Category: ICAI
ICAI Implementation Guide on Reporting Standards-Revised SA 700, Revised SA 705 and Revised SA 706 In the year 2016, the Institute of Chartered Accountants of India (ICAI) had issued the revised auditor’s reporting standards i.e. (a) Revised SA 700 – Forming an Opinion and Reporting on Financial Statements It represents the overarching …
Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accountants of India and the South African Institute of Chartered Accountants Mutual Recognition Agreement between the ICAI and SAICA The Union Cabinet chaired by Prime Minister Shri Narendra Modi has has approved the Mutual Recognition Agreement between the Institute …
ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material is in the form of Frequently Asked Questions (FAQs) which explains …
ICAI Expert Panel for addressing bank branch audit related queries for the FY 2017-18. n Online support available from April 1st, 2018 to April 15th, 2018 Auditing and Assurance Standards Board of ICAI constitutes an Expert Panel for addressing bank branch audit related queries for the financial year 2017-18. With …
ICAI has issued Revised Standard on Auditing SA-299 on Joint Audit of Financial Statements The practice of appointing more than one auditor to conduct the audit of large entities has been in vogue for a longtime which is sometimes voluntarily or sometimes due to the requirements of laws or …
Despite NFRA inherent regulatory role of ICAI shall continue, ICAI have representation on the NFRA Board. -ICAI President In his latest presidential message dated 28-03-2018, CA Naveen N. D. Gupta has assured members that inherent regulatory role of ICAI as provided for in the Chartered Accountants Act, 1949 shall …
Financle e-learning kit for bank audits-ICAI ties up with Infosys The Institute of Chartered Accountants of India (ICAI) is aiming in setting up a benchmark for the statutory audit of the Banks for the year 2017-18 by utilising the Finacle expertise of Infosys, which have committed to provide a …
ICAI jurisdiction in disciplinary proceedings is confined to Show-Cause Notice. It can not ask response on applicability of Income Tax Act, FEMA, Benami Act, Prevention of Money Laundering Act, etc. ABCAUS Case Law Citation: ABCAUS 2254 (2018) (03) HC The Serious Fraud Investigation Office (SFIO) lodged a complaint …
ICAI to take stringent action against use of unfair means in exams-Advisory to students ICAI has warned about the use unfair means in CA Examinations. While admitting that cases of adoption/attempt to adopt unfair means are reported every year in respect of the prestigious CA examinations, ICAI disclosed …
Government Nomination on the Bench II and Bench III of the Disciplinary Committee The Ministry of Corporate Affairs has nominated the following persons on the Bench – II and Bench III of the ICAI Disciplinary Committees under the provisions of Section 21B of the Chartered Accountants Act, …