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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ICAI |
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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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ICAI |
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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 |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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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ICAI |
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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 |
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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 |
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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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ICAI |
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A Report on Audit Quality Review Findings (2012-15) - ICAI
Posted Date : 18-Aug-2015 , 10:20:27 pm | Posted By CASANSAAR
ANNOUNCEMENT
A Report on Audit Quality Review Findings (2012-15)
Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the...
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ICAI |
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Ease of Doing Business/Use of INC - 29 for Formation of Company - ICAI
Posted Date : 07-Aug-2015 , 09:29:24 pm | Posted By CASANSAAR
For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the cost involved in getting approval. With this integ...
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ICAI |
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Mechanism to Monitor Tendering Fees quoted by its Members - ICAI
Posted Date : 22-Jul-2015 , 10:22:52 pm | Posted By CASANSAAR
With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting considered the report of the Group constituted under the convenorship of CA. Tarun Jamnadas Ghia, Member, Central Council and decided as under:
1. Tendering has been prohibited ...
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ICAI |
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ICAI to help Indian Railways move to accrual accounting system
Posted Date : 13-Jul-2015 , 09:12:30 am | Posted By CASANSAAR
Apex body of chartered accountants ICAI is closely working with Indian Railways to help migrate its accounting system to the more transparent "accrual" format.
Under the accrual basis, revenues and expenses are reported in an income statement during the period when that ...
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ICAI |
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0 | Hits : 497
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ICAI defers call on new revenue recognition concepts
Posted Date : 29-Jun-2015 , 08:45:36 am | Posted By CASANSAAR
ICAI has deferred a decision on adoption of new 'revenue recognition' concepts that the developed world is hesitating to implement.
The proposal -- whether the new revenue recognition standard (Ind AS 115) should be adopted from April 1, 2016 or deferred -- was before the central counci...
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ICAI |
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Ten years on, ICAI probe into GTB Auditors role still not complete
Posted Date : 29-Jun-2015 , 08:29:36 am | Posted By CASANSAAR
On December 19, 2002, the Joint Parliamentary Committee (JPC) on stock market scams and related matters, which was probing the so-called Ketan Parekh scam of 1999-2001, presented its report in Parliament with 276 recommendations.
Over several past years, various government bodies and regulatory a...
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ICAI |
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Relaxation to complete Advanced ITT Course after the Final Examination but before enrolling as a member of the ICAI
Posted Date : 26-Jun-2015 , 09:16:29 pm | Posted By CASANSAAR
As per Regulation 29C(1)(iv) of the Chartered Accountants’ Regulations 1988, students who have registered for Practical Training on or after February 1, 2013 are required to complete Advanced IT Training before admission to the Final Examination. The Council at its 343rd Meeting held on June 2...
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ICAI |
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Election commission joins hands with ICAI to clean the books of Political Parties
Posted Date : 26-Jun-2015 , 08:43:57 am | Posted By CASANSAAR
Election Commission has decided to join hands with Institute of Chartered Accountants of India (ICAI) to clean the books of political parties by providing them a new set of accounting norms that would make their financial statements more transparent and accountable.
The new accounting practises f...
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ICAI |
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ICAI Clarification/Corrigendum over the Cover page of June 2015 issue of The Chartered Accountant Journal
Posted Date : 08-Jun-2015 , 10:22:08 pm | Posted By CASANSAAR
ICAI Clarification/Corrigendum over the Cover page of June 2015 issue of The Chartered Accountant Journal
We wish to clarify to the members, students and other readers of The Chartered Accountant journal that the cover page of the June 2015 issue of the journal is a mere artistic depi...
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ICAI |
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ICAI are looking for Portfolio Investor for the Investment of Surplus funds around Rs. 600 Cr. PA
Posted Date : 03-Jun-2015 , 08:56:02 am | Posted By CASANSAAR
ICAI are looking for Portfolio Investor for the Investment of Surplus funds around Rs. 600 Cr. PA.
The Institute from time to time is making investment of its surplus funds as per the provisions of the Section 18(2) of the Chartered Accountants Act, 1949 as amended by the Chartered Accountants (A...
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ICAI |
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ICAI Ties Up With 2 Top Medical Associations
Posted Date : 31-May-2015 , 02:01:38 pm | Posted By CASANSAAR
ICAI has tied up with two top medical associations — Association of Healthcare Providers (India) (AHPI) and Delhi Medical Association — to improve the cost management systems in hospitals.
Under this arrangement, members of the Institute of Cost Accountants of India (ICAI) w...
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ICAI |
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ICAI issued an Advisory after the Movement of CASANSAAR against fake website similar to ICAI
Posted Date : 29-May-2015 , 09:18:21 pm | Posted By CASANSAAR
ICAI issued an Advisory after the Movement of CASANSAAR against fake website similiar to ICAI:-
"Kiski Nazar lag gayi Profession ko....
Fake CA Degrees (OPJS University)
Fake ICAI Websites (http://icaindia.net.in/)
JAAGO CA JAAGO,.......
BE UNITE & SAVE PROFESSION...
https:/...
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ICAI |
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1 | Hits : 1191
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ICAI Clarification on CASANSAAR movement regarding CA Degree from OPJS University
Posted Date : 23-May-2015 , 09:38:07 pm | Posted By CASANSAAR
ICAI Clarification on CASANSAAR movement regarding CA Degree from OPJS University.
ICAI ANNOUNCEMENT.
It has been brought to our notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in C.A.” a...
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ICAI |
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3 | Hits : 2587
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ICAI issued Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities
Posted Date : 15-May-2015 , 01:29:27 pm | Posted By CASANSAAR
(The Council of the Institute of Chartered Accountants of India (ICAI) has issued this Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities which comes into effect from the date of its issuance. Pending finalisation of the Guidance Note, as it was under discussio...
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ICAI |
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Guidance Note on Accounting for Derivative Contracts by ICAI
Posted Date : 12-May-2015 , 09:36:07 pm | Posted By CASANSAAR
In the year 2007, the Institute of Chartered Accountants of India (ICAI), issued Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement and Accounting Standard (AS) 31, Financial Instruments: Presentation. Both of these Accounting Standards were to come into effect in respec...
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ICAI |
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0 | Hits : 433
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ICAI looks to complete over 120 disciplinary cases this year
Posted Date : 11-May-2015 , 08:33:42 am | Posted By CASANSAAR
To speed up disciplinary action against erring members, the apex body of chartered accountants ICAI is looking to complete most of the 120-odd pending cases this year.
There have been some instances such as the Satyam case where the institute took stern action against some of its members fo...
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ICAI |
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