Category: ICAI

FAQs regarding Dividend Distribution Tax by ICAI. Presentation requirements as per Ind-AS in case of issue of debt as per the provisions of Ind AS-32

FAQs regarding Dividend Distribution Tax by ICAI. Presentation requirements as per Ind-AS in case of issue of debt as per the provisions of Ind AS-32 Frequently Asked Questions (FAQs) regarding Dividend Distribution Tax This FAQ on Dividend Distribution Tax has been issued by the Accounting Standards Board (ASB) …

ICAI warns of Misleading advertisements by educational institutes representing as offering admission for chartered accountancy course

ICAI warns of Misleading advertisements by educational institutes representing themselves as offering admission for chartered accountancy course ICAI has issued a public notice warning general public against misleading advertisements by colleges/educational institutions/private organizations etc. representing themselves as college of finance/accountancy, offering admission for chartered accountancy course. The public notice of ICAI …

ICAI Revised Guidance Note-Audit of Consolidated Financial Statements 2016. Since 2003 number of developments took place necessitating revised version

ICAI Revised Guidance Note-Audit of Consolidated Financial Statements The Auditing and Assurance Standards Board of ICAI has released out a revised Guidance Note on Audit of Consolidated Financial Statements. Earlier, the Institute of Chartered Accountants of India had issued the ‘Guidance Note on Audit of Consolidated Financial Statements in 2003. As …

ICAI Clarifications-MEF 2016-17. Benefit of seniority and exclusiveness to members applying as Proprietary Concern or in individual capacity

ICAI Clarifications-MEF 2016-17 PD/A-40/2016 6th October, 2016 ANNOUNCEMENT – CLARIFICATIONS IN RESPECT OF MEF 2016-17 Applicants of MEF who are (i) Applying as “Proprietary Concern” and also having Sole/Individual practice registered in Institute’s records (ii) Applying as “Individual” (either Sole/Individual practice registered or not in Institute’s records) though …

CA issuing fake certificate-invoice to bank guilty of misconduct. Bank on the strength of certificate-proforma invoice released loan fund-Delhi HC

CA issuing fake certificate-invoice to bank guilty of misconduct. Bank on the strength of false certificate and fake proforma invoice had released loan fund-Delhi HC  ABCAUS Case Law Citation: 1027 (2016) (10) HC Brief Facts of the Case: The present disciplinary proceedings for professional misconduct were initiated by the …

ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time transition phase relaxation given for the financial year 2016-17

ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time  transition phase relaxation given for the financial year 2016-17 1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to …
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