Category: ICAI
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 …
ICAI Implementation Guide on Standard on Auditing (SA) 720 (Revised) with FAQs Standard on Auditing (SA) 720 (Revised), “the Auditor’s Responsibilities Relating to Other Information” was issued by the ICAI in 2018. The SA 720 was made applicable for audits of financial statements for financial year 2018-19 and …
ICAI conducting online survey on GST Implementation in India 2 years have passed since implementation of GST in India. While many feel that the GST has facilitated ease of doing business, reduce interaction with the Government Officials, ease of compliance etc., those holding opposite views are also not …
