said it has initiated disciplinary action against four of its members for "misconduct" with respect to offering advice on exchanging old currency notes for new ones.
As part of efforts to fight the black money menace as well as curb corrup...
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Marks for passing ISA (Assessment Test) reduced to 60%
Posted Date : 27-Apr-2017 , 10:29:48 am | Posted By CASANSAAR
25th April 2017 – Requirements for passing Information Systems Audit (Assessment Test)
It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India...
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Discontinuation of some of the Post Qualification Courses for Members - ICAI
Posted Date : 26-Apr-2017 , 09:48:35 am | Posted By CASANSAAR
The post qualification courses for members conducted by ICAI include the following:
Management Accountancy Course (MAC)
Tax Management Course (TMC)
Corporate Management Course (CMC) and
International Tax Laws and World Trade Organisation Course (ITL & WTO)
Examinations in respect of the a...
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Panel to review misconduct rules for accounting professionals
Posted Date : 21-Apr-2017 , 08:53:18 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has constituted a high-level committee to review disciplinary rules and regulations governing chartered accountants, company secretaries and cost accountants.
The six-member committee, chaired by retired IAS officer Meenakshi Datta Ghosh, has been tas...
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Request to provide/update PAN details to avoid blocking of e-filing account by the Income-tax Department - ICAI
Posted Date : 19-Apr-2017 , 04:46:34 pm | Posted By CASANSAAR
I. Members who have not shared their PAN with ICAI
It has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Department, will be blocked by the In...
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Action will be taken against erring members - ICAI on ED raids
Posted Date : 14-Apr-2017 , 09:06:13 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said disciplinary "proceedings" have been initiated against members allegedly involved in money laundering through dubious companies.
Asserting that the matter of such members would be dealt with seriously, the Institute of Chartered Accou...
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ICAI signs MoU with TCS iON
Posted Date : 31-Mar-2017 , 08:56:25 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) has signed an MoU with TCS iON for deploying the latter's digital content market place platform (Digital Hub) as a part of its digitisation drive.
The institute's digitisation efforts through the Digital Hub would provide students an...
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Canada (Toronto) Chapter of ICAI launched helpline for Members interested for getting CPA Canada membership
Posted Date : 10-Mar-2017 , 07:16:34 am | Posted By CASANSAAR
In continuation of our efforts to help our members acquire CPA designation, we are pleased to inform you that we have launched a helpline platform in this regard. We are very fortunate to have our members Dweep Mehta, Priyanka Baidya, Saoli Chakraborty (recent successfu...
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ICAI |
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ICAI to train 15 lakh traders in GST basics
Posted Date : 09-Mar-2017 , 09:01:36 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) plans to train 15 lakh traders across the country over the next one year in GST basics, according to CMA Manas KR Thakur, National President.
Addressing a press conference here, he said, “We were among several other professional bodies who h...
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Guidance Note on Audit of Banks 2017 edition issued by AASB - ICAI
Posted Date : 01-Mar-2017 , 08:04:02 am | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition. For the benefit of the members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at the following links:
Guidance Note on Audi...
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ICAI |
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ICAI may Temporarily Suspend erring members
Posted Date : 15-Feb-2017 , 08:47:10 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is toying with the idea of introducing the concept of “temporary suspension” of erring members as part of broader improvement of its disciplinary mechanism of the audit profession, said Nilesh Vikamsey, newly elected President.
&l...
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Increase in Entrance, Annual Membership, COP & Restoration Fee - ICAI
Posted Date : 14-Feb-2017 , 07:45:30 am | Posted By CASANSAAR
[TO BE PUBLISHED IN PART III, SECTION 4 OF THE GAZETTE OF INDIA,
EXTRAORDINARY DATED, 9TH FEBRUARY, 2017]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
New Delhi, the 9th February, 2017
NOTIFICATION
No.1-CA(7)/179/2017:- In exercise of the powers conferred under sub-secti...
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Newly Elected President & Vice-President of ICAI
Posted Date : 12-Feb-2017 , 10:11:01 pm | Posted By CASANSAAR
New President & Vice-President of ICAI
CA Nilesh S Vikamsey & CA Naveen ND Gupta elected as President & Vice President of ICAI for the F.Y. 2017 - 18.
Many Many Congrats from the team of CASANSAAR.
CA.Vivek Khurana (Founder - CASANSAAR) Wi...
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ICAI plans representation before govt over penalty proposal
Posted Date : 09-Feb-2017 , 08:05:38 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI will approach the government amid concerns over certain proposals under which action can be taken against members for certain violations.
The Council of the Institute of Chartered Accountants of India (ICAI) has discussed the issues.
"There ...
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Branch Vice Chairman will be the Chairman for the next following year - ICAI
Posted Date : 06-Feb-2017 , 09:14:37 am | Posted By CASANSAAR
ICAI have issued directions to the branches that Vice Chairman of the branch will be the Chairman of the Branch for the next following year
Elevation of Vice Chairman of the Branch as the Chairman in the following year unless two-third of the members present vote to the contrary.
The Managing ...
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Revision of fee for General Management and Communication Skills (GMCS) 15 days (90 hrs) - ICAI
Posted Date : 30-Jan-2017 , 01:36:06 pm | Posted By CASANSAAR
You may be aware that the present fee of Rs.5500/- for General Management and Communication Skills Course was fixed way back in 2013 and has not undergone any revision during the last four years.
Considering the above, the Council has decided to revise the fee for the course on General Mana...
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ICAI Commerce Wizard 2016 for Students on January 8, 2017
Posted Date : 23-Dec-2016 , 09:06:02 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will conduct a talent search examination in Commerce, ‘ICAI Commerce Wizard 2016’ for students of Classes 9 to 12 on January 8, 2017.
There are two levels of the exam in which the candidate can take the level 1 of the test online ...
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ICAI Code of Conduct for elected, Co-opted and Nominated Representatives
Posted Date : 23-Dec-2016 , 08:32:02 am | Posted By CASANSAAR
No. ICAI /ESB/2016/02
Announcement
In pursuance of the decision taken at the 356th Meeting of Council held on 29th June - 1st July, 2016, the ICAI Code of Conduct for elected, Co-opted and Nominated Representatives has been issued.
This Code applies to elected and nominated members to the...
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Make Banks Board Bureau or RBI selector of bank auditors - ICAI to Govt
Posted Date : 20-Dec-2016 , 08:23:44 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has asked the government to put in place a more transparent process in selecting auditors in banks, saying its demand is particularly relevant in the context of high probability of frauds in the lending institutions in the aftermath of demonetis...
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Cabinet approves renewal of MoU between ICAI and CBFS Oman
Posted Date : 15-Dec-2016 , 08:07:03 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday gave its ex-post facto approval of the MoUs signed in 2008 and 2011 and the renewal of MoU between the Institute of Chartered Accountants of India (ICAI) and College of Banking and Financial Studies (CBFS), Oman.
The MoU w...
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Parl panel not in favour of new independent regulator NFRA
Posted Date : 14-Dec-2016 , 09:26:09 am | Posted By CASANSAAR
The CA Institute has cause for cheer with the Veerappa Moily headed Standing Committee on Finance recommending that it was not in favour of establishing a separate regulator--independent of audit profession--for auditors.
This stance of the Parliamentary Panel is being widely read as its veto for...
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ICAI issues advisory for members over demonetisation
Posted Date : 10-Dec-2016 , 08:14:33 am | Posted By CASANSAAR
December 9, 2016
ANNOUNCEMENT
For attention of Members
Demonetisation Policy announced by Government of India- An Advisory for Members
As you may be aware, the ICAI has always been supportive of the bold initiatives taken by the Government in strengthening the economic growth of ...
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ICAI will take strict action against those putting the profession to shame
Posted Date : 09-Dec-2016 , 08:26:50 am | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) vice-president Nilesh S Vikamsey on Thursday said the institute will take strict action against those 'putting the profession to shame'.
His statement came in the backdrop of post-demonetisation crackdown by income tax department and enfo...
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Paperless ICAI - Online submission of ICAI Forms
Posted Date : 08-Dec-2016 , 12:40:21 pm | Posted By CASANSAAR
In the series of regulatory forms - Form 6, Form 9, Form 101, Form 103 and Form 117 are currently available in the above links for ease of access of ICAI and its stakeholders. Members can authenticate and submit forms in online and offline mode using Digital Signature.
Form 6 (Certificate of Prac...
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ISA-AT application forms date extended upto 10th Dec. 2016 - ICAI
Posted Date : 05-Dec-2016 , 09:42:46 pm | Posted By CASANSAAR
5th December 2016
Extension of last date for submission of application forms for Information Systems Audit-Assessment Test (ISA-AT), upto 10th December 2016.
It has been decided that the last date for submission of application forms for ISA-AT scheduled to be held on 24th December 2016 has b...
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