Category: ICAI
ICAI cancels/restores membership of thousands of CAs due to death/non payment of fee The Institute of Chartered Accountants of India has removed the names of 1593 Chartered Accountants from Register of Members with effect from 1st October 2022 on account of non-payment of membership fees. However, ICAI has …
Standards on Auditing applicable to companies should also apply to audit of limited liability partnerships. ICAI issues exposure Draft of Standards on Auditing for LLPS The Institute of Chartered Accountants of India (ICAI) had submitted ICAI’s recommendations to the National Financial Reporting Authority (NFRA) regarding 35 Standards on …
In ICAI Open Book’ methodology exam also the student required to write answers not copy-paste in the answer book – Supreme Court dismisses student’s SLP ABCAUS Case Law Citation:ABCAUS 3817 (2023) (11) SC The petitioner had appeared in the C.A. final examination conducted by the ICAI in the …
CAG to consider Branch Offices of CA firms based on percent/number of partners stationed there for the purpose of empanelment from 2024-2023 ICAI Announcement dated 9th Nov 2023 The office of C&AG has been giving cognizance to location of the Head office as well as Branch Offices of …
ICAI issue Technical Guide on Internal Audit of Pharmaceutical Industry the Indian pharmaceutical industry is the world’s 13th largest by value and third largest in the world by volume. The pharmaceutical industry in India was valued at an estimated US $42 billion in 2021 and is estimated to …
CAs to disclosure Fees-Relative size of audit client to ICAI w.e.f. 01.10.2023 Disclosure of Fees-Relative size is to be made by a Chartered Accountant to ICAI w.e.f. 01.10.2023 as per reporting requirements pertaining to Fees related disclosure under the revised requirements in Code of Ethics ICAI has made …
ICAI extends last date for payment of Membership/COP fee for 2023-24 to 31.10.2023 Extension of last date for payment of ICAI Membership/COP fee for FY 2023-24 from 30.09.2023 to 31.10.2023 As per latest announcement by ICAI it has been to extend the last date for payment of Membership/ …
ICAI bans six chartered Accountants for committing professional misconduct ICAI has removed name of six chartered Accountants from the register of members for committing professional misconduct Sl No. Particulars Period of removal Notification 1. CA. Sudhakar C (Membership No. 026064), No. F 2, First Floor, No. 16, Durgam …
Guidance Note on Tax Audit u/s 44AB. ICAI releases revised 2023 Edition ICAI has released the revised 2023 edition of Guidance Note on Tax Audit u/s 44AB of the Income Tax Act 1961. The first Guidance note was released in 1985 and this ninth edition in series. Tax …
ICAI clarifies level of authority attached to Guidance Notes, Accounting Standards’ and ‘Standards on Auditing issued by it and degree of compliance required. Clarification Regarding Authority Attached to Documents Issued by ICAI 1. The Institute has, from time to time, issued ‘Guidance Notes’ on a number of matters. …