Category: ICAI
CA Proprietary firm or individual practicing CA can be appointed company auditor u/s 139 only for one term – ICAI Clarification ICAI has clarified that Proprietary firm (having FRN) or individual Chartered Accountant (CA) who is practicing either in his own name or trade name can be appointed …
CA students who passed Final exams & eligible to become Chartered Accountants can opt for Membership effective from 1st April 2021 As per ICAI announcement, students who have passed CA Final Examination and eligible to become Chartered Accountants can take the benefit of applying for Membership immediately and …
ICAI Technical Guide on Revised Formats of Long Form Audit Report (LFAR) In bank and bank’s branches audit, the auditors are required to report on certain matters prescribed by the RBI. LFAR is a separate report to be submitted to the bank’s management in the format prescribed by …
ICAI further extends Condonation Scheme to regularize UDINs till 31.03.2021 Extension of Condonation Scheme to regularize UDINs The Condonation Scheme to regularize UDINs was announced by the ICAI by announcement dated 28th December 2020. As per the said scheme, the documents signed between 1st Feb.2019 till 31st Dec. …
CA Foundation Examination dates for June 2021 announced by ICAI from 24th to 30th June 2021. ICAI announces June 2021 CA Foundation Exams dates As per ICAI announcement, next Chartered Accountants Foundation Examination will be held from 24th to 30th June 2021. The examination timings are as under: …
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) …
