Category: ICAI

Capitaline TP discounted corporate database for Chartered Accountants and CA firms. ICAI arrangement with C-MOTS Internet Technologies Pvt Limited.

Capitaline TP discounted corporate database for Chartered Accountants and CA firms. ICAI arrangement with C-MOTS Internet Technologies Pvt Limited. ICAI Announcement As an ongoing attempt to facilitate the members practising in the field of International Taxation, the Committee on International Taxation of ICAI has entered into an arrangement …

Audit without written noc from previous auditor-reprimand converted in to caution by High Court as CA was fresher in practice and omission was procedural

Audit without written NOC from previous auditor-reprimand converted in to caution by High Court as the chartered accountant (CA) was only fresher into practice, the omission was procedural and trivial and no moral turpitude involved. ABCAUS Case Law Citation: 997 2016 (08) HC Date/Month of Judgment: August, 2016 Brief Facts …

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant – High Court ABCAUS Case Law Citation: ABCAUS 994 2016 (08) HC Brief Facts of the Case: The complainant ahd purchased 100 shares of Aban Lyod …

Chartered Accountant held guilty of misconduct not detecting fraud in bank concurrent audit with penalty of severe reprimand – Delhi High Court

CA held guilty of misconduct not detecting fraud in bank concurrent audit, served with penalty of severe reprimand – Delhi High Court ABCAUS Case Law Citation: 983 2016 (08) HC Date/Month of Judgment: August 2016 The indictment: It was alleged by the bank that the respondents chartered accountant had …

Group for looking into the appointments reappointments of statutory internal auditors of various units of ICAI for the year 2016-17

ICAI has formed a group for looking into the matter of appointments/reappointments of statutory/internal auditors of various units/branches of ICAI for the year 2016-17.  Till now there does not seems to be any guidelines for appointment of auditors of ICAI decentralised offices including branches. With increased cashflow at branches …

ICAI Background Material on Model GST Law download. Clause by clause analysis along with comparisons of existing law, FAQ MCQs, Flowcharts and Illustration

Background Material on Model GST Law Dear Professional Colleague, Greetings from Indirect Taxes Committee! The recent developments with respect to Goods & Services Tax (GST) has considerably raised hopes of its implementation in India by April 2017. The Constitution amendment bill for framing the law for setting up …

Coaching classes advertisements not misconduct when CA abstained from practice area of chartered accountancy-Delhi High Court

Coaching classes advertisements not misconduct when CA voluntarily abstained from practice area of chartered accountancy-Delhi High Court ABCAUS Case Law Citation: 978 2016 (07) HC Date/Month of Judgment : July 2016 Brief Facts of the Case: The respondent chartered accountantin this case had been held guilty of “other misconduct” within …