Category: Chartered Accountants
Revised Eligibility Criteria for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) from FY 2021-22 and onwards RBI has revised the Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of banks etc. The circular inter alia provides for the eligibility criteria for appointment. Eligibility …
CA Foundation Course registration opened for Class 10th passed. ICAI relaxes Regulations. ICAI relaxes Regulations Class 10th passed now eligible for registration in CA Foundation Course THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 4th May, 2020 F. No.1-CA(7)/193/2020.—The following draft of certain regulations further …
Quality Review Board Report on Audit Quality Review 2018-19. Audit documentation, standards on quality control, written representations etc. key concern The Quality Review Board (QRB) has been set up by the Government of India under section 28A of the Chartered Accountants Act, 1949. The QRB publishes its …
CA, CS & CMA qualified for appointment as arbitrator under The Arbitration & Conciliation Amendment Act 2019 The Arbitration and Conciliation (Amendment) Act, 2019 (the amended Act) has received the assent of the President on 9th August, 2019. The Arbitration and Conciliation Act, 1996 (the old Act) did …
NFRA is engaging upto 10 Chartered Accountants/ Cost and Management Accountants/ Company Secretaries on contractual basis F. No. A-12034/1/2018-Ad.I Government of India Ministry of Corporate Affairs Shastri Bhawan, 5th Floor,’A’ Wing Dr. Rajendra Prasad Road, New Delhi- 110001 Dated: 24.04.2019 National Financial Reporting Authority (NFRA) intends to engage …
Tribunal constituted to decide disputes in election to the Council of the ICAI held in December, 2018. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th April, 2019 S.O. 1591(E).—In exercise of the powers conferred by sub-section (1) of section 10B of the Chartered Accountants Act, 1949 (38 …
Cost Accountants be allowed to appear before income tax authorities/Tribunals as AR by inclusion u/s 288(2) of Income Tax Act-ICMAI submission to FM The Institute of Cost Accountants of India has urged inclusion of “Cost Accountants” under the definition of “Accountant” u/s 288 (2) of Income Tax Act, 1961 …
Order passed by four member Appellate Authority against CA was valid. Under doctrine of necessity recusal of one member not affect hearing and decision-High Court ABCAUS Case Law Citation: ABCAUS 2246 (2018) (03) HC The Petitioner chartered accountant (CA) challenged before the Hon’ble High Court the order passed …
NFRA to have power to impose penalty on audit firms The Chartered Accountants Act, 1949 (Act) provides for imposition of punishment/penalties on members of the Institute of Charted Accountants of India (ICAI) if found guilty of misc-conduct. Also, as per section 132(4) of the Companies Act, 2013, the …
CA alleged as master mind of issuing bogus bills gets relief from Appellate Authority. ICAI had held Mumbai based CA guilty of Other misconduct on the complaint of Income Tax Authorities ABCAUS Case Law Citation: ABCAUS 2225 (2018) (02) CA-AA The appellant Chartered Accountant (CA) had challenged the …