Category: ICAI
No bar on acceptance of more than 15% fees from a single client by chartered accountants – ICAI Clarifies that only requirement is of disclosure ICAI Announcement Sub. : Clarification on Fees from a single client As the members are aware, the revised Code of Ethics will come …
ICAI Guidance Note and FAQ on Going Concern Key Considerations for Auditors amid COVID-19. The going concern concept is a fundamental principle of accounting. It assumes that an entity will remain in business for the foreseeable future. An entity is assumed to be a going concern in the absence …
ICAI advisory for Statutory Bank Branch Auditors Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation ICAI has issued an advisory to its Chartered Accountants with illustrative list of considerations to be followed kept in mind for undertaking …
ICAI Revised FAQs on UDIN for Bank Audits-When Separate UDINs required? ICAI in its earlier FAQ on UDIN had clarified that UDIN not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory. ICAI has issued the …
ICAI issues an addendum and revises its Guidance Note on Audit of Banks 2020 Edition ICAI issues Addendum to Guidance Note on Audit of Banks, 2020 Edition ICAI, in view of the RBI circular no. RBI/2019-20/186DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020 and RBI Circular dated 17th April, 2020 …
CA Foundation Course registration opened for Class 10th passed. ICAI relaxes Regulations. ICAI relaxes Regulations Class 10th passed now eligible for registration in CA Foundation Course THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 4th May, 2020 F. No.1-CA(7)/193/2020.—The following draft of certain regulations further …
Incoming auditor may communicate with retiring Auditor vide E-mail due to lockdown. Acknowledgement of communication to be valid in terms of Code of Ethics ICAI relaxes requirement of communication with retiring Auditor ICAI Announcement dated 01.05.2020 Communication with the Retiring Auditor through E-mail The members have raised concerns …
Advertisement of fees by chartered Accountants in Advertisement / website not allowed-ICAI Advertisement of fees by chartered Accountants prohibited ICAI Announcement Advisory on Mentioning Fees in Advertisements issued by Members Certain concerns have been raised by members as to whether it is permissible to advertise the services rendered …
ICAI waives Condonation Fee for Students ICAI has decided to waive Condonation Fee related to articled/industrial training application forms till 30th June 2020 Waiving off Condonation Fee for Students by ICAI As per announcement issued in this regard, it has been stated that due to ongoing period of …
ICAI invites applications from eligible Chartered Accountant firms for engagement/appointment as Internal / Statutory Auditor for its various units i.e. Branches, Decentralized Offices and Regional Councils for the financial year 2020-21. ICAI invites EOI for Internal/Statutory Audit of its various Offices/Units The basic Eligibility Criteria is as under: …
