Category: ICAI
ICAI Educational Material on IndAS 105 Non-current Assets Held for Sale & Discontinued Operations ICAI releases Educational Material on IndAS 105, Non-current Assets Held for Sale and Discontinued Operations Ind AS 105 prescribes the accounting treatment for non-current assets held for sale and, and the presentation and disclosure …
ICAI further extends last date for Waiving-off Condonation fees due to late filing of various application Forms by Students, Articled Assistants Extension in the last date for Waiving-off Condonation fees due to late filing of various application Forms related to Students and Articled Assistants amidst COVID-19 Pandemic ICAI …
ICAI Guidance Note on Accounting by E-commerce Entities. In view of increased number of online transactions for buying and selling of products / services, ICAI has revised its ‘Guidance Note on Dot-Com companies’ as the ‘Guidance Note on Accounting by E-commerce Entities’. This revised Guidance note deals with …
ICAI Guidance Note on Accrual basis of accounting 2021. The importance of Accrual basis of accounting assumes importance as one of the fundamental accounting assumption for preparing and presenting the financial statement is ‘Accrual’. The Institute of Chartered Accountants of India (ICAI) through its Research Committee has issued …
ICAI bans seven CAs on being found guilty of professional misconduct THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Notification No. PR/237/15-DD/261/15/DC/767/2018 New Delhi, the 15th February, 2021 (CHARTERED ACCOUNTANTS) In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949read with Rules 18(17) and 19(1) …
ICAI warns of misconduct on using social media to express grievances without taking up issues with Institute. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament) February 11, 2021 ADVISORY Attention: All members and students The ICAI has always been making efforts to protect …
ICAI Handbook on Role of Women Directors in Companies As per the statement given in the Govt., Rajya Sabha as on as on 31.03.2017, 25.01% of the directors on the boards of companies were women directors. Section 149 of the Companies Act 2013 provides that every company shall …
Standard on Assurance Engagements (SAE) 3410 Assurance Engagements on Greenhouse Gas Statements  Global climate change (GHG) is one of world’s most significant long-term policy challenges. Project to develop a standard for assurance engagements on greenhouse gas (GHG) statements was started by the IAASB in 2007.  With …
ICAI Hand book on Audit of CSR Activities Under the provisions of section 135 of the Companies Act 2013 its is mandatory for Companies to take up Corporate Social Responsibility (CSR) projects on various social welfare activities provided and/or notified by MCA. ICAI Hand book on Audit of …
ICAI has issued a clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client CAs as Statutory auditor can not share client information with credit rating agencies without permission The Institute stated that it has been receiving queries from the members as …
