Category: ICAI
ICAI advises obtaining CA/Auditor’s report on utilisation of CSR funds if CSR activity is done through third party ICAI advisory for Chartered Accountants and Companies to whom CSR provisions under Companies Act, 2013 apply A Company which is required to comply with CSR Regulations u/s 135 …
Four hour mandatory CPE on Standards on Auditing & Code of Ethics can be done through virtually/online meetings/webnairs by calendar year 2020 onwards – ICAI ICAI, in view of the global pandemic Covid-19, had decided to completely restrict conduction of any programme/class by any Regional Council/Branch/Central Level Committee, …
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the26th May, 2020G.S.R. 311(E).—In exercise of the powers conferred by clauses (f) and (g) of sub–section (2) of section29A, read with Section 28C and Sub–section (1) of section 28D of the Chartered Accountants Act, 1949 (38 of 1949), the Central Government hereby makes …
ICAI launches a separate website for its disciplinary function / mechanism Institute of Chartered Accountants of India (ICAI) has launched a separate website for its disciplinary function. The digitisation of disciplinary function of the ICAI is a welcome step. The said portal separately deals with disciplinary mechanism and …
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
ICAI advisory cautioning on fake social media pages of the Institute operated illegally with ICAI’s name and logo. List of verified Social Media Accounts ICAI Announcement ICAI Advisory for Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large in respect of Fake …
Retrospective Restoration of ICAI Membership/COP for 2019-2020. Form 9 / Form 101 and applicable fee can be submitted till midnight of 31st May 2020 Retrospective Restoration of ICAI Membership/COP for 2019-2020 ICAI Announcement The sudden developments in regard to corona virus pandemic in the country have resulted in …
ICAI Guidance Note on Physical Inventory Verification– Key Audit Considerations amid COVID-19 ICAI has issued a Guidance Note on Physical Inventory Verification– Key Audit Considerations amid COVID-19 situation to help auditors effectively discharge their obligations. ICAI Guide on Physical Inventory Verification– Key Audit Considerations amid COVID-19 Physical verification …
No bar on acceptance of more than 15% fees from a single client by chartered accountants – ICAI Clarifies that only requirement is of disclosure ICAI Announcement Sub. : Clarification on Fees from a single client As the members are aware, the revised Code of Ethics will come …
ICAI Guidance Note and FAQ on Going Concern Key Considerations for Auditors amid COVID-19. The going concern concept is a fundamental principle of accounting. It assumes that an entity will remain in business for the foreseeable future. An entity is assumed to be a going concern in the absence …
