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News Category : ICAI

UDIN Being Made Mandatory in 2nd Phase for GST & Tax Audit Reports - ICAI
Posted Date : 14-Mar-2019 , 05:43:22 pm | Posted By CASANSAAR

UDIN BEING MADE MANDATORY IN 2nd PHASE FOR GST & TAX AUDIT REPORTS You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018 in the following phases: All Certifi...

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Category : ICAI | Comments : 0 | Hits : 2484

Govt approves renewl of the MoU between ICAI and ICAEW
Posted Date : 08-Mar-2019 , 08:21:03 am | Posted By CASANSAAR

The government Thursday gave approval to the pact between the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England & Wales (ICAEW). The Union Cabinet, chaired by Prime Minister Narendra Modi, gave ex-post facto approval of the memorandum of ...

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Category : ICAI | Comments : 0 | Hits : 993

ICAI withdraws announcement on Auditor rotation after govt directive
Posted Date : 16-Feb-2019 , 08:36:36 am | Posted By CASANSAAR

Chartered accountants' apex body ICAI on  Friday withdrew an announcement regarding applicability of rotation of auditors at companies, following a directive from the corporate affairs ministry. In a rare instance, the ministry told the Institute of Chartered Accountants of India (ICAI) ...

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Category : ICAI | Comments : 0 | Hits : 1085

ICAI to train 1 lakh students on GST accounting
Posted Date : 15-Feb-2019 , 10:02:22 am | Posted By CASANSAAR

The Institute of Cost Accountants of India (ICAI) will be launching a course in Goods and Services Tax (GST) accounting in a about a month from now. “We are in discussions with Government and modalities are being worked out,” Amit Anand Apte, President, ICAI told newspersons here on T...

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Category : ICAI | Comments : 0 | Hits : 658

New President & Vice-President of ICAI for the year 2019-20
Posted Date : 12-Feb-2019 , 08:21:43 pm | Posted By CASANSAAR

CA. Prafulla P. Chhajed President, ICAI CA. Atul Kumar Gupta Vice-President, ICAI Many Many Congratulations to the Elected President & Vice President of ICAI for the year 2019-20....

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Category : ICAI | Comments : 0 | Hits : 187

ICAI Accounting Research Foundation to oversee reopening of IL&FS books
Posted Date : 12-Feb-2019 , 09:17:51 am | Posted By CASANSAAR

The ICAI Accounting Research Foundation (ICAI ARF) will oversee the process of reopening the books of crisis-hit IL&FS.  The board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) was taken over by the corporate affairs ministry last year after many group entities ...

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Category : ICAI | Comments : 0 | Hits : 117

UDIN mandatory wef 1st Feb., 2019 for all Certificates - ICAI
Posted Date : 25-Jan-2019 , 11:06:59 am | Posted By CASANSAAR

ANNOUNCEMENT UDIN mandatory wef 1st Feb., 2019 for all Certificates  It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints ...

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Category : ICAI | Comments : 0 | Hits : 1038

Revised Procedure for providing inspection/certified copies of evaluated answer-books to the concerned examinees - ICAI
Posted Date : 25-Jan-2019 , 11:05:45 am | Posted By CASANSAAR

An examinee may apply seeking inspection/certified copies of answer books, within 30 days from the date of declaration of respective result(s), with the applicable fee, online at http://icaiexam.icai.org and pay the applicable fee online. There is no provision for submission of such requests with la...

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Category : ICAI | Comments : 0 | Hits : 385

ICAI signs MoU with ICPA of Kenya
Posted Date : 23-Jan-2019 , 08:58:03 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019. Signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to id...

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Category : ICAI | Comments : 0 | Hits : 402

ICAI clarifies rumours on postponement of May 2019 CA Examinations
Posted Date : 17-Jan-2019 , 09:07:01 am | Posted By CASANSAAR

16th January, 2019 IMPORTANT ANNOUNCEMENT REG: May 2019 CA Examinations It has been brought to our notice that the probable date of commencement of May 2019 CA examinations and the time table there on are doing the rounds in the social media. It is hereby clarified that the timetable i...

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Category : ICAI | Comments : 0 | Hits : 928

ICAI reports slams statutory auditors of IL&FS
Posted Date : 05-Jan-2019 , 09:38:35 am | Posted By CASANSAAR

A preliminary report of the Institute of Chartered Accountants of India (ICAI) has said that the statutory auditors of IL&FS did not carry out their functions in a proper manner, highlighting a number of negligences on their part. Being a regulatory body of auditors, the ICAI’s prelimin...

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Category : ICAI | Comments : 0 | Hits : 827

ICAI Election effects - Disciplinary Proceedings against IL&FS Auditors postponed
Posted Date : 28-Dec-2018 , 10:00:52 am | Posted By CASANSAAR

The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of beleaguered IL&FS Group stands postponed. The first hearing, which was scheduled to take place in Kolkata on Friday, has been postponed, sources close to the developments said. There is no i...

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Category : ICAI | Comments : 0 | Hits : 1012

ICAI defers Mandatory use of UDIN to Feb 2019
Posted Date : 27-Dec-2018 , 03:38:26 pm | Posted By CASANSAAR

ANNOUNCEMENT UDIN - A way to authenticate document As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had...

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Category : ICAI | Comments : 0 | Hits : 856

ICAI and IIM Ahmedabad sign MoU for training of Chartered Accountants
Posted Date : 12-Dec-2018 , 08:51:39 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Indian Institute of Management, Ahmedabad for open-enrolment and customized training programs exclusively for Chartered Accountants. The MoU is likely to benefit the Chartered Accountant...

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Category : ICAI | Comments : 0 | Hits : 1487

ICAI accuses 3 top audit firms of professional misconduct for IL&FS crisis
Posted Date : 10-Dec-2018 , 08:59:17 am | Posted By CASANSAAR

The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden IL&FS Group - and two of its subsidiaries, IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd (IFIN), have been held “prima facie ...

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Category : ICAI | Comments : 1 | Hits : 3090

ICAI and CPA Canada sign MoU for greater mobility of Professionals
Posted Date : 22-Nov-2018 , 08:05:59 am | Posted By CASANSAAR

Chartered accountants body ICAI said Tuesday it has signed an agreement with the Chartered Professional Accountants (CPA), Canada. The pact would facilitate mutual recognition of each other's qualification and admit the members in good standing by prescribing a bridging mechanism between the ...

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Category : ICAI | Comments : 0 | Hits : 654

ISA-AT Test will be held on 22nd December 2018
Posted Date : 09-Nov-2018 , 09:15:33 am | Posted By CASANSAAR

Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test which is open to the members of the Institute, will be held on 22nd December, 2018 (Saturday) from 9.00 AM to 1.00 PM (IST). An application for admission to the Assessment Test is required to be submi...

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Category : ICAI | Comments : 0 | Hits : 469

Govt looks to Discipline Professional Institutes
Posted Date : 26-Oct-2018 , 09:48:36 am | Posted By CASANSAAR

The government is looking to step up its oversight over three professional institutes, including the Institute of Chartered Accountants of India (ICAI), for their failure to discipline errant auditors, despite being ticked off by Prime Minister Narendra Modi 15 months ago. The government has pull...

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Category : ICAI | Comments : 0 | Hits : 867

Cabinet approves MoU between the ICAI and CPA Afghanistan
Posted Date : 25-Oct-2018 , 08:37:08 am | Posted By CASANSAAR

  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Certified Professional Accountants Afghanistan (CPA Afghanistan).  The MoU will establi...

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Category : ICAI | Comments : 0 | Hits : 372

Cabinet approves MoU between ICAI and ICPAK
Posted Date : 27-Sep-2018 , 07:53:28 am | Posted By CASANSAAR

  The Union Cabinet chaired by Prime Minister Shri Narendra Modi has  given its approval for signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the Institute of Certified Public Accountants of Kenya (ICPAK).  It will he...

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Category : ICAI | Comments : 0 | Hits : 456

Unique Document Identification Number (UDIN) will be mandatory wef 1st January, 2019
Posted Date : 26-Sep-2018 , 09:26:15 pm | Posted By CASANSAAR

It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. ICAI is also receiving number of complaints of forged signatures. To curb the malpractices, the Professional Development Commit...

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Category : ICAI | Comments : 0 | Hits : 496

Suggestions/feedback on evaluation of examination answer books system - ICAI
Posted Date : 16-Sep-2018 , 09:49:31 am | Posted By CASANSAAR

Announcement 15th September, 2018 Sub: Suggestions/feedback on evaluation of examination answer books system. The Group formed to review the evaluation of examination answer book system invites Suggestion/ Feedback of the CA students on the evaluation of examination answer books system th...

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Category : ICAI | Comments : 0 | Hits : 404

ICAI may review rules to stop Auditor exits
Posted Date : 01-Sep-2018 , 08:20:32 am | Posted By CASANSAAR

The central government is considering a review of auditing standards to plug loopholes in the wake of the recent spate of resignation by auditors, many of them exiting listed firms abruptly or ahead of quarterly results. Auditors in as many as 204 listed companies have resigned between January 1 ...

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Category : ICAI | Comments : 0 | Hits : 3359

Open book exam in the elective subjects of Paper 6 of Final (New) course
Posted Date : 03-Aug-2018 , 05:11:07 pm | Posted By CASANSAAR

ICAI had introduced elective subjects in Paper 6 in the CA Final (New) course exam from May 2018 exam and onwards, which is being held on open book methodology. In this regard, it is hereby clarified that it has been decided as follows in respect of Paper 6 Electives- of Final (New) course exam: ...

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Category : ICAI | Comments : 0 | Hits : 366

Report on Audit Quality Review (2017-18) of the Quality Review Board
Posted Date : 02-Aug-2018 , 11:22:40 am | Posted By CASANSAAR

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 Chartered Accountants Act, 1949:- a) to make recommendations to the...

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Category : ICAI | Comments : 0 | Hits : 791

ICAI Clarify regarding date of declaration of results of CA Intermediate exam
Posted Date : 26-Jul-2018 , 09:04:16 am | Posted By CASANSAAR

Clarification regarding date of declaration of results of CA Intermediate exam. It has been brought to our notice that a fake announcement regarding the date of declaration of result of the Intermediate examination held in May 2018 is doing the rounds in the social media. It is hereby clarifie...

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Category : ICAI | Comments : 0 | Hits : 581

Cabinet approves ICAI's pacts with NBAA, BIBF
Posted Date : 18-Jul-2018 , 11:07:41 pm | Posted By CASANSAAR

The government today gave its approval to the Institute of Chartered Accountants of India's pacts with Tanzania's National Board of Accountants and Auditors (NBAA) and Bahrain Institute of Banking and Finance (BIBF), according to separate official statements. The Union Cabinet, chaired by...

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Category : ICAI | Comments : 0 | Hits : 825

ICAI introduces UDIN for Documents Certified / Attested by CAs
Posted Date : 09-Jul-2018 , 03:19:45 pm | Posted By CASANSAAR

Unique Documents Identification Number (UDIN) is a unique number which is to be generated for every document certified / attested by practicing chartered accountants and will be registered with UDIN portal with effect from 1st July, 2018. UDIN aims to address the concern of documents / certificat...

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Category : ICAI | Comments : 0 | Hits : 1799

Set up central agency to evaluate big loan proposals - ICAI
Posted Date : 09-Jul-2018 , 08:22:51 am | Posted By CASANSAAR

Cost accountants' apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval. The suggestion comes at a time when the country's banking system is grappling with ...

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Category : ICAI | Comments : 0 | Hits : 516

Cabinet approves renewal of MoU between ICAI & Saudi Organisation for CPAS
Posted Date : 05-Jul-2018 , 09:08:03 am | Posted By CASANSAAR

  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) signed in 2014 and approval for renewal of MoU between the Institute of Chartered Accountants of India (ICAI) & Saudi Organisation for Certi...

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Category : ICAI | Comments : 0 | Hits : 389

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