Category: ICAI
Directions issued by Committee of experts on regulating Audit firms and the Networks as per its report submitted in pursuance of directions of the Supreme Court (i) The Union of India may constitute a three member Committee of experts to look into the question whether and to what extent the …
Provision for submission of ICAI election nomination forms in multiple not required. High Court directs ICAI to consider its discontinuance. Failure to sign the undertaking is a defect of substantial character not a technical one. ABCAUS Case Law Citation: ABCAUS 2619 (2018) (11) HC Important Case Laws Cited/relied upon: …
ICAI Professional Misconduct order quashed on the issue of limitation period on entertaining complaint or information and remanded back to the Disciplinary Committee ABCAUS Case Law Citation: ABCAUS 2607 (2018) (11) AA Important Case Laws Cited/relied upon: Sunderdas Thakersey and Brothers V/s P K Mukherji, AIR 1966 Cal 468 Kishori …
ICAI CASBF Scholarships for poor, needy and meritorious students to pursue the Chartered Accountancy course for one year with effect from 1st April, 2018 to 31st March, 2019 from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 As per ICAI announcement in this regard, the Board of Trustees …
NFRA power to investigate CA misconduct effecive from 24.10.2018. MCA notifies the relevant provisions of sections 132 of the Companies Act, 2013 The Ministry of Corporate Affairs has notified 24th October, 2018 as the date on which the sub-sections (2), (4), (5), (10), (13), (14) and (15) of section …
Cabinet approves MoU between the Institute of Chartered Accountants of India and Certified Professional Accountants Afghanistan (CPA Afghanistan) The Union Cabinet chaired by the Prime Minister of India has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and …
Appellate Authority quashes misconduct order against two chartered accountants who were held guilty on the basis of sting operation by Aaj Tak News Channel as “Jugadu Mechanic Part-3” on black money conversion. Serious concerns was expressed over the casual and careless manner in which these matters were decided by …
CA held guilty of misconduct by not obtaining bank confirmation by exercising due diligence when fake statement was only a printed paper with no signatures or seal ABCAUS Case Law Citation: ABCAUS 2572 (2018) (10) AA Important Case Laws Cited/relied upon by the Appellant: Council of Institute of …
ICAI Code of Ethics for chartered accountants applicable from 1 April 2019. Professional accountant required to comply with five fundamental principles This ICAI Code of Ethics is applicable from 1 April, 2019. However, Where guidance contained in this Code relates to engagements commencing prior to that date, previous guidance …
Internal Auditor cannot undertake GST Audit of the same entity simultaneously- ICAI. Bar on internal auditor regarding tax audit also apply to GST Audit The ICAI had received the following query from the members and other stakeholders as to: Whether an internal auditor of an entity can also undertake GST Audit of …
