Category: ICAI
UDIN by CAs can be generated within 30 days of signing of Audit Report as against 15 days – Read ICAI Announcement Now UDIN can be generated with 30 days. Recently ICAI had issued UDIN notification prescribing timeline for all certificates, GST/Tax Audit Reports & Attestation functions. As …
ICAI Revised FAQ on Presentation of Dividend and Dividend Distribution Tax Question: What is the presentation requirement as per Ind AS in India for dividend and dividend distribution tax thereon? Response: Presentation of Dividend The paragraphs 35 and 36 of Ind AS 32, Financial Instruments: Presentation, reproduced hereunder …
ICAI Advisory on Auditor’s Reporting on directors remuneration u/s 197(16) of the Companies Act 2013 ICAI has issued an advisory for chartered accountants for Auditor’s Reporting requirement on directors remuneration u/s 197(16) of the Companies Act 2013. The advisory issued is as under: Advisory on Auditor’s Reporting on …
ICAI holds convocation ceremony for Northern Region of ICAI on 30.08.2019 at New Delhi ICAI Press Release ICAI holds Convocation Ceremony at Delhi The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession …
Company filing complaints/petitions against various CAs in organised manner fined with Rs. One lakhs to discourage making litigation a business. ABCAUS Case Law Citation:ABCAUS 3135 (2019) (09) HC In the instant case, the petitioner was a private limited company. The petitioner had filed the petition, inter alia, impugning …
There is no requirement to obtain NOC from previous auditor. Dissuading other CAs from taking up audit not object of CA Act 1949- HC ABCAUS Case Law Citation:ABCAUS 3134 (2019) (09) HC The petitioner, a chartered accountants firm had filed a petition impugning the order passed by the …
ICAI additional FAQs on UDIN for other Audit & Assurance Functions UDIN Additional Frequently Asked Questions(FAQs) I. Additional FAQs on UDIN for Other Audit & Assurance Functions 1. If UDIN could not be generated at the time of signing the Audit Reports/Certificates, what steps should I follow? It …
Extension of last date for submission of CA Nov 2019 exam forms for candidates of J & K to 15.09.2019 ICAI Announcement Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2019, for candidates in J …
Only chartered accountants possess the requisite professional competence to perform the role of accountant u/s 288 of the Income Tax Act efficiently and effectively. The President of Indian Institute of Chartered Accountants of India (ICAI) has stated that ICAI has taken note of the representation made by the …
ICAI Implementation Guide to Standard on Auditing (SA) 570 (Revised) Going Concern The first edition of the “Implementation Guide to SA 570, Going Concern” was brought out by Auditing and Assurance Standards Board of ICAI in the year 2013. On account of revision of SA 570, there was …
