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News Category : ICAI

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 : 759

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 : 796

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 : 979

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 : 820

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 : 1462

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 : 2466

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 : 633

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 : 455

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 : 848

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 : 348

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 : 444

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 : 453

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 : 391

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 : 3323

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 : 355

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 : 782

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 : 567

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 : 813

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 : 1725

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 : 507

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 : 380

President of India Inaugurates the Platinum Jubilee Celebrations of ICAI
Posted Date : 02-Jul-2018 , 07:54:20 am | Posted By CASANSAAR

  The President of India, Shri Ram Nath Kovind, inaugurated the platinum jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today (July 1, 2018).   Speaking on the occasion, the President said that adherence to a fair taxation system is much ...

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Category : ICAI | Comments : 0 | Hits : 407

Pattern of Assessment from May 2019 Examination - ICAI
Posted Date : 25-Jun-2018 , 10:36:05 pm | Posted By CASANSAAR

Students appearing in the Intermediate and Final Examinations may please note that beginning from May, 2019 attempt, assessment in the following subjects would be partially based on objective type questions: Intermediate Level Final Level Paper Subject Paper ...

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Category : ICAI | Comments : 0 | Hits : 1535

ICAI Valuation Standard effective for Valuation Reports issued on or after 1st July, 2018.
Posted Date : 10-Jun-2018 , 08:17:55 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) issues Valuation Standards as a benchmark for Valuation Practices applicable for Chartered Accountants  Recognising the need to have the consistent, uniform and transparent valuation policies and harmonise the diverse practices in use in...

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Category : ICAI | Comments : 0 | Hits : 470

ICAI, SAICA sign pact to facilitate professionals movement
Posted Date : 06-Jun-2018 , 09:39:36 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) has signed a pact with its South African counterpart to establish a framework for making recognition of their members easier and promote mobility of professionals between the countries. The mutual recognition agreement (MRA) signed between th...

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Category : ICAI | Comments : 0 | Hits : 574

Online Facility for members to update Email ID, Mobile & Address - ICAI
Posted Date : 06-Jun-2018 , 09:03:49 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India is always committed to bring technological advancements in various processes of the Institute to better serve the members, students and other stakeholders. In this regard, ICAI has recently launched two online services for the benefit and ease of use o...

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Category : ICAI | Comments : 0 | Hits : 1216

ICAI issues valuation standards for members
Posted Date : 26-May-2018 , 10:15:08 am | Posted By CASANSAAR

Chartered accountants' apex body ICAI has issued a framework for consistent, uniform and transparent valuation practices for its members. The Institute of Chartered Accountants of India (ICAI), in a release, said that it has issued valuation standards as a benchmark for valuation practices appli...

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Category : ICAI | Comments : 0 | Hits : 656

Application Form for the ISA Assessment Test June, 2018 - ICAI
Posted Date : 24-May-2018 , 08:52:26 am | Posted By CASANSAAR

Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2018 Online Application Form    Hard Copy Application Form ...

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Category : ICAI | Comments : 0 | Hits : 777

ICAI Invites Applications from Highly Competent Candidates for the Position of SECRETARY
Posted Date : 15-May-2018 , 10:38:54 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) is a statutory body established for regulation of the profession of Chartered Accountants in India. ICAI, the second largest accounting body in the world is looking for a high profile and multi-faceted personality with proven leadership qualitie...

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Category : ICAI | Comments : 0 | Hits : 1891

ICAI sends notices to Big Four, other MNC auditors
Posted Date : 12-May-2018 , 09:33:11 am | Posted By CASANSAAR

The Institute of Chartered Accountants of India (ICAI) has issued notices to Indian arms of multinational auditing firms including Deloitte, PricewaterhouseCoopers, EY, KPMG, Grant Thornton and BDO, seeking details of corporate structures, investments and revenue.  The body is investigating ...

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Category : ICAI | Comments : 0 | Hits : 2640

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