Category: ICAI
ICAI Advisory on Accounting and Assurance related issues for FY 2019-20 due to Covid-19 Disruptions ICAI has issued an advisory on impact of corona virus on financial reporting and resultant auditors consideration. The advisory/guide is applicable (a) to entities to whom Ind AS is applicable and (b) the …
ICAI postpones May 2020 CA exams due to COVID-19 outbreak Due to the COVID-19 outbreak, ICAI has again postponed May 2020 exams . The CA exams now be held from 19th June 2020 to 4th July, 2020. The following exams have been postpned: FOUNDATION COURSE EXAMINATION –Under NEW …
ICAI to review general purpose financial statements of Yes Bank ICAI Press Release ICAI to review general purpose financial statements of Yes Bank In view of the recent media reports as regards certain systemic issues with respect to Yes Bank, Financial Reporting Review Board (FRRB) of the Institute …
ICAI signs MoU with IIM Jammu. IIM to offer executive training programs exclusively for the Chartered Accountants ICAI Press Release ICAI signs MoU with IIM Jammu The Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) with Indian Institute of Management (IIM) Jammu …
ICAI to monitor tendering process of Organisations. ICAI President shares Strategic Areas for Action for 2020-21. ICAI to take up tendering issue with CVC ICAI PRESS RELEASE 13.02.2020 The Institute of Chartered Accountants of India (ICAI) elected its new President CA. Atul Kumar Gupta & Vice-President CA. Nihar …
ICAI Guide and FAQ on Indian Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance Educational Material on Indian Accounting Standards 20 The Ministry of Corporate Affairs (MCA) vide its notification dated 16th February, 2015 notified Ind AS 20, Accounting for Government Grants and Disclosure …
ICAI elects President and Vice President for the term 2020-21 CA. Atul Kumar Gupta has been elected as President of The Institute of Chartered Accountants of India for the term 2020-21 on 12th February 2020. he joined the Central Council of ICAI in 2013 wherein he remained a …
ICAI Practitioner’s Guide to Audit of Small Entities (Revised 2020) Naturally speaking, audit of small entities is relatively easier than the audit of large entities. However, auditors has to understand and consider typical features associated with small entities. In small entities, generally there is lack of internal control, …
Board Resolution authorising Legal Counsel to file complaint against CA misconduct can be taken on record even at appellate stage if it existed before filing complaint ABCAUS Case Law Citation:ABCAUS 3243 (2020) (02) AA Important case law relied upon by the parties:Uday Shankar Triyar v. Ram Kalewar Prasad …
Number of women CAs today stands at about 82000. ICAI started with about 1700 members in 1949 – ICAI President ICAI President, in his message (February 2020) proudly stated that today ICAI and its members are a force to be reckoned with. Today, ICAI is having 164 branches …