Manner of Signing of Certificates by Chartered Accountants - ICAI
Posted Date : 06-Feb-2016 , 07:34:03 am | Posted By CASANSAAR
The Council of the Institute of Chartered Accountants of India (ICAI), at its 349th meeting held on 17th and 18th January, 2016 considered an issue relating to manner of signing of certificates by Chartered Accountants. The Council noted that presently different practices were in vogue in respect of...
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Govt to push ahead with NFRA despite stiff resistance from ICAI
Posted Date : 04-Feb-2016 , 07:59:12 am | Posted By CASANSAAR
Discounting the stiff opposition of The Institute of Chartered Accountants of India (ICAI), a government panel has recommended the formation of a new regulatory authority, National Financial Reporting Authority (NFRA), as early as possible.
“Major economies of the world have already establi...
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Inviting Suggestions on the drafted Background Material of Certificate Course on Financial Markets and Securities Laws - ICAI
Posted Date : 03-Feb-2016 , 07:49:52 pm | Posted By CASANSAAR
Committee on Financial Markets and Investors Protection’ (CFMIP) of ICAI is launching a new Certificate Course on Financial Markets and Securities Laws. Committee has restructured the course curriculum and developed a drafted Background Material on Financial Markets and Securities Laws course....
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ICAI seeks Govt nod for completely revamped course curriculum
Posted Date : 31-Jan-2016 , 01:12:15 pm | Posted By CASANSAAR
Chartered accountants' body ICAI is awaiting an in-principle approval from the government for its "completely revamped" course curriculum that is in tune with current economic landscape.
The curriculum for the chartered accountants programme i...
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ICAI President's Message - February 2016
Posted Date : 29-Jan-2016 , 10:38:26 pm | Posted By CASANSAAR
Dear Friends,
I started my journey in the active service of profession in the year 1991 as an office bearer of Indore Branch of CIRC of ICAI. I am happy that after 24 years, the profession gave me the opportunity to serve as the 63rd President of the ICAI, in the year 2015. Earlier, I was e...
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Violations among auditors more of an EXCEPTION - ICAI President
Posted Date : 26-Jan-2016 , 09:13:24 pm | Posted By CASANSAAR
Instances of violations committed by auditors are more of an "exception" and strict action is initiated against those found flouting the norms, according to ICAI President Manoj Fadnis.
The Institute of Chartered Accountants of India (ICAI) has extensive powers to take action agai...
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Announcement regarding the Eligibility Requirement of ISA-AT Exam - ICAI
Posted Date : 22-Jan-2016 , 07:09:27 pm | Posted By CASANSAAR
The matter of eligibility requirement for the Information System Audit (ISA) Assessment Test was considered in the 349th Meeting of the Council held on 17th and 18th January 2016 and decided as under:-
1) It has been decided to withdraw the announcement dated 4th September 2015 of the Commi...
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ICAI plans e-hearing of disciplinary cases
Posted Date : 18-Jan-2016 , 07:53:37 am | Posted By CASANSAAR
To ensure faster disposal of cases as well as reduce overall costs, chartered accountants' apex body ICAI plans to conduct hearings of disciplinary proceedings through video conferencing.
The Institute of Chartered Accountants of India (ICAI) has sent the proposal for 'e-h...
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GET free of cost 10 unstructured CPE hours on a Self declaration for 2015
Posted Date : 15-Jan-2016 , 09:16:42 am | Posted By CASANSAAR
One can claim the CPE hours by filing a Self Declaration Form with the ICAI for the calendar year 2015. Current Block for Compliance of CPE Hour is from 01.01.2014 to 31.12.2016. Members, who have not filed self deceleration for Calendar Year 2015, can file the same now.
...
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Extension of last date for complying with the CPE hours requirement for the Calendar Year 2015 - ICAI
Posted Date : 15-Jan-2016 , 08:52:50 am | Posted By CASANSAAR
January 12, 2016
FOR INFORMATION OF THE MEMBERS
Sub: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2015” - from 31st December, 2015 to 31st March, 2016
This is for kind information of the members that the last date for complying...
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Discontinuation of ranks in Common Proficiency Test (CPT) - ICAI
Posted Date : 12-Jan-2016 , 08:31:56 am | Posted By CASANSAAR
8th January 2016
Discontinuation of ranks in Common Proficiency Test (CPT)
It is hereby informed that in terms of decision taken by the Examination Committee, declaration of ranks in respect of Common Proficiency Test(CPT), has been discontinued with effect from CPT held in December, 2015 on...
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ICAI Constitute a Group to look into the definition of Accountant and other services a CA can render
Posted Date : 12-Jan-2016 , 08:29:14 am | Posted By CASANSAAR
Council Affairs/M-626/2015 11th January, 2016
ALL MEMBERS OF THE COUNCIL
Dear Sir,
Sub: Constitution of a Group to look into the definition of Accountant and other services a CA can render
Arising out of discussion on the Opening Remarks of the President, the Council at...
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Extension of date to complete GMCS-I Course by the students registered for articleship training on or after 1st May, 2012
Posted Date : 01-Jan-2016 , 08:31:05 pm | Posted By CASANSAAR
31st December, 2015
Sub: Extension of date to complete GMCS-I Course by the students registered for articleship training on or after 1st May, 2012
It has been decided to grant extension to students, who were registered for practical training on or after 1st May, 2012 and completed one year...
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Delay in GST will deprive consumers of benefits - ICAI President
Posted Date : 31-Dec-2015 , 07:23:43 am | Posted By CASANSAAR
The delay in implementation of the GST Bill will deprive the consumers of its benefits, Institute of Chartered Accountants of India (ICAI) president Charted Account Manoj Fadnis said today.
"The consumers are at a loss as they will not be able to avail the benefits of one common tax in...
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Restoration of Membership of the Institute - ICAI
Posted Date : 30-Dec-2015 , 09:02:43 am | Posted By CASANSAAR
A member of the Institute enjoys the privileges by participating in the Institute's activities and programmes designed for dissemination of knowledge, professional development and continuing professional education.
A member of the Institute is entitled for monthly journal of the Institu...
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Rs 1 crore fraud reporting threshold brings clarity for auditors - ICAI
Posted Date : 29-Dec-2015 , 08:19:03 am | Posted By CASANSAAR
The threshold of Rs 1 crore for reporting any suspected corporate fraud brings in clarity for auditors but might prove to be less for very large corporates, apex body of chartered accountants ICAI said.
Earlier this month, the Corporate Affairs Ministry said that auditors are required to re...
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Deliberations Between ICAI, ICSI and ICoAI on Multi-Disciplinary Partnership (MDP) Firms
Posted Date : 09-Dec-2015 , 09:10:51 am | Posted By CASANSAAR
The modalities of setting up Multi-Disciplinary Partnership (MDPs) of their members are under discussion amongst the Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICAoI).
The councils ...
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Disciplinary cases: CA Institute plans e-hearing facility
Posted Date : 27-Nov-2015 , 10:43:54 am | Posted By CASANSAAR
The CA Institute plans to usher in the facility of ‘e-hearing’ for its disciplinary cases, its President Manoj Fadnis has said.
Such a facility — once introduced after amendment of the rules — would help in faster disposal of disciplinary cases against any erring members...
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New dedicated Chapter helpdesk for queries related to members/students based abroad - ICAI
Posted Date : 26-Nov-2015 , 07:36:11 am | Posted By CASANSAAR
24 November 2015
The Institute of Chartered Accountants of India is committed to provide the best services to its members. Considering the same, the International Affairs Committee of the Institute has reactivated its logistic framework through a dedicated email foreigndesk@icai.in at ICAI HO l...
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ICAI director finds NSEL auditor guilty of misconduct
Posted Date : 25-Nov-2015 , 08:22:13 am | Posted By CASANSAAR
The director (discipline) of the Institute of Chartered Accountants of India (ICAI), the apex body of chartered accountants, has formed a prima-facie opinion, finding the auditor of the National Spot Exchange (NSEL) guilty of professional misconduct.
The matter has now been taken up by the instit...
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Announcement regarding Non-application of AS 30, AS 31 and AS 32 in the Final Course Paper 1: Financial Reporting - ICAI
Posted Date : 24-Nov-2015 , 08:25:49 am | Posted By CASANSAAR
The entire IAS 39 “Financial Instruments: Recognition and Measurement”, on which AS 30 “Financial Instruments: Recognition and Measurement” was based, has been replaced by IFRS 9 “Financial Instruments”. Therefore, the Government of India opted to notify Ind AS 10...
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IGL Finance moves contempt petition against CA body
Posted Date : 23-Nov-2015 , 09:55:46 am | Posted By CASANSAAR
Six months after a Delhi High Court order in the matter, National Spot Exchange Limited (NSEL) investor IGL Finance has initiated contempt of court proceedings against the Institute of Chartered Accountants of India (ICAI) and its disciplinary committee for not completing the proceedings in complain...
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Members/Firms to furnish PAN details to ICAI - ICAI
Posted Date : 22-Nov-2015 , 10:53:19 pm | Posted By CASANSAAR
ICAI Announcement
In terms of the decision taken by the Council following advice received from the Income Tax Department, the Permanent Account Number (PAN) Card details of the members and firm of chartered accountants are required to be included in the Central Database of the Institute.
The...
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Draft Interpretation on Foreign Currency Transactions and Advance Consideration - ICAI
Posted Date : 07-Nov-2015 , 09:01:37 am | Posted By CASANSAAR
Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015.
The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’)...
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Clarification on the use of CA Logo - ICAI
Posted Date : 28-Oct-2015 , 08:07:46 am | Posted By CASANSAAR
...
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Tentative dates of forthcoming Information Systems Audit (Assessment Test)-(ISA-AT) - ICAI
Posted Date : 28-Oct-2015 , 08:00:52 am | Posted By CASANSAAR
26th October 2015
ISA-AT for members is held twice a year in the month of June and December.
The tentative dates of the forthcoming ISA-ATs are as follows:
26th December 2015
25th June 2016
24th December 2016
It may be please be noted that the dates me...
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Check genuineness of certificates issued by CAs: CVC to ICAI
Posted Date : 20-Sep-2015 , 09:41:12 pm | Posted By CASANSAAR
The Central Vigilance Commission has asked the apex body of Chartered Accountants, ICAI, to take steps to monitor genuineness of certificates issued by its members in order to check banking frauds.
The move comes after it was noticed by the CVC that some unscrupulous people were forging doc...
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Amendment in CA Website Guidelines - ICAI
Posted Date : 17-Sep-2015 , 09:19:33 pm | Posted By CASANSAAR
It is hereby announced that the Council at its 345th Meeting held on 14th - 16th August, 2015 decided to amend the ICAI Website Guidelines, based on the recommendations of the Ethical Standards Board. The amendment has been carried out between paras 6(ix) and (7) of the Website Guidelines, and is sh...
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ICAI calls for major changes to Benami Bill
Posted Date : 29-Aug-2015 , 09:08:55 am | Posted By CASANSAAR
Representatives of the Institute of Chartered Accountants of India (ICAI), who gave a presentation to the Finance Standing Committee of Parliament here on Thursday, have suggested important changes in the Benami Transactions (Prohibition) Amendment Bill, 2015.
The ICAI representatives told the ...
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ICAI takes back its decision on Mechanism to Monitor Tendering
Posted Date : 26-Aug-2015 , 08:04:12 am | Posted By CASANSAAR
REVISED ANNOUNCEMENT- MECHANISM TO MONITOR TENDERING
24th August, 2015
The Council at its 345th meeting held from 14th to 16th August, 2015 considered the concerns raised by members on the decision of the Council with regard to mechanism to monitor tendering hosted on the website of the ...
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