Pass Percentage of CA IPC May 2016 Exams
Posted Date : 02-Aug-2016 , 02:20:51 pm | Posted By CASANSAAR
CA IPC May 2016 Exams Result has been announced by ICAI.
The Detail of percentage of candidates passed in the above said examinations are given below.
Candidates Applied For
No. Of Candidates Appeared
No. Of Candidates Passed
% Of Pass
I
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ICAI |
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ICAI President asks CA firms to undergo peer review
Posted Date : 20-Jul-2016 , 08:47:47 am | Posted By CASANSAAR
M Devaraja Reddy, president of the Institute of Chartered Accountants of India, has called upon CA firms to undergo peer review by ICAI to improve their competence.
The peer reviewed CA firms would get more professional opportunities than other firms, he said while inaugurating the su...
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ICAI |
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0 | Hits : 1600
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Narendra Modi Govt to strip ICAI, ICSI, MCI of Powers
Posted Date : 15-Jul-2016 , 08:33:00 am | Posted By CASANSAAR
The government is planning a comprehensive overhaul of certain watchdogs — which are simultaneously acting as the representative bodies of important professional services — by stripping them of their regulatory powers, as it seeks to remove any conflict of interests in their respective r...
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ICAI |
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0 | Hits : 5832
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I Go Green With ICAI
Posted Date : 12-Jul-2016 , 07:36:37 am | Posted By CASANSAAR
As you may be aware, more than 275,000 copies of The Chartered Accountant journal are printed monthly providing useful knowledge to readers. However, printing such a huge quantity requires tons of paper and subsequently becomes a real drain on our trees. The extent of its implication on our environm...
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ICAI |
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1 | Hits : 1892
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SC seeks status report from ICAI over allegations of FDI violations by Audit firms
Posted Date : 05-Jul-2016 , 08:41:40 am | Posted By CASANSAAR
The Supreme Court on Monday directed the Institute of Chartered Accountants of India (ICAI) to submit a status report on the progress made in the probe into allegations of FDI violations and malpractices by UK-based audit firm, PricewaterhouseCoopers Pvt. Ltd (PwC).
A bench headed by Justice J....
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ICAI |
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0 | Hits : 1947
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TDB not to permit ICAI seminar at Sabarimala
Posted Date : 04-Jul-2016 , 10:11:32 pm | Posted By CASANSAAR
Travancore Devaswom Board president Prayar Gopalakrishnan on Saturday said there was no question of permitting any organisation to conduct programmes other than devotional at Sabarimala.
The TDB chief was responding to Saturday’s report in The Hindu about a three-day residential s...
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ICAI |
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0 | Hits : 797
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Advisory for Members & Students of ICAI in respect of a fake website - ICAI
Posted Date : 21-Jun-2016 , 12:56:28 pm | Posted By CASANSAAR
Kind Attention: All Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large
This is to inform to all Members and Students of ICAI and public at large that a website namely, icai-org.in and icairesults.info, has been created, which is deceptively similar to ...
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ICAI |
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0 | Hits : 1456
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ICAI urges Govt to Introduce double entry accounts system
Posted Date : 20-Jun-2016 , 07:35:22 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has sought the Union government to use double entry accounts system in all its departments, being used across all nations barring India.
The government continues using single entry accounts system.
The ICAI said it will soon approa...
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ICAI |
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0 | Hits : 1583
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Dispensation of GMCS-I by merging its syllabus with Orientation Course for 15 days - ICAI
Posted Date : 15-Jun-2016 , 08:26:06 am | Posted By CASANSAAR
The Council has decided to dispense with the General Management and Communication Skills (GMCS) – I Course and merge its syllabus with Orientation Programme. Hence forthwith, it will be known as Orientation Course. Accordingly, it has been decided to conduct an Orientation Course with a durati...
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ICAI |
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0 | Hits : 1828
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Coaching Classes Income of ICAI is exempt u/s 11
Posted Date : 07-Jun-2016 , 08:16:37 am | Posted By CASANSAAR
In this case Assessing Officer has observed that the assessee is established by the Act of Parliament of ICAI Act of 1949 and the assessee comes under the Ministry of Corporate Affairs. The assessee is registered u/s. 12A of the Income Tax Act, 1961 (hereinafter referred the Act) and has been claimi...
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ICAI |
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0 | Hits : 1861
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New / Revised Standards on Auditing - ICAI
Posted Date : 18-May-2016 , 07:14:55 am | Posted By CASANSAAR
Revised SA 700, Forming an Opinion and Reporting on Financial Statements.
New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report.
Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report.
Revised SA 706,...
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ICAI |
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0 | Hits : 1250
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Examiners shall appoint Checkers - ICAI
Posted Date : 13-May-2016 , 08:36:21 am | Posted By CASANSAAR
May 12, 2016
The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to the cover page of the answer books and that the totalling ...
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ICAI |
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13 | Hits : 5254
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CSR expenses need to be treated as non-cost items: ICAI
Posted Date : 13-May-2016 , 07:12:28 am | Posted By CASANSAAR
Companies need to treat expenses related to CSR activities as non-cost items and separately disclose transactions in this regard where related parties are involved, according to cost accountants' apex body ICAI.
In a detailed exposure draft of guidance note on 'Treatment of Costs Relating...
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ICAI |
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0 | Hits : 1072
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ICAI committee to decide on Number of VP, Council Term & Restriction of 3 terms
Posted Date : 13-May-2016 , 06:46:35 am | Posted By CASANSAAR
Council Affairs/M-626/2016 ...
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ICAI |
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0 | Hits : 1152
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Govt forms tribunal to look into election disputes of ICAI
Posted Date : 10-May-2016 , 09:21:23 am | Posted By CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 4th May, 2016
S.O. 1634(E).—In exercise of the powers conferred by sub-section (1) of section 10B of the Chartered Accountants Act, 1949 (38 of 1949) and in pursuance of rule 3 of the Chartered Accountants (Election Tri...
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ICAI |
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4 | Hits : 2125
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ICAI reviews financial statements of Vijay Mallya group firms
Posted Date : 05-May-2016 , 08:46:37 pm | Posted By CASANSAAR
Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of violations.
The move also comes against the backdrop of the embattled Mallya facing a case of loan...
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ICAI |
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1 | Hits : 1070
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Guidance Note on the Companies (Auditor's Report) Order, 2016 - ICAI
Posted Date : 25-Apr-2016 , 08:01:53 am | Posted By CASANSAAR
Guidance Note on the Companies (Auditor's Report) Order, 2016 issued by Auditing and Assurance Standards Board - ICAI.
The Ministry of Corporate Affairs has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods...
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ICAI |
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0 | Hits : 2090
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Invitation to Associate in Development of the Study/Background Material - ICAI
Posted Date : 23-Apr-2016 , 08:16:57 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Indian Parliament namely, Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountancy in the Country.
The Committee on Economic, Commercial Laws & WTO, non-stan...
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ICAI |
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0 | Hits : 997
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Members / Firms to furnish PAN details to ICAI
Posted Date : 14-Apr-2016 , 09:07:46 am | Posted By CASANSAAR
For ICAI MEMBERS
Update your PAN details with ICAI. Otherwise unable to upload TAR & MCA forms online. ICAI had already requested the Members / Firms to submit the PAN details to their concerned Regional office on or before 15th December, 2015, If you have not submitted the ...
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ICAI |
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1 | Hits : 12372
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Announcement for conducting ISA-Eligibility & Assessment Test under both Old & New Syllabus for two more attempts - ICAI
Posted Date : 08-Apr-2016 , 08:01:17 am | Posted By CASANSAAR
The Committee on Information Technology at its 73rd Meeting held on 9th March, 2016 decided to continue to hold the ISA Eligibility Test under old Syllabus for two more attempts i.e. May, 2016 and November, 2016. Hence the ISA Eligibility Test will be held under both old and New Syllabus in May, 201...
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ICAI |
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0 | Hits : 1266
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ICAI Constitutes Expert Panel for Addressing Bank Branch Audit Queries for FY 2015-16
Posted Date : 06-Apr-2016 , 08:22:23 am | Posted By CASANSAAR
Dear Members,
The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members...
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ICAI |
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0 | Hits : 1966
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Country has Rs 10 lakh crore NPAs - Past President ICAI
Posted Date : 04-Apr-2016 , 08:25:43 am | Posted By CASANSAAR
The growing non-performing assets in banks are a matter of great concern. Even the Union government is projecting NPAs at Rs 3.80 lakh crore, in reality it is not less than Rs 10 lakh crore, said Past President ICAI Amarjeet Chopra while speaking at a Bank audit seminar here on Friday at ICAI audito...
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ICAI |
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0 | Hits : 1600
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ICAI would abolish CPT Exam for CA aspirants & reinstate Foundation course
Posted Date : 26-Mar-2016 , 07:39:24 am | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) would abolish common proficiency test (CPT) examination for CA aspirants and reinstate the Foundation course instead from November this year.
“From November onwards the CPT examination route will be scrapped as the Ministry of Corporate A...
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ICAI |
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0 | Hits : 2672
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ICAI issued notice to Kingfisher Airlines' Auditors
Posted Date : 16-Mar-2016 , 08:29:41 am | Posted By CASANSAAR
Institute of Chartered Accountants of India has set up a financial review board to look into the alleged financial irregularities at United Spirits, UB group and Kingfisher Airlinesin the past few years.
The institute has also issued notices to the auditors of United Spirits, UB gr...
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ICAI |
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1 | Hits : 4692
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ICAI invites suggestions on tax proposals of Union Budget 2016-17
Posted Date : 01-Mar-2016 , 07:06:37 pm | Posted By CASANSAAR
The Direct Taxes Committee, Indirect Taxes Committee and Committee on International Taxation invite suggestions on the tax proposals of the Finance Bill, 2016 for consideration and inclusion of the same in the Post Budget Memoranda to be submitted to the Ministry of Finance. Please submit your valua...
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ICAI |
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0 | Hits : 971
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Banks selecting own auditors reason behind rising NPAs - ICAI
Posted Date : 19-Feb-2016 , 08:58:34 am | Posted By CASANSAAR
Amid worsening bad loans scenario at the lenders, Institute of Chartered Accountants of India (ICAI) on Wednesday blamed the current system of banks appointing its own auditors for the rising non performing assets.
The chartered accountants' apex body president M Devaraja Reddy, who assumed...
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ICAI |
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0 | Hits : 1927
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Review steps taken by cos to address frauds - ICAI to Auditors
Posted Date : 17-Feb-2016 , 08:32:11 am | Posted By CASANSAAR
Auditors need to review steps taken by companies to deal with suspected frauds worth Rs 1 crore or more that have already been reported and satisfy themselves that the matter has been appropriately addressed, according to chartered accountants' apex body ICAI.
The latest guidance from t...
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ICAI |
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0 | Hits : 2024
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New ICAI President wants panel for Bank Audit appointments
Posted Date : 15-Feb-2016 , 08:02:27 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is recommending a revamp of the auditor appointment system for banks, both for central statutory and branch-level audits, its new President, M Devaraja Reddy, said.
Reddy, who assumed office on Friday after emerging victorious in the institut...
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ICAI |
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0 | Hits : 3299
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Guidance Note on Audit of Banks released by Auditing and Assurance Standards Board - ICAI
Posted Date : 15-Feb-2016 , 08:00:27 am | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India (ICAI) has today issued the Guidance Note on Audit of Banks 2016 edition. For the benefit of members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at:
...
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ICAI |
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0 | Hits : 1226
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CA Devraja Reddy & CA Nilesh Vikamsey elected as President & Vice President of ICAI
Posted Date : 12-Feb-2016 , 04:05:26 pm | Posted By CASANSAAR
CASANSAAR Congratulate CA M. Devaraja Reddy & CA Nilesh Vikamsey for being elected as President & Vice President of ICAI.
...
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