Category: ICAI

ICAI Guidance Note on Accounting by E-commerce Entities

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

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

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 Handbook on Role of Women Directors in Company

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 …

ICAI Hand book / Guidance Note on Audit of CSR Activities

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 …