Category: ICAI

ICAI amends Form 18 to incorporate particulars of non CA partners

ICAI amends Form 18 to incorporate particulars of non CA partners under Regulation 53B ICAI has amended the Chartered Accountants Regulations, 1988 by notifying the Chartered Accountants (Amendment) Regulations, 2021. The amendment has substituted Form 18 , in Schedule “A” of the Chartered Accountants Regulations, 1988. Chartered Accountants …

ICAI issues Guidance Note on Accounting for Derivative Contracts

ICAI issues Guidance Note on Accounting for Derivative Contracts ICAI has formulated a ‘Guidance Note on Accounting for Derivative Contracts’ for uniform accounting principles for accounting of derivative contracts. The Guidance Note provides guidance on accounting for financial and commodity derivative contracts consistent with the extant international practices. …