Category: ICAI
ICAI Financial assistance to poor meritorious CA students from CASBF to pursue the Chartered Accountancy course for one year. As per ICAI latest announcement, the Board of Trustees of the Chartered Accountants’ Students Benevolent Fund (CASBF) has decided to provide financial assistance of Rs. 1500/- p.m, for articled …
ICAI Guidance Note on Audit of Banks-2018 Edition The Auditing and Assurance Standards Board (AASB) of the ICAI has issued the Guidance Note on Audit of Banks 2018 edition. The Guidance Note on Audit of Banks which is issued by the AASB of ICAI every year is an …
Allocation of Work among Joint Auditors in Bank Audits-ICAI Advisory In view of the ensuing audit of the banks for the Financial Year 2017-18, the Institute of Chartered Accountants of India (ICAI) has issued an advisory for its chartered accountant members regarding allocation of Work among the Joint Auditors …
ICAI bans Delhi based CA for 1 year for misconduct of connivance in anti-dated stock invests & irregular share allotment which was upheld by the Delhi High Court The ICAI has notified the removal of the CA found guilty of other misconduct from the Register of Members for a period …
ICAI bans Ahmedabad based CA for 2 years for misconduct of gross negligence in performing his professional duties which was upheld by the Gujarat High Court The ICAI has notified the removal of the CA found guilty of misconduct from the Register of Members for a period of …
CA alleged as master mind of issuing bogus bills gets relief from Appellate Authority. ICAI had held Mumbai based CA guilty of Other misconduct on the complaint of Income Tax Authorities ABCAUS Case Law Citation: ABCAUS 2225 (2018) (02) CA-AA The appellant Chartered Accountant (CA) had challenged the …
ICAI removes name of Hyderabad CA for three months for issuing wrong turnover certificate for participating in tender. Appellate Authority upheld the punishment ABCAUS Case Law Citation: ABCAUS 2224 (2018) (02) CA-AA The appellant CA had challenged the decision of the Disciplinary Committee of the IVAI in holding …
ICAI bans delhi based CA for 6 months for certifying non-existent share premium amount of the company to the bank based on Board Resolution only The Institute of Chartered Accountants of India (ICAI) has removed the name of a Delhi based chartered accountant (CA) from the Register of …
ICAI removes Varanasi based CA name from register of members being found guilty of misconduct. The High Court held the CA guilty of taking delivery of shares by fake authority letter and disposing them off. The Hon’ble High Court of Allahabad in pursuance of Section 21(6)(c) of the Chartered Accountants …
Implementation Guide to Standard on Auditing (SA) 701-Communicating Key Audit Matters in the Independent Auditor’s Report The Auditing and Assurance Standards Board of The Institute of Chartered Accountants of India (ICAI) has brought out an Implementation Guide to Standard on Auditing (SA) 701-Communicating Key Audit Matters in the …